Innovation Leadership Essay

2015 words - 8 pages

Innovation Leadership ProjectInnovation leadership ProjectDarlene LaBarreMBA6006 Foundational Skills for Business LeadersInnovation 8Capella on LineAbstractProcter and Gamble (P&G) was formed by William Procter a candle maker and James Gamble a soap marker on the 31st of October 1837. It is an American multination consumer good manufacture and one of the largest in the world. It manufactures products ranging from beauty and grooming, pet food and household and fabric care, baby and family home care products and has its headquarters in Cincinnati, Ohio USA.P&G had about 80 staffs between 1858 and 1859 and sales reached $1million. Winning several contacts from the Union Army during the American Civil War to supply candles and soap earned P&G a lot of profit also expanded its market by introducing military personals all over the country to P&G products.Operation and brandsThrough acquisition, P&G became an international corporation in 1930. It operates in 80 countries, has approximately 135,000 employees and has 50 brands which well-known in about 180 countries. Their brand amounts to more than 90% of its sales and profit. 26 of its leadership brands produce more than a $1billon each in net annual sales. (P&G, 2012).P&G' touches the life of people around the world with it brands which includes Always, Ariel detergent, Bounty, Charmin, Crest, Downy, Gillette, Lams, Olay, Pampers, Pantene, and Tide. (Olympics, 2011).It used to produce food and beverage products prior to the sales of Pringles to Kellogg Company for $2.7 billion in 2012. Pringles was one of P&G's major revenue drivers with a sale of about $1.5 billion yearly. It was the only remaining food business after the sales of Jif peanut butter and Folgers coffee to Smucker's in recent years. P&G is no longer in the food business, is now lays more focus on personal care and beauty products. (Reuters, 2012).Procter & Gamble recorded sales of $83.68 billion in 2012 and has received several awards like 5th position on the World's Most Admired Companies", overall best company for leadership development on the list of the 2012, "40 Best Companies for Leaders" by Chief Executive Magazine, "World's Most Admired Companies" and Top MBA Employers from Fortune, "World's Most Respected Companies" from Barron's, "Best Place to Work" from Glassdoor.com, and " The World's Most Attractive Employers" from Universum. (P&G, 2013)Case Study Overview.A company is an open system. It gets it raw materials and resources from the environment and provides it good to the environment. Environmental forces are of different levels. Some are external, and some are internal forces. External environment forces can be associated with international, local or regional levels. These forces might be opportunities, threats to a business environment. Every organization tries to make use of the opportunities and also deal with the threats emerging from the business environment.Procter and...

Find Another Essay On Innovation Leadership

Relationships Between Organizations and Innovations Essay

1219 words - 5 pages display the capabilities of leadership, and the ability to introduce and implement new technology within the organization. (c) How your respective firm/company contributes to South Africa’s innovativeness and competitiveness? As stated by Eskom factor report (2011). Eskom is promoting innovation initiatives through in-house and external activities particularly in research and development. This initiative is aimed at investing in the development of

ICT in Cameroon Primary Schools Essay

902 words - 4 pages provide the required resources to support the use of technology in teaching and learning. According to Ely, this condition is linked to commitment, reward and incentives, and leadership. 4. Availability of time. The adoption of the innovation takes time and is a long process that needs to diffuse at a good pace. Ely (1999) states that, "the implementers must have time to learn, adapt, integrate, and reflect on what they are doing". He says that

Description of Clinical Leadership Theories

2073 words - 8 pages clinical leaders focus more on inspiring, motivating, and empowering their followers. They always support change and innovation by reflecting on imaginative solutions, placing their values or vision into action, being the driving force for change, role modeling their principles, and having them as part of who they are. In addition, clinical leaders need to show transformational leadership qualities, in which individuals connect with each other in

Models of Innovation Contribution Towards Innovation Management in Organizations

2174 words - 9 pages interactive model, and interactive learning is regarded as the most important process (Lundvall, 1992 : 9).Another dominant feature pertaining to the interactive innovation model is the store set by collaboration, as opposed to the emphasis on competition (Lundvall and Johnson, 1994 : 26).All activities are seen as part of a bigger system of relations among various elements which may include activities in Finance and business leadership, Marketing and

Innovation and Technology

2063 words - 9 pages have brands that command the market and the only way to make this happen is by using innovation. To protect the successful work of innovation, core competence is very important as it will introduce unique features that will set the product conceived through innovation apart. Consequently, the importance of core competence cannot be underscored if fruits of innovation are going to be enjoyed fully by an organization. The Role of Leadership in

Innovation as an Important Element of Economic Development and Advancement

1956 words - 8 pages consideration of changing environment for innovation, which is important to think about whether the existing system of Intellectual Property Rights rules and regulations continues to encourage innovation. Implementing these changes to encourage innovation may seem difficult but with strong leadership and efforts to develop a clear understanding by various stakeholders of the problems and solutions can help to communicate the requirement for

Stakeholder Engagement

1792 words - 7 pages technological development is paramount (Intrachooto andHorayangkura, 2007). Increasing client awareness and highlighting the significance of environmental responsibility may create a sense of ownership in the design team. It may also reduce significant financial barriers and ‘legitimizes a less rigid budget’ to support innovation development (Intrachooto andHorayangkura, 2007 ). Several studies highlighted client leadership as a prerequisite

Change management

739 words - 3 pages of proactive companies are innovation and leadership. 1.4.1 INNOVATION Innovation distinguishes between a leader and a follower" - Steve Jobs, Founder and CEO, APPLE Inc. Innovation pays a huge role in change. In the current world companies who are more innovative leads the market. And they need to innovate constantly if they are to stay ahead of the pack in terms of competitiveness. Innovation can produce sudden dramatic changes to the way

Nurses and Innovation

1553 words - 6 pages conditions. In the article, Betrayed Trust () we learn how a hospital was healed through servant leadership. Ways I Will Contribute I will contribute to the furtherance of innovation by 1) being an role model of physical health and 2) creating an environment where servant leadership can thrive. First, I must be an example of health in my own life because the sound principles of health must begin with me. I will continue to promote a healthy lifestyle

Adoption and Diffusion

2103 words - 8 pages Adoption and Diffusion "The emergence of the basic paradigm for early diffusion research [was] created by two rural sociologists at Iowa State University, Bryce Ryan and Neal C. Gross" and gained recognition when they "published the results of their hybrid corn study"(Valente and Rogers, 1995, paragraph 1 ) in 1943. Post World War II agriculture experienced a boom in "technological innovation" and "as a result…U.S. farms became business

Business Model Innovation

1073 words - 4 pages underscored, you should propose a set of future research opportunities to extend and deepen the understanding of the subject. 7. References. You should list in detail the references mentioned in your literature review Works Cited Chesbrough, H. (2007) «Business model innovation: it’s not just about technology anymore», Strategy and Leadership, vol. 35, no. 6, pp. 12 17. Giesen et al. (2007) «Three ways to successfully innovate your business

Similar Essays

Leadership: Creativity And Innovation Leaders Know In Their Gut That Creativity And Innovation Are The Life Blood Of Their Organization

8610 words - 34 pages Leadership: Creativity and InnovationLeaders know in their gut that creativity and innovation are the life blood of their organization. New ideas can lead to programs that are superior to those that are already going on or planned in the organization and which would have been divested or never initiated had a better idea or program come along. So, the mission of every leader should be to search continually for ideas and programs that are

Innovation & Change Essay

3750 words - 15 pages Innovation & ChangeIntroductionThe focus of this assignment looks at the nature of leadership and what effect it has on the ability of an organisation to be innovative. Appropriate Leadership and innovation theories and models will be used to answer the question of whether leadership is all an organisation needs to be innovative. First of all the meaning of leadership is looked at and discussed followed by a critical discussion of the role

Role Of Innovation Essay

1564 words - 6 pages , to high capital costs for business.If an organization applies to the radical innovation then this organization must develop and improve the relationship between all players in the innovation system and build an internal and communication environment which supports innovation and risk-taking.Both incremental and radical Innovations are dependent on strategic leadership. "Strategic leadership demands the ability to make sound, reasoned decisions

The Benefits Of Radical Inovation In ‘Architectural Innovation'

636 words - 3 pages consequences of architectural innovation. Using the photolithographic industry, the authors presented the frequent changes in market leadership throughout the history of this industry due to a seemingly minor innovation by new firms. These events effectively illustrated the importance of identifying and responding to this less apparent form of innovation. Regardless of whether a new firm or established one, the failure to identify architectural