Part -1: (Individual Assignment)
Evaluating Strategic Approaches to Innovation on Performance Frontier
In this Individual Assignment, you will extend the general ecosystem and stakeholder analysis that you conducted in your Shared Activity in this unit by also conducting a thorough and critical competitive environment (five forces) analysis of the organisation you have chosen for your project paper.
To prepare for this Individual Assignment:
• Review the Readings and, in particular, examine the articles by Eccles and Serafeim (2013) and Kim and Mauborgne (2004) and the case studies for the unit.
• Search the Library for scholarly sources and the online business press for articles on the company you selected for your Final Project that are related to its strategic innovation and sustainability strategies (including ESG issues).
To complete your Individual Assignment:
• Conduct a brief, well-argued analysis of the past 5 to 10 years of strategic innovation actions by your selected company (particularly relative to core competitors), which explains the evolution of the company through the lenses of both traditional and blue ocean innovative strategy frameworks.
Based on your analysis, provide a convincing argument on how well prepared you think your company is to create new strategic innovation actions or to respond to competitor's innovations. Be sure to clearly argue how you've reached your conclusions and why you think they are appropriate. (Note: approximately 250 words)
• Conduct a thorough and well-argued ‘performance frontier' analysis which evaluates how well the company you have selected for your Final Project has done in the past five years in terms of ESG sustainability innovations and organisational improvements. Consider an in-depth examination of the company through the core questions that Eccles and Serafeim (2013: 53) outline:
Have they identified which ESG issues are most critical in their business?
Have they quantified the financial impact that such improvements would have (had)?
Have they undertaken major innovation in products, processes and business models to achieve the improvements?Which ones, and which stakeholders benefited?
Have they communicated with stakeholders about those innovations? Who were the winners and/or losers that the innovations impacted?
Did the company break down barriers to change or change its incentive systems? Did it exhibit ‘strategic intent' on these issues, as Hamel and Prahalad (2005) treat the topic?
• Be sure to identify the implications for future competitiveness, based on your analysis above.
• Be sure to support your postings with evidence from the Readings and current literature from the Library and other sources. Consult the Harvard Referencing Style Guide for proper citation and referencing information.
Write your paper in 1200 words count and include references in end
Part -2: (Shared Activity)
What Color Is Your Ocean?
While the framework that Kim and Mauborgne (2004) outline may seem simple to understand, it is very difficult to implement. In part, it is very difficult for companies to do new things, or to do things in new ways, because inertia is real in all organisations.
This unit's Shared Activity has been designed to help you evaluate innovation strategies in the marketplace, through traditional innovation life-cycle frameworks, and through the more holistic blue ocean framework outlined by Kim and Mauborgne (2004). Think carefully, and fully, about potential ways that an organisation might do things in a fundamentally different way to meet its customers' or new customers' needs - given its particular skills and capabilities.
Companies in the global mobile communications industry must continuously innovate or risk losing customers. A smartphone is an example of this type of innovation. These devices use an operating system that has advanced computing and connectivity capability. These advances have shown the strongest growth in mobile sales in recent years. They also allow for greater access to mobile computing for users who do not have access to computers or Internet technology.
As mobile companies pursue new applications, they also seek to enhance the technical specifications of their phones. Companies are currently engaged in planning for future generation wireless systems. At some point, the number of mobile subscriptions will exceed the total number of people in the world.
Consider companies that have introduced smartphones and tablets. These companies strive to create innovative products that support a variety of information, communication and entertainment applications that will attract loyal customers. Some smartphones and tablets (or even ‘phrablets') become successful in the marketplace, while others languish. Also consider the ESG aspects of each company's overall strategy.
To prepare for this Shared Activity:
• Review the Readings.
• Select a minimum of two, three if possible, of the major corporations from the global mobile communications manufacturing industry (i.e., who are designing, manufacturing or having proprietary mobile communications devices made in their name)
• Search the Library for scholarly sources and the online business and technology press for articles on companies in the global mobile communications manufacturing market. Be sure to cover the past 10 years.
• Using the frameworks of Pitt and Koufopoulos (2012) and Kim and Mauborgne (2004) as a minimum, consider the innovation strategies that your selected smartphone or tablet manufacturers have followed.
To complete this Shared Activity:
• Conduct a thorough and well-argued analysis of the past 10 years of innovation for your selected companies (particularly relative to one another), which explains the evolution of the industry through the lenses of both traditional and blue ocean innovative strategy frameworks.
• Based on your analysis, provide a cogent argument on which company or companies you think are best positioned strategically (based on their innovative capabilities) to make the next important steps in the industry and to be most successful. Be sure to clearly argue how you have reached your conclusions and why you think they are appropriate.
• Review your colleagues' posts.
• Respond to two or more of your peers by probing the work of your peers and then offer potential critical directing questions and specific and constructive ideas for improving your peers' analyses.
• Be sure to support your postings with evidence from the Readings and current literature from the Library and other sources. Consult the Harvard Referencing Style Guide for proper citation and referencing information.
Write your paper in 1200 words count and include references in end