The Importance of Innovation in Todays Changing Economy Essay Example for Free

The Importance of Innovation in Todays Changing Economy Essay In today’s cutthroat society, companies and organizations in various sectors s constantly need to improve their practices and strategies to cope with the changing times and the increasing competition. People—as individuals or in groups—always have to think about attracting new customers and keeping the old; fielding new methods while incorporating the best strategies from previous practices; and delivering quality outputs to thrive in world where things could change with the turn of a page or a click of a mouse.    Stagnation is detrimental to the health of companies and organizations because now, more than ever, thinking out of the box is crucial to make one stand out and deliver something substantial to an even more meticulous crowd. Steve McKie (2004) defined two types of innovation based on Bellon and Whittington’s description in Competing Through Innovation: Essential Strategies for Small and Medium-Sized Firms: â€Å"new-old† and â€Å"new-new†.   In new-old innovation, one uses his current resources then improves and extends them.   New-old innovation would include â€Å"business models, processes, products, and services† that one is presently employing in his business endeavors. On the other hand, new-new innovation deals with jumping from what one already has into a pool of something that is really new.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Innovation generally deals with providing a solution to a problem.   When people innovate, they make the most of current resources and utilize them to generate better resources and assets for the future.   When individuals and groups begin to become more successful and better off with their innovations, a domino effect of such would boost the entire economy.   Innovation is beneficial to both individuals and groups because currently available products and services may no longer be the answers to dilemmas in the future.   Innovation paves the way for a more stable future for it allows the generation of ideas, products, and services that would meet the needs and demands of a world where, as the clichà © goes, â€Å"change is the only constant thing†. Reference: McKie, Steve.   â€Å"Let Innovation Thrive.† Intelligent Enterprise Magazine. 2004. Intelligent Enterpise. 15 Feb. 2007 http://www.intelligententerprise.com/040101/ 701feat2_1.jhtml

An Annotation of John Crowe Ransoms Blue Girls Essay -- Crowe Ransom

An Annotation of John Crowe Ransom's Blue Girls Simply put, Blue Girls is about beauty. The poem focuses on the realization and truthfulness that beauty undoubtedly fades. The speaker appeals to young girls, warning them to not put all their hope in their beauty, but to still utilize it before it diminishes. Blue Girls By John Crowe Ransom Twirling your blue skirts, travelling the sward Under the towers of your seminary, Go listen to your teacher old and contrary Without believing a word. Tie the white fillets then about your hair And think no more of what will come to pass Than bluebirds that go walking on the grass And chattering on the air. Practise your beauty, blue girls, before it fail; And I will cry with my loud lips and publish Beauty which all our power shall never establish, It is so frail. For I could tell you a story which is true; I know a lady with a terrible tongue, Blear eyes fallen from blue, All her perfections tarnished &endash; yet it is not long Since she was lovelier than any of you. The "your" in this poem signifies young adolescent girls attending school. While the moral of the poem could apply to anyone, he probably chose young girls as his audience because they are often the most aware and the most controlled by outward beauty. He also chose the color blue here, which can mean "intellectual" when speaking of a woman. So, "blue" could very well refer to the knowledge the girls hold, or it could just be the color of their skirts. I prefer the first meaning, especially since we find out that they are attending school in the next line. A sward is a grassy area of land, thus suggesting that the girls lead a carefree life of "twirling" and "travel... ... his point across here: beauty does indeed fade away, so some other purpose in life is necessary. In this poem, Ransom offers the girls three main lessons, which, although they seem contradictory, are really closely related: (1) Beauty does fade. (2) Use your beauty as much as you can before it fades. (3) Have something in your life besides beauty, so that when it fades, you are not left with nothing. He describes beauty as delicate and rare, unable to be established. He focuses on the lightheartedness of young girls, how they are caught up in beauty, and he warns them to be conscientious of the fact that their beauty will fade and that they cannot put all their hope on their beauty. At the same time, he encourages them to "practice" their beauty until it is gone, and he promises to celebrate that beauty as best he can, with all its value and frailty.

Swot Analysis Rim

The following is the SWOT analysis for Blackberry Smartphone, a tool for auditing the organization and its’ environment and used to evaluate the strengths, weakness, opportunities and threats of the device, which provides a better understanding about its position in the marketplace, where it stands, and where it needs to move forward to see what its future predicaments will have for them. As you can see below, the growing/expansion market share of Blackberry is able to capture, its current strengths outweighs its weaknesses.In order for Blackberry’s opportunities to outweigh its threats they must make sure that their competitors do not excel in areas in which they are lacking and meet level of security. The main question we should ask ourselves is will Blackberry set the challenge in order to begin taking more market share for its competitors and produce products that will appeal to a broader target market by upgrading their interfaces and applications to the level that their security has. Blackberry has several strengths including high brand awareness because it is a very recognizable brand with consumers.The company is known to have a good reputation of value for money and convenience because their products costs are worth the value the consumer receives. Blackberry does have a strong market position in the mobile market in comparison to its competitors. Blackberry also has the advantage of having the best e-mail and/or diversity device combination-organizer, internet, mp3 player, GPS, and social networks built into their products. The company is also leading in Smartphone technology because they have strong product depth.Blackberry has durable products because they have high capacity battery, built-in QWERTY keyboard, stylish/powerful features, and unique operating system. Although Blackberry has its strengths, the company also has its weaknesses such as having its products used and/or created more toward business professionals than general con sumers; their lack of compatibility-not making decisions in a timely manner. There is also the possibility that Blackberry is in the mature phase. There also patent problems that they encounter.Their products lack in web service and also have a problem with application-long loading time and does not turn on/restart quickly which makes it frustrating for its consumers that like for their phones to be faster. Blackberry’s products also have lack of size and/or products because they don’t have as much variety as its competitors. Blackberry also lacks in social networking because it doesn’t provide any entertainment for other individuals and/or the younger generation, which is an entire consumer market that would be beneficial to Blackberry if they’re able to address this issue.There is also the problem of having a high cost of ownership which makes blackberry devices quite expensive. RIM has not created a new marketing strategy for its products that are clos ing the technological gap. Blackberry has the opportunity to expand its profits by further expanding into North America and into International markets and taking advantage of the availability of markets for new technology. The company can also consider entering into partnership with large growing corporations.Blackberry’s customer loyalty and their brand loyalty allows for an assurance in producing new products because they know that its consumers will loyal in purchasing those products as well. They need to take advantage of the industry explosive growth so that they can grow alongside the industry’s demand for it products. The company can increase their growth rate and their power within the industry by expanding their target market by creating new appealing phones that include a variety of features that will attract new customers other than the business professionals that it currently appeals to.Blackberry can also take an opportunity by reaching out to iTunes to tr y and create software that will be compatible to its products since that is something that a lot of consumers would really enjoy, and also by creating great products that include advanced technology. Blackberry faces some threats from the Apple iPhone, HTC, HP, Sony Ericsson, and Sony smart phones because they constantly have new products entering the market, they are strong within the industry, and this increasing competition may cause demand for products Blackberry’s products to decrease.These competitors also have a greater span in technology and products which may cause consumers to see Blackberry as outdated when it comes to Smartphone technology. The economy also plays a role in Blackberry because some consumers are unable to afford the company’s products and can therefore decrease its demand. They also face the problem of having a large demand for a niche product which may cause a lack of innovation when it comes to creating new products and having those product s become successful.Since Blackberry is a reputable brand it has become the target of competition and has created price wars with third parties that make similar phones to the Blackberry and then sell those products at lower prices. SWOT Analysis for Blackberry Positive Negative InternalStrengths ?High brand awareness ?Reputation for value for money and convenience ?Strong market position ?Best E-mail/ Diversity device combination-organizer, internet,mp3 player, GPS, and social networks ? Leading in Smartphone technology ?Strong product depth Durable ?High capacity battery ?Built-in QWERTY keyboard ?Stylish/Powerful features ?Unique operating systemWeakness ?Know to be used /created more toward business processionals than general consumers ? Lack of compatibility-not making decisions in a timely manner ? Web service and application-long loading time ?Lack of size/products ?Possibly in mature phase ?Patent ?Does not turn on/restart quickly ?Social networking- no entertainment for oth er individuals/younger generation ? High cost of ownership are quite expensive RIM has not created a new marketing strategy for its products that are closing the technological gap ExternalOpportunities ?Further expansion into North America & international markets ? Availability of markets for new technology ?Partnership with large growing corporations ?Customer loyalty- allows for a assurance in producing new products ? Industry explosive growth ?Brand loyalty ?Expand target market-new appealing phones with a variety of features that will attract new customers other than business professionals ? Still at growth rate/rising in power Software compatibility with iTunes ?Great product with advance technology Threats ?The Apple iPhone, HTC, HP, Sony Ericsson, and Sony smart phones ? New, strong, and increasing competition may cause demand for products to decrease ? Competitors have greater span in technology and products ? Possibly seen as outdated in Smartphone tech ?Economy environment ?Large demand for a niche product may cause lack of innovation ? Being a reputable brand makes blackberry the target of competition ? Price wars with third parties –make similar phones to the blackberry and sell at a lower price

A Business Plan for Just In Time Caring - Free Essay Example

Sample details Pages: 3 Words: 1038 Downloads: 5 Date added: 2017/06/26 Category Business Essay Type Argumentative essay Tags: Business Plan Essay Did you like this example? CONTENTS Executive Summary Objectives Mission Keys to Success Organization Summary Company Ownership Location and Facilities Services Management Summary Market Analysis Target Market Other Service Providers Contact US EXECUTIVE SUMMARY JUST IN TIME CARING LTD is Health and Safety Consultancy designed to help reduce accidents at work, increase productivity, enhance employee morale and help businesses to retain high quality employees. Proper Risk Management is about practical steps to protect people from real harm, not bureaucratic back covering. JITCL keeping in mind the need of work place health and safety in United Kingdom, will offer professional services to every size of business no matter from a small shop to corporate clients. OBJECTIVES The objectives of JITCL are: à ¢Ã¢â€š ¬Ã‚ ¢Establish healthy and safe systems of work for employees. à ¢Ã¢â€š ¬Ã‚ ¢Increase revenue, by expanding the Target Market to nearby areas in quarter 4 of Year 1. à ¢Ã¢â€š ¬Ã‚ ¢Increase client base, by getting efficient and effective Marketing Strategy. à ¢Ã¢â€š ¬Ã‚ ¢Implement new advertising campaign. à ¢Ã¢â€š ¬Ã‚ ¢To generate sufficient profit to finance future growth and to provide the resources needed to achieve the other objectives of the company and its owner. à ¢Ã¢â€š ¬Ã‚ ¢To grow the business at a rate that is both challenging and manageable, leading the market with innovation and adaptability MISSION The short term objective is to start this company quickly and inexpensively, with a minimum of debt. The long term objective is to grow the company into a stable and profitable entity that the owner can easily and comfortably manage. KEYS TO SUCCESS JITCLà ¢Ã¢â€š ¬Ã¢â€ž ¢s keys to success and critical factors for the next three years are: Don’t waste time! Our writers will create an original "A Business Plan for Just In Time Caring" essay for you Create order Development and implementation of a successful marketing strategy/plan to employers. Recruitment of experienced medical and administrative talent. Commitment to continuously improve the quality of service. Demonstrate a financial return on investment. Commitment from Senior Management ORGANISATION SUMMARY JUST IN TIME CARING LTD is committed to providing customized services to meet the occupational health and safety needs of area businesses and industries in its target market. JITCL is based on the belief that healthy employees are more productive and efficient. For this reason, it provides wellness strategies and programs to businesses. This combines promotion of total healthbody, mind and spiritdesigned to facilitate positive lifestyle changes of a companys work force. COMPANY OWNERSHIP JUST IN TIME CARING LTD was established in February 2014. The company is located in Slough and was established by Mr Mohammad Atiq. Mr Mohammad Atiq is an active director and 100% shareholder in the company. He is entitled Occupational Health Adviser. Mr Atiq holds a degree in Occupational Health and Safety from Cardiff Metropolitan University. Being a graduate and having experience in this field, he has an aptitude to deliver remarkable skills in his diverse field to make a space for himself and his company. LOCATION AND FACILITIES JITCL provides services between 9-5 7 days a week. The office hours are 9am to 5pm Monday to Friday. JITCL will look to offer Health and Safety programs at the employersà ¢Ã¢â€š ¬Ã¢â€ž ¢ workplace, once the minimum employee participation requirements are met. JITCLà ¢Ã¢â€š ¬Ã¢â€ž ¢s Head Office is currently located at 150 WELLINGTON STREET, SLOUGH, SL1 1RP. The Company will work from the customersà ¢Ã¢â€š ¬Ã¢â€ž ¢ workplace, depending on the need of the customer. SERVICES JITCL is convinced that the well-being of client/company is imperative to the health of our community. JITCL understands that accidents, illnesses, and sick days directly affect business efficiency, morale and profit. Maintaining healthy employees translates into a more productive work force. JITCL exists to encourage employees to set personal health improvement goals while reinforcing good principles. We will develop a str ategy with each customer so that it best suits the needs of each individual employer. The program will be designed to facilitate positive lifestyle changes in a companyà ¢Ã¢â€š ¬Ã¢â€ž ¢s employees. Our services will include (but are not limited to) the following: Inspection of workplace areas to ensure compliance with health and safety legislation. Preparing health and safety policies and procedure. Assessing the work environment. Managing Risk at the workplace. Managing Major Industrial Accidents. Managing Occupational Accidents. Assessing the workplace safety and reporting to management with recommendation on reducing risk at workplace. Our program will aim to help companies achieve the following goals: Reduce employee healthcare costs. Improve health and safety in the workplace. Increase productivity. Enhance employee morale. Retain high quality employees. Create a positive return on investment. MANAGEMENT SUMMARY The management team will initially consist ofMr. Mohammad Atiq who is a Cardiff Metropolitan MSC Occupational Health and Safety graduate. MARKET ANALYSIS Companies are generally categorized in the following manner: Home Office Businesses à ¢Ã¢â€š ¬Ã¢â‚¬Å" consisting 1-5 employees. Small Businesses à ¢Ã¢â€š ¬Ã¢â‚¬Å" 5-50 employees Medium Businesses à ¢Ã¢â€š ¬Ã¢â‚¬Å" 50 à ¢Ã¢â€š ¬Ã¢â‚¬Å" 500 employees Large Businesses -500+ employees All employers, whatever the size of the business, must have the health and safety policy in place and ità ¢Ã¢â€š ¬Ã¢â€ž ¢s a continuous cycle that requires further improvements and implementation of new regulations of Health and Safety Law. The below cycle best describes it; Ref: https://www.snh.org.uk/uplandpathmanagement/3.1.shtml TARGET MARKET Currently the target market for JITCL will be the Small Businesses or the Home Office Businesses. The Reason for this being that most such business do not recognize that they have the need for our services yet, or are just starting out and need a service such as ours. After a couple of years and having built a client base, JITCL can then look to approaching Medium and large businesses and tailoring our marketing and sales strategy for this. OTHER SERVICE PROVIDERS Currently, there seems to be only few other companies that are providing the same services within a 10 mile radius. This means that there is ample opportun ity to grow as there is lack of competition. The other companies under the Health Safety Consultancy are searched over the internet and listed below; Our Rivals in the business: Health Grace 10 Canada Rd, Slough, Berkshire, SL1 1SE Tel: 07865 988957 New Linc Healthcare Services 335a High St, Slough, Berkshire, SL1 1TX Tel: 01753 535921 Anntara Management Ltd P.O Box 3563, Slough, Berkshire, SL3 3BT Tel: 07831 512528 Aline Associates 28 Fairfield Rd, Burnham, Slough, Berkshire, SL1 8AH Tel: 01628 663722 Prisma Associates Ltd Woodfield Taplow Common Rd, Burnham, Slough, Berkshire, SL1 8LP Tel: 01628 602791 REFERENCE: https://www.yell.com/ucs/UcsSearchAction.do?keywords=health++safety+consultantslocation=SL1+1RPscrambleSeed=89257880searchType=M=bandedclarifyResults=ssm=1autocomplete=kw