Achieving a Sustainable Economy through innovation
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Innovation is about creating a sustainable solution that can change the status quo without affecting the triple bottom line negatively.
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Learning Objectives
After reading this chapter, you should have a good understanding of:
12-1 The importance of implementing strategies and practices that foster innovation.
12-2 The challenges and pitfalls of managing corporate innovation processes.
12-3 How corporations use new venture teams, business incubators, and product champions to create an internal environment and culture that promote entrepreneurial development.
12-4 How corporate entrepreneurship achieves both financial goals and strategic goals.
12-5 The benefits and potential drawbacks of real options analysis in making resource deployment decisions in corporate entrepreneurship contexts.
12-6 How an entrepreneurial orientation can enhance a firm’s efforts to develop promising corporate venture initiatives.
©McGraw-Hill Education.
2
Managing Innovation
Consider . . .
To remain competitive, established firms must continually seek out opportunities for growth and develop new methods for strategically renewing their performance.
How can innovation and corporate entrepreneurship activities become an avenue for achieving competitive advantage?
©McGraw-Hill Education.
Strategic leaders need to manage change. Changes in customer needs, new technologies, and shifts in the competitive landscape require that companies continually innovate and initiate corporate ventures in order to compete effectively. That is why managing innovation is an important strategic implementation issue. Innovation plays an important role in identifying venture opportunities and creating strategic renewal. Firms need to learn how to successfully manage the innovation process and develop corporate entrepreneurship activities. A firm’s entrepreneurial orientation can contribute to its growth and renewal as well as enhance the methods and processes strategic managers use to recognize opportunities and develop initiatives for internal growth and development.
3
Managing Innovation: Definition
Innovation allows for
Transformation of organizational processes
Creation of new & commercially viable products & services
Innovation requires new knowledge from
Latest technology
Results of experiments
Creative insights
Competitive information
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Strategic leaders need to manage change. Changes in customer needs, new technologies, and shifts in the competitive landscape require that companies continually innovate and initiate corporate ventures in order to compete effectively. That is why managing innovation is an important strategic implementation issue. Innovation plays an important role in identifying venture opportunities and creating strategic renewal. Firms need to learn how to successfully manage the innovation process and develop corporate entrepreneurship activities. A firm’s entrepreneurial orientation can contribute to its growth and renewal as well as enhance the methods and processes strategic managers use to recognize opportunities and develop initiatives for internal growth and development.
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Introduction
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Rise to Stardom
Breakthrough Albums
The 1970s marked a turning point in Willie Nelson's career. His albums "Shotgun Willie" (1973), "Red Headed Stranger" (1975). and "Stardust" (1978) received critical acclaim and commercial success. These albums not only solidified his position in the country music genre. but also introduced his music to a broader audience. The success of these albums played a crucial role in boosting Willie Nelson net worth.
Iconic Songs
Willie Nelson net worth is also attributed to his extensive catalog of hit songs. Tracks like "Blue Eyes Crying in the Rain," "On the Road Again," and "Always on My Mind" have become timeless classics. These songs have not only earned Nelson large royalties but have also ensured his continued relevance in the music industry.
Acting and Film Career
Hollywood Ventures
In addition to his music career, Willie Nelson has also made a mark in Hollywood. His distinctive personality and on-screen presence have landed him roles in several films and television shows. Notable appearances include roles in "The Electric Horseman" (1979), "Honeysuckle Rose" (1980), and "Barbarosa" (1982). These acting gigs have added a significant amount to Willie Nelson net worth.
Television Appearances
Nelson's char
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- 1. ACHIEVING SUSTAINABLE ECONOMY THROUGH INNOVATION Topic Presented by Dr. OLUMIDE AINA MD/CEO, GREEN FACILITIES LIMITED
- 3. An Idea 2
- 5. A BETTER WAY OF WORKING 4
- 6. is about creating NEW IDEAS and something valuable that stakeholders will benefit from. INNOVATION 5
- 8. 3 Reasons WHY YOU SHOULD INNOVATE 3 Reasons Innovation Is Important for Businesses Innovation is a key part of owning a successful business. It can help you 1. INNOVATION GROWS YOUR BUSINESS 2 INNOVATION HELPS YOU STAY AHEAD OF THE COMPETITION 3 INNOVATION HELPS YOU TAKE ADVANTAGE OF NEW TECHNOLOGIES.
- 10. IDEATION The collection of ideas, feedback, Problems and challenges as a means to drive improvements The creation of metrics and reporting formats to monitor innovation progress and success PERFORMANCE MONITORING ORGANIZATION READINESS The development of individuals and teams to manage and facilitate Innovation IDEA SELECTION The framework to establish if an Idea has got potential to be developed
- 12. Thank you Dr. OLUMIDE AINA MD/CEO, GREEN FACILITIES LIMITED