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Thomas edison achievements
Thomas edison inventions how it changed america
Thomas edison inventions essay
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INTRODUCTION
Thomas Edison once said, "To have a great idea, have a lot of them". The same mantra seems to be resonating within Google as they are always coming out of visionary and innovative ventures. Diversifying from their search engine, Google is now venturing to Self-Driven Cars and space balloons that act as internet routers for hard to reach. One of their revolutionary ventures at the time is a smartphone operating system (OS), the Android.
With this, the report shall investigate the role of corporate venturing in keeping Google relevant in today’s volatile business environment, focusing on the Android OS venture. It will also look into how a large global organization such as Google, manage risks to ensure success of its ventures, acquire the human capital to run things, and how to formulate innovative solutions during times of uncertainty. The following cases from the book “Making Waves: Understanding Innovation for Business Success - Global Case Studies” by Richard J. Pech and Mike Turner (2014) were compared for similarities to the Android OS venture:
• Little Swan Group Company’s realization that innovation can be externally acquired and the importance of co-option in gaining a late-comer’s advantage.
• Seaworks showcasing the importance of hiring competent individuals to manage the growth of the venture and trusting them by providing them a sense of control over the project.
• The success of VinCom Joint Stock Company due to its capital resource advantage and the drive to pursue the project even in the face of uncertainty.
Taking into account the comparison of these cases, the report shall recommend alternative strategies for Google to continue the growth of the Android OS despite the industry’s intense competitive...
... middle of paper ...
...2014). Making Waves: Understanding Innovation for Business Success - Global Case Studies. Watsonia, Australia: OBC Publishing.
Pech, R. M., Pech, R. J., Wei, D., & Shi, H. (2005). Innovation through acquisition: The Jiangsu Little Swan Group Company in the People's Republic of China. European Journal of Innovation Management, 8(1), 107-119.
Ranft, A. L., & Lord, M. D. (2000). Acquiring new knowledge. The Journal of High Technology Management Research, 11(1). doi:10.1016/S1047-8310(00)00034-1
Smart-phone market booming. (2006). TechWeb, 1. Retrieved from http://0-search.proquest.com.alpha2.latrobe.edu.au/docview/201483375?accountid=12001
Smart-Phone Market To Double By 2017. (2013). Electronic Design, 61(9), 17-18.
Young, S. (2009). Successful Entrepreneurship in Vietnam: Personality, Decision Making and Context. Entreprenuerial Courage, Audacity and Genius, 160.
Mergers and acquisitions transpire because in tough eras, firms yearn to benefit by buying new technologies, operatives reductions, grasping economies of scale quicker, and enhanced marketplace grasp and industry visibility. This is the immaculate scenario for a coalition, but many a times it’s the opposite case. Such synergy might just be in the minds of the heads of the two firms, and might or might not craft an enhanced value....
excels in among its industry competitors is its distinctive competencies. They are defined as, “firm-specific strengths that allow a company to achieve superior efficiency, quality innovation, and responsiveness to customers,” (Hill, Jones, Schilling, 2013). Name recognition is one of Google’s strongest distinctive competencies. The word Google has become a synonym for “search” which has increased Google’s status as one of the most widely known search engines on the Internet. Another distinctive competency of Google’s is its human resources department. This refers more to the inner workings of Google, Inc. instead of its customer. Google’s human resources department is in charge of hiring the best engineers and innovative employees who will help grow the company and continue to distinguish it from other companies. Google also makes innovation one of their top public priorities, setting it apart from other competitors who do not provide new services or enhancements to the customers. The fact that Google is so open about everything from their innovative employee policies and benefits to their ever changing technology lets customers be sure they will never fall behind by using any of Google’s products or
INTRODUCTION The Google company has engaged the controlling location and position in its industry since the launch due to its unique product which is a result of its unparalleled working location. Google has moved out on to achieve the largest share of online search engines as it affords its users with a product that is difficult to find even though there are a lot of challenges. By analyzing and examining the internal and external environment of the company, it is obvious that Google company is running an efficient machine, giving attention to the most of its customers and it ensures that it offers a quick and reliable product to its customers. Origination structure at Google :
The leaders of Google have well understood the means to make Google’s company different to the other companies. They established since the beginning an original way of work, controlling the recruitment of the new members, and imposing their vision on the employees.
Introduction With today’s rate of development in technology, there has also been an immense increase in global information sharing. Innovations in technology and design seem to be emerging in the market almost every month. One of the key aspects of any business is to gather, organize and efficiently apply this information. According to Antonic (2005), economic assets are fast becoming of secondary importance in the market as companies ascribe more importance to intellectual capital. With the right application of knowledge management methods, companies can achieve a competitive advantage by managing the immense amount of information available (Balanced Scorecard Institute, 2002).
Eliminating friction at every turn: ensuring change can happen quickly and efficiently Google’s approach to innovation is highly improvisational. Any engineer in the company has a chance to create a new product or feature.
As any other company that managed to rise to fame, it was successful due to an exceptional organizational belief and value, Google company is no exception. Google Inc. practices a routine type of working condition for the scalability and its storage solution, managing the large scale application, as well as making a new platform. It is well known that a routine work is more stressful than any other work.
Kelley,T. (2005, Oct.). The 10 faces of innovation. Fast Company, 74-77. Retrieved 6th March’ 2014 from http://web.ebscohost.com/ehost/detail?vid=9&sid=1d6a17b7-c5f7-4f00-bea4 db1d84cbef55%40sessionmgr10&hid=28&bdata=JnNpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#db=bth&AN=18386009
2009 was a negative period for the United States economy. A big recession hit the country, and the founders of Google were trying to make a plan in order to make to limit the damage caused by an economic decline. Brin and Page the two creators of the giant Google were shocked form the situation that was occurring. Their company was feeling the effect of the economic downturn. Google’s stock price dropped 51 percent. The two entrepreneurs were trying to figure out a way to keep the company from drowning. Google main problem was how to maintain the culture that made the company successful in the previous two years. Some consequences that the company had to face was eliminating products that
The first two do not require the acquired business unit to be connected with the existing units; the second two depend on connection. Although the concepts are not always mutually exclusive, the way in which they generate value for the corporation is different for each. The portfolio management balances current business activities with new industry acquisitions. Its success is undervalued acquisition meets attractiveness and COE test. The challenges are: increased capital market competition, need for industry specific knowledge, and growth of the company and diversity. The restructuring seeks underdeveloped or sick companies and industries. Its successes are: utilize and pass the three tests and ability to find undervalued companies with growth potential. Its challenges are: restructurer exposed to more risk, time limit for success, hold onto a restructured company, and growing depletion of restructuring pool with increased competition. The transfer of skills involves activities important to competitive advantage. With transferring skills, business activities are similar enough that sharing knowledge would be meaningful. However, skills must be useful to key business activities and must be beyond competitors’ capabilities. The ability to share activities has been a potent basis for corporate strategy because sharing often enhances
Employee focus (Google has a unique culture and policies to promote innovation. The company strives to employ the most qualified applicants and reward the greatest contributors, in order to promote good performance and facilitate hiring and retention)
[2] N. Gandhewar, R. Sheikh, “Google Android: Emerging Software Platform for Mobile Devices”, International Journal on Computer
Google will be successful in the future. In the meantime profits continue to soar and Google will continue to innovate, employing the high qualified experts in the field.
When entrepreneurs plan their business future they will consider how they can increase their business size or profit in a short period. Entrepreneurs may consider growing their business or company by using a merger or an acquisition. These methods can be a speed up tool and a short cut to enlarge their business. (Burns, 2011) Also they can reduce competition, make it easier for entrepreneurs to think about the market and product development and risk reduction. Furthermore, some lesser – known companies can improve their firm’s image and market power by using merger and acquisition with larger firms. However, there may be risks associated with merger and acquisition related to lack of finance and time. (Burns, 2011) This essay will discuss more deeply the advantages and disadvantages of using mergers and acquisitions, showing how it can affect firms and market with the case study.
A large opportunity for Apple in the future is the growing tablet market, with high customer demands. At the same time this could also be a threat to Apple’s iPad, as Android tablets are following Apple in a very fast pace and could outstrip the iPad soon. The technological industry is highly competitive industry but Apple is able to maintain their leadership position within the tablet market as long as they maintain their loyal customers and constantly improve their sustainable coordinated ecosystem. Furthermore, their well- established brand image is based on constant innovations with high customer satisfaction. In the long- run Apple will stay the market leader, as long as they aim their highest performance, focusing on their core competencies technology, design and service quality.