Reference no: EM13894312
Analysis of Leaders in Innovation
Assignment Overview
Your readings have introduced you to Vineet Nayar, then-CEO of HCL Technologies. His approach to leading innovation transformed an at-risk IT services company into a global leader. By examining Nayar's example and that of other leaders like him, we can learn more about the skills and behaviors of such leaders and how they prepare their organizations to be more innovative. It helps to have a model of assessment when studying these leaders. For this assignment, you will use the five discovery skills from your The Innovator's DNA textbook.
Assignment Instructions
For this assignment, identify and analyze the global trends that influenced the need for Nayar to create a more innovative organization. Explain the relationship between the global trends and Nayar's role as a leader of innovation.
Evaluate Nayar's use of the five discovery skills as an innovation leader. Address all five discovery skills, assessing whether each has a role in this situation, as well as the level of Nayar's effectiveness in using each skill.
Make recommendations for Nayar's improvement on use of the discovery skills. Consider potential opportunities for Nayar to improve his skills or apply them differently.
You will also be evaluated on how well you communicate your analysis and insights. It is expected that you will communicate in a manner that is professional and consistent with expectations for members of the business professions. To aid you in doing this, follow these guidelines:
Carefully organize your paper so that a section is labeled and devoted to each of the following topics. Make sure that the reader can easily find:
A section that analyzes factors in the global environment that influenced Nayar's need to create a more innovative organization.
A section that assesses how the five discovery skills can be used to impact innovation in organization.
A section that evaluates Nayar's use of the discovery skills and includes recommendations for him to improve his use of the skills that encourage and support innovative organizations.
Optionally, graphs or diagrams may be included in appendices, if they are well-explained and applicable.
Each section of the paper must be supported using the course readings, and additional scholarly resources or reputable industry publications may be used, if needed. One to three supporting resources are recommended.
Your assignment will be scored on the following objectives-see the scoring guide for details:
-Analyze factors in the global environment that influence the need to create innovation within an organization.
-Assess the potential impact of the five discovery skills on an organization.
-Evaluate a leader's use of discovery skills related to supporting innovation within an organization.
-Recommend leadership improvements and opportunities related to supporting innovation within an organization.
-Communicate in a manner that is professional and consistent with expectations for members of the business professions.
Open Innovation and the Role of People
In this discussion, you will explore how leaders can be used to support open innovation. Your The Innovator's DNA text uses Procter & Gamble as an example of an innovative organization in several discussions. You have also examined the Procter & Gamble case study from IBS Research Center.
How can the DNA of innovation leaders be used to support open innovation at Procter & Gamble?
Also discuss the role of people-pertaining to the DNA of disruptive organizations-in supporting open innovation at the company.
|
Calculate the present value of this investment
: Cash flows from a new factory are expected to be $3,000,000 per year, every year for the next ten (10) years. If investor's use 6.25% as the discount rate, calculate the present value of this investment.
|
|
Which leadership practice or practices would be appropriate
: What is your initial impression of which leadership practice or practices would be appropriate and why? How well does the company you have chosen exemplify application of the five discovery skills of innovation leaders
|
|
Calculations using financial calculator
: A client invests $5,000 every year, at the end of each year, beginning one year from today, for the next five years. The account is expected to earn 6.25% What will the balance be in five years. An investor deposits $5,750 in a certificate of deposit..
|
|
Derive the income- consumption curve
: Derive the income- consumption curve. Use the cases when the income is either doubled or cut by half. Then, use the income-consumption curve to derive the Engel curve.
|
|
Identify and analyze the global trends
: For this assignment, identify and analyze the global trends that influenced the need for Nayar to create a more innovative organization. Explain the relationship between the global trends and Nayar's role as a leader of innovation
|
|
Gained or lost from your original investment
: Suppose that you have $82,500 to invest and would like to purchase 1500 shares of ABC Corp.'s shares which are currently trading for $100.00 per share. Law requires that all brokers have an Initial Margin of 50% but your broker demands a 55% Initial ..
|
|
Hr policies and procedures - medical leave case scenario
: Imagine you are an HR consultant to the organization involved in this situation. The organization wants to be responsive and fair. What do you recommend?
|
|
Discovery skills of disruptive innovators
: For this discussion, explain why it is important for innovation leaders to understand global trends. What is the connection between global trends and the five discovery skills of disruptive innovators
|
|
Where you show a utility maximizing choice for the consumer
: Suppose there are two goods a consumer can choose between, and that the prices are equal. First, construct a diagram, with quantities on the X- and Y-axes, where you show a utility maximizing choice for the consumer.
|