Organizing and Managing Innovation for NineSigma- myassignmenthelp

Question: Discuss about theOrganizing and Managing Innovation for NineSigma. Answer: Introduction to NineSigma The report will discuss in detail about NineSigma which is widely encourages innovation in its organization. The company connects the company with number of external innovation based resources to increase the pace of innovation in so many sectors like private, social sectors and public. The organization also provides or encourages open innovation based services to companies across the world. It also consists of assorted products like Kraft Foods, Unilever, Siemens and Philips to meet the sudden issues in addition to integrating it will new base or set of knowledge which is filed with product based pipelines and important to stay ahead of the competition (Bakici et al., 2013). It also come under the list of five thousand companies that is one of the fastest growing organization among US based companies. The proprietary process of the company has manufactured billion of money in value for the customers. The company is one of the largest open international network for solution providers along with an extensive database of present solution which spans in many industries and technical based subjects or disciplines. The company has also formed an online based innovation community where it becomes the one of the first open innovation based social media destination worldwide. It helped in connecting number of different innovators all kinds with varied resources and associations to drive development. What makes NineSigma innovative in the marketplace? The company can identify the risk and the concept of risk is an inherent or crucial part of innovation. Risk for an organization can also mean that not knowing whether there is any kind of better technology based solution that will help in getting them to the market in fast manner or no clarity on how the current emerging technology can associate with the present set of products as well as market or even not gaining any clarity on what they understand as an organization. The main reason behind it that the company understands that knowledge cannot be accessed in easy manner (Battistella and Nonino, 2012). The company has developed the open innovation based services to reduce the risk which inherent in case of innovation and it make sure that the vision is bolder through accessing to new answers, partners and knowledge. The concept of fearless innovation is also about bringing the concept of innovation in rapid as well as confident manner. Innovation in fearless manner has so many phas es that it helps in boosting the overall confidence and are also critical to accomplish the success. Following are some of the crucial facts: - Bold Breakthroughs: these days breakthroughs are common practices in companies, labs and various kinds of organization. It is important to take or understand the concept of needs in right manner to those people who are bold innovators to find the right solutions in case people are unaware about the existence of the unknown or unaware that it can also be applied on the need (Battistella and Nonino, 2013). Action based knowledge: it is important to understand that a person is an expert in the field of education and it becomes important to have the right information required or that can relate to the technology to other emerging technologies. There are many important questions needed to be asked here like can companies connect seemingly with unconnected technology areas as well as distil broad based technology domains into many actionable options. Unexpected connection: the company is considered as a fearless innovator which primarily means that it is open to many solutions which are outside the industry and technical based disciplines that can change in radical manner in a way that one approach the technology based challenges and create a new and improved competitive advantage (Bessant and Mslein, 2011). Social innovation: the concept of social innovation is based on companys collective future and the way company is innovating will continue to evolve constantly since social media is becoming more sophisticated and can also bring together all kind of qualified innovators to deal with familiar challenges while saving the private data as well as IP. Unlimited access to innovators: there are parts of innovation process that is having unlimited access which becomes the best ideas, along with solutions as well as partner regardless of where different resources exist and with right preparation as well as expectations any two kind of companies can connect or collaborate in an effective manner to generate solutions that can create so many set of mutual values. How does this form the basis of its competitive advantage? The company highly values the concept of innovation. Organization in the current time can identify the overall value of open innovation and are also very eager to solve the areas which are not yet invented with the mindset where NineSigma can find out the essential elements when the company first initiated their operations. However, it was the selling based challenge some ten years ago that eventually helped the company in refining the messages and develop proven methods that coaches the customer through every step of the present open innovation methodology which goes from adopting the innovation strategy to successful solutions (Billington and Davidson, 2013). For example, contracting with solution providers and getting modern technology answers. The customers in every industry as well as technology sector have seen companys ability to successfully connect the organization with the international innovation community. The company has also enabled the customers to take leverage in the concept of open innovation based network along with external resources to meet the sudden issues that are filled with product pipelines and further integrate with new set of knowledge and capacities into their companies. The company is not concerned that whether the client comes fortune fifty company or middle market organization or international level of non-profit. The company helps them to integrate the concept of open innovation based culture as well as practice into the company with repeated process that can be applied on any company kind with same positive outcomes. Since the inception, the companys mission has been to connect with organization and get them best experts that will understand and solve the issue. As a part of open innovation based marketplace evolves, that the company is highly committed in helping the customer to accomplish measurable success in their open innovation efforts (Chesbrough et al, 2014). The company will continue to test as well as refine the serv ice based offering to meet the current evolving needs for the customers. What type of innovation is dominant in this organization? As discussed, the company follows the concept of open innovation. The concept of open innovation is based on gaps that falls directly between the academe and the business. In conceptual terms, it is widely distributed with more participatory and more decentralized approach to innovate based on the observed facts that are crucial knowledge in the current time and distributed widely with no company and no consideration on how capable or big the company can innovate in effective manner on its own. At the same time, there are many kinds of critical roles as well for an overarching related architecture that can connect with seemingly disparate level functions (Hossain, 2012). The business model also decides what organization can look to bring internally in the company and permit to go out of the firm. Therefore, the concept of open innovation also offers a lot for academics to study and understand that there have been many academic papers written in the present time on topic in the past e ight years. In case of business, the concept of open innovation is a more profit based method to innovate since it can decrease the costs and increase the pace of time to market and raise the level of differentiation in the market as well as create new base of revenues based streams for the organization. Therefore, there is the existence of many opportunity for the business to gain profit from open innovation. There are so many companies worldwide in the current time that have executive with the job title and managers of open innovation. Also, there are so many software based companies along with intermediaries and consultant that provide product as well as services in open innovation concepts (Katzy et al., 2013). It is important to understand if nothing works, the presence of current newly founded open innovation will help in providing the suggestions that the present concept has met a market based test. The important question is how the concept of open innovation can be defined. The definition is based on the basic nuanced than that of many kinds of people. The concept of open innovation is based on the usage of purpose based inflows along with outflows of knowledge can increase the internal innovation and further expand the markets for the external usage of innovation in the right manner. Open innovation can be defined as the concept of antithesis of the traditional as well as vertical kind of integration approach where internal research and development function lead to developed product internally. The definition also suggests that there are aspects to open innovation and one is the outside in concept where external based ideas as well as technologies can be brought into the company very own innovation process (Piller et al., 2011). This is the most common characteristics of open innovation. The less common feature is the concept of inside out part where there are so many under-utilised concepts along with technologies in the company that can go completel y outside to get incorporated into other distinct innovative process. There are many other methods as well where some people will define the concept of open innovation. There are some people who claims that it can work just like open source based software and in other places it doesnt. The current business model for innovation is an important part of open innovation. There are many other who think that it is simply based on supply chain management but it isnt. the concept of open innovation consists of many other factors that falls far outside the traditional level of supply chain. The participants in open innovation can be impacted however, often are not completely directed or managed in right manner. There are some people who also claims it that it is user based innovation but its not. The user is very crucial towards the concept of open innovation since there are universities, venture capital and RD (Rass et al., 2013). Does the organization exemplify a combination of some of these innovation types? The company is the global leader specifically in open innovation services. The company usually turns to Warner to make sure that the target market is aware of all the latest news. The organizations are helping all the leading companies in every kind of industry to leverage the international brain by recognising new answers with IP, technology based that can speed up the RD and consist it in a manner that can also drive strategic advantage along with market leadership. This is done through highly managed services along with social media innovation based website. The concept of open innovation is complicated concept and the impact that the company want to reach is not an easy goal. It is important to understand the technicalities and basics of the open innovation market and one must know that the players and insiders are aware of it (Schroll and Mild, 2011). The company has successfully managed to secure a place in publications like Harvard Business Review and Forbes and many more in s ectors the company serves. To rightly complement the companys traditional media relation program, the company also took help of social media by running a campaign to reach more deeply into many vocal and highly active communities on online portals. It is also crafted program for LinkedIn aiming on the company most crucial innovation leaders in their own group at the time of expanding the content and engaging as well as impacting the companys own group. It is also important to integrate the traditional with many society based aspects of the program which also support the internal team and usage of twitter and other social media to amplify the influence of every kind of announcement. How does this organization organise and manage the implementation of innovation? As per number of research, management of innovation has many similar features along with management of technology which can also seek to maintain as well as improve the competitive place of the organization by using the technology in right manner. Usually the two words are used in an interchangeable manner since the borders between the two parts are not completely recognized. Therefore, it is also indicated by number of studies that tend to deal with innovation as well as technology based management by trying to bring together the concept under one umbrella (Ye and Kankanhalli, 2013). There are number of other approach in historical manner which are common and has been related with managing innovation new cases of product development. It is important to try to make a change that can be highlighted for the rest and the crucial of managing the pace of development as well as marketing the new products in the managing the innovation. The reviews of the concept of innovation management in NineSigma suggest that the company sought to recognize the scope of innovation management which further will assist to manage the conceptual framework that can be right for the action research consisting the implementation of innovation management concept in an organization (Schroll and Mild, 2011). The overall implementation of innovation management can further be rationalised, but need proper customization as well as commitment from the organization to leaders. Therefore, to properly understand the implementation the company must apply the set framework which further will provide support in recognizing the key areas for the implementation of innovation management. How do these initiatives facilitate the achievement of strategic innovation outcomes? Technology based increment innovation is when aligned with the strategy of the company which is aiming at new kind of products and processes as well as application and service oriented to the consumers that can respond to the demand and the companys own idea. All this is based on the strategy that is between the foresight of internal development mainly focusing on the present core business. In addition, the company also aims on innovation on the generation of values for the consumers along with the designs of product based platforms with constant search for new answers and the improving the processes. To achieve the goal, the company will be able to empower the brand and apply the current solution in an efficient manner and exploring the option for collaborating with tools based suppliers along with searching the radical product innovation options through collaboration (Ye and Kankanhalli, 2013). Reference Bakici, T., Almirall, E. and Wareham, J., 2013. The role of public open innovation intermediaries in local government and the public sector.Technology Analysis Strategic Management,25(3), pp.311-327. Battistella, C. and Nonino, F., 2012. What drives collective innovation? Exploring the system of drivers for motivations in open innovation, Web-based platforms.Information Research,17(1), p.513. Battistella, C. and Nonino, F., 2013. Exploring the impact of motivations on the attraction of innovation roles in open innovation web-based platforms.Production Planning Control,24(2-3), pp.226-245. Bessant, J. and Mslein, K., 2011. Open collective innovation. 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