Innovation. Innovative techniques of a manufacturing company. - Assignment Example

Only on StudentShare

Extract of sample
Innovation. Innovative techniques of a manufacturing company.

It is not possible to apply the innovative techniques of a manufacturing company, in a service sector. This is because the two business models operate in different spheres, and the main different is depicted in the nature of the products they produce. The service sector deals with intangible goods, while the manufacturing sector deals with tangible goods. An example of a service is the delivery of mails, by Fed Ex Company (Chang, 2011). It is important for the service industry to create a culture of innovation while conducting their activities. This is because the service sector is a major employer, and greatly contributes to the development of an economy. However there are challenges that can prevent entrepreneurs in a service sector from innovating. This is because there aren’t any clear guidelines on how to innovate for a service sector (Chang, 2011). However, an entrepreneur can overcome this challenge by appreciating the service in which an entrepreneur provides to the community. This will create a proper mindset that will advocate for the improvement of the service to carter for the various needs of its customers. It is essential to separate the physiology, structure and the context within which the business operation focuses on. By doing this, the organization will broaden its scope of innovating, and therefore overcome the challenges that the service sector faces in developing an innovation (Omachonu et al, 2010). An example depicting an organization that appreciates its scope of operation and created ideas for its relevance in the market is easy jet. ...
Download paper


It is not possible to apply the innovative techniques of a manufacturing company, in a service sector. This is because the two business models operate in different spheres, and the main different is depicted in the nature of the products they produce…
Author : browndomenica

Related Essays

Airbus: Financial Benefits & Costs
Airbus: Financial Benefits & Costs ...
13 pages (3263 words) Research Paper
Dow Chemical
In addition, Dow has announced plans to invest in facility in Saudi Arabia for DOW™ FILMTEC™ reverse osmosis elements. The company is also considering building two new plants in Map Ta Phut, Thailand, and Schkopau, Germany. To reflect Dow’s disciplined portfolio management and strategy to focus on higher-value performance businesses, the company has decided to sale its global Polypropylene business to Braskem SA and in the third quarter of the financial year Dow AgroSciences and M.S. Technologies LLC have announced a submission to the U.S. Department of Agriculture for approval of the...
14 pages (3514 words) Research Paper
Strategic management accounting
The company provides total technical support for the installation of the machinery sold to the global customers to gain their confidence and long-term relation (Funding Universe, n.d.). Renishaw is well recognized for its manufacturing of complex machineries that could help the customers to improve their efficiencies and their potential capacities along with greater quality of the products and improving of operational performance. Renishaw has always aimed to meet the unending needs of the customers by offering them technology beyond their reach and capability. The products offered by the...
11 pages (2761 words) Essay
Innovations management in organizations.Eastman Kodak Company.
Today, organizations perform in very dynamic environments. For example, technology keep on changings, new risks keep on emerging, and competition keep increasing as new players join the industry in which these organizations operate among others In order that organizations keep up with these changes, innovative problem solving techniques are required; otherwise organizations which do not embrace keeping up with these changes risk being edged out of competition by their rivals (Dooley & Lupton 2005). Amongst the worst challenges that organizations are faced with today is keeping up with...
4 pages (1004 words) Assignment
Nortel Telecommunications Company. Disconnection In Innovation.
There are many factors that can make innovation fail, and one such factor is failure to appreciate the main objective of the innovation, and link it with the strategy of the company. This creates a disconnection between the goals of the company, and that of the innovation. This is because the innovative product created will not reflect the goals of the organization. A good case study is the failure of Nortel Telecommunications Company to develop an innovative product that reflects its goals and objectives (Shehabuddeen, 2007). In 2005, Nortel Telecommunication, under Mike Zafirovski embarked...
4 pages (1004 words) Assignment
Case Analysis-Milton Manufacturing Company
Issues at Milton Manufacturing Company ...
5 pages (1255 words) Case Study
Performance Measurement System in Julphar Company
RAK Ceramics is a company based in United Arab Emirates (UAE). The company was established in 1989 by Abdallah Massaad. The Company has been able to establish itself as the world’s largest ceramic manufacturing companies in a span of 20 years. The factory is however situated in the Arabian dessert. The products that RAK Ceramics has been offering consist of tableware, porcelain tiles, sanitary ware, bath ware, fittings, adhesive and faucets (Attwood “Racking up Miles for Tiles”). The Company operates in several countries of Asia as well as Middle-East such as, Bangladesh, Iran, India,...
7 pages (1757 words) Term Paper
Got a tricky question? Receive an answer from students like you! Try us!