HRM 699 CAPSTONE PROJECT
Discuss your thoughts on the innovation plan and if you feel it will be a success.
In your responses among your peers, expand the discussion by providing suggestions to the business developer on what they could do to ensure the plan could be successfully implemented. Be sure to include real-world examples and follow up with outside research.
Innovation Consultation
This week you have learned about the importance of innovation within the workplace. The techniques learned this week will play a vital role in your growth as you build your career. Assume you have been chosen as a consultant to develop an innovation strategy to help a company who has fallen behind the competition. You have been asked to create a 10-minute presentation on your research as to why the company has fallen behind and how you propose they improve.
Your work should include the following:
· Outline an innovation plan that details the research that has been conducted.
· Develop a presentation that shares this research and the plan in which you have created to help the organization with updating their innovation standards.
· Your presentation should be recorded as if you were presenting to the audience. You may use video or voice-over.
· Your presentation must be a minimum of 10 minutes in length.
· Upload your presentation to this dropbox.
· Post this presentation to the forum for discussion among your peers.
AN EXAMPLE IS INCLUDED
good grammarNo Plagerism
Innovation Consultation
NOKIA: TELECOMMUNICATION INFRASTRUCTURE
This Photo by Unknown Author is licensed under CC BY-SA-NC
Review current Nokia’s current mission and vision statement
Develop guiding principles
SWOT! SWOT! SWOT!
Data analysis
Milestones
Plan of action
This Photo by Unknown Author is licensed under CC BY-SA
This Photo by Unknown Author is licensed under CC BY
Nokia’s phenomenal rise during the 1990’s is only usurped by its colossal decline in the subsequent decade. The innovative practices that company rode to the pinnacle of its industry was somehow lost or taken for granted in the 2000s. As is the case with most declines there exists no singular explanation. The subsequent brief are carefully thought out notions that if implemented properly and taken seriously could restore Nokia prominence in the telecommunications arena.
Reference: Burgelman, R. A. (2018). Yves L. Doz and Keeley Wilson: Ringtone: Exploring the Rise and Fall of Nokia in Mobile Phones. Administrative Science Quarterly, 63(4), NP46-NP48. https://doi.org/10.1177/0001839218791184
Mission and Vision Statement:
CONNECTING PEOPLE
This Photo by Unknown Author is licensed under CC BY-NC-ND
Nokia’s mission and vision statement: Connecting people while being very straightforward and to the point– does not say much else.
An ideal mission and vision statement is a sensible starting place for establishing effective strategic direction
Reference: Pershing, J. A. (2006). The Performance Architect’s Essential Guide to the Performance Technology Landscape. In Handbook of Human Performance Technology (3rd ed., pp. 35-54). San Francisco, CA: John Wiley & Sons, Inc.
SWOT! SWOT! SWOT!
What are our Strengths? Refers to internal factors
What are our Weaknesses? Internal shortcomings
What are our Opportunities to improve? External possibilities
What are the Threats to the firm? External factors
SWOT analysis should be conducted in a group session, preferably with the leadership management team. Most importantly, SWOT is a collaborative effort.
Reference: Pershing, J. A. (2006). The Performance Architect’s Essential Guide to the Performance Technology Landscape. In Handbook of Human Performance Technology (3rd ed., pp. 35-54). San Francisco, CA: John Wiley & Sons, Inc.
Data Analysis
The firm must create an avenue to track and analyze data.
Quantitative and Qualitative methods
This Photo by Unknown Author is licensed under CC BY
Data Analysis provides documented proof if processes are working or failing. Whether it be qualitative or quantitative both means provide information that can aid in assessing firm performance.
Reference: Pershing, J. A. (2006). The Performance Architect’s Essential Guide to the Performance Technology Landscape. In Handbook of Human Performance Technology (3rd ed., pp. 35-54). San Francisco, CA: John Wiley & Sons, Inc.
Milestones
What is it the company wishes to achieve in the next month? Quarter? Year?
This Photo by Unknown Author is licensed under CC BY-SA-NC
The right mix of short term and long term goals helps to propel the firm forward in meeting the objectives of the mission and vision statement. These milestones need to be concise and achievable.
Reference: Pershing, J. A. (2006). The Performance Architect’s Essential Guide to the Performance Technology Landscape. In Handbook of Human Performance Technology (3rd ed., pp. 35-54). San Francisco, CA: John Wiley & Sons, Inc.
Plan of Action
Where do we start?
At the beginning– mission and vision statement
Continue to goal setting and training
Monthly meeting updates
Course correct if milestones are missed or need to be recalibrated
Accountability– set a standard and hold everyone to it
Repeat as required.
This Photo by Unknown Author is licensed under CC BY
Nokia’s phenomenal rise during the 1990’s is only usurped by its colossal decline in the subsequent decade. The innovative practices that company rode to the pinnacle of its industry was somehow lost or taken for granted in the 2000s. As is the case with most declines there exists no singular explanation. The subsequent brief are carefully thought out notions that if implemented properly and taken seriously could restore Nokia prominence in the telecommunications arena.
Reference: Burgelman, R. A. (2018). Yves L. Doz and Keeley Wilson: Ringtone: Exploring the Rise and Fall of Nokia in Mobile Phones. Administrative Science Quarterly, 63(4), NP46-NP48. https://doi.org/10.1177/0001839218791184
Nokia’s mission and vision statement: Connecting people while being very straightforward and to the point– does not say much else.
An ideal mission and vision statement is a sensible starting place for establishing effective strategic direction
Reference: Pershing, J. A. (2006). The Performance Architect’s Essential Guide to the Performance Technology Landscape. In Handbook of Human Performance Technology (3rd ed., pp. 35-54). San Francisco, CA: John Wiley & Sons, Inc.
SWOT analysis should be conducted in a group session, preferably with the leadership management team. Most importantly, SWOT is a collaborative effort.
Reference: Pershing, J. A. (2006). The Performance Architect’s Essential Guide to the Performance Technology Landscape. In Handbook of Human Performance Technology (3rd ed., pp. 35-54). San Francisco, CA: John Wiley & Sons, Inc.
Data Analysis provides documented proof if processes are working or failing. Whether it be qualitative or quantitative both means provide information that can aid in assessing firm performance.
Reference: Pershing, J. A. (2006). The Performance Architect’s Essential Guide to the Performance Technology Landscape. In Handbook of Human Performance Technology (3rd ed., pp. 35-54). San Francisco, CA: John Wiley & Sons, Inc.
The right mix of short term and long term goals helps to propel the firm forward in meeting the objectives of the mission and vision statement. These milestones need to be concise and achievable.
Reference: Pershing, J. A. (2006). The Performance Architect’s Essential Guide to the Performance Technology Landscape. In Handbook of Human Performance Technology (3rd ed., pp. 35-54). San Francisco, CA: John Wiley & Sons, Inc.