Discuss the background study of Technology innovation and why and how it manages recent global markets...
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Discuss the background study of Technology innovation and why and how it manages recent global markets throughout any business industry. Demonstrate and discuss the various Technologies adoption and diffusion in the recent business management domestically and globally. State the best sources of innovation and why & how a company can develop connectivity of innovation while selecting any innovative projects, if any example from a selective industry, for better business growth. Justify the current validity of Technological involvement that influences International Trade at the global level and why & how you would recommend future technological updates in life and business. Question [5] Case Study: IBM 10 IBM s strategy has become to deliver products on demand. In other words, they want to create technologies, products, and services that meet their customer's needs better and faster than any of their competitors. To accomplish this, IBM has increased its information gathering with customers and implemented a set of software application acquisitions. The firm has always had good creative ability. However, that ability has not always been focused on consumers. As a result, today, researchers spend as much as 25 percent of their time with customers. One means of R&D customer collaborations is through IBM s two Industry Solutions Laboratories in Hawthorne, New York, and Zurich, Switzerland. A customer will come to one of these facilities for a day, hear presentations by IBM scientists, and have a collaborative dialogue on specific business issues and demonstrations of key strategic technologies. The second thrust for IBM means it is now the second largest software company (behind Microsoft). IBM dominates middleware brands with Lotus, Tivoli, WebSphere, Rational, and DB2 database businesses. Required Questions need to be answered. a) Do you think these approaches will help IBM create a competitive advantage? Why or why not? b) If you were with a competitor, how would you respond to IBM's two-pronged strategy? Question [6] Case Study: DuPont 10 Although DuPont has been very active in the internal development of technology, it has also relied extensively on external means to obtain innovation and technology. The firm made its first acquisition in 1859. The coal industry at this time used a great deal of gunpowder to break up coal seams in the mine. The miners would then haul out the dislodged pieces of coal after such a blast. The movement of the powder from the Delaware factory to the coalfields of Pennsylvania was expensive. Therefore, in 1859, DuPont bought explosives mill that was close to the coalmines of the time from Parrish, Silver & Company for $35,000. After purchasing the mill, DuPont upgraded the facilities to make it a state-of-the-art mill. Later DuPont did not want to be limited to business in the United States. Therefore, in 1910, it purchased a Chilean mine and formed the DuPont Nitrate Company. The firm produced nitric acid for the manufacture of smokeless gunpowder. The firm continued its expansion in South America in the early 1920s by joining with other firms to form the Compania Sud- Americana de Explosives at Rio Loa, Chile. Alliances were also a critical means of expansion into Europe. In 1929, DuPont and ICI from Great Britain formed an alliance to share information about patents and research. The firms also agreed not to compete in certain geographical territories and established successful joint ventures in Canada, Argentina, and Brazil. DuPont also continued its external efforts to obtain technology in the early part of the last century by purchasing specific products. Cellophane was invented in Switzerland and it was first produced commercially there in 1912. DuPont acquired the U.S. patent rights in 1923. The company continued to improve this product, and by 1938, various cellophane products accounted for more than 25 percent of the firm s revenues. In 1928, the firm bought Grasselli Chemical Company, one of the largest U.S. chemical companies of the time to help support its various operations. The firm then diversified further when it bought Remington Arms Company in 1933. In 1969, DuPont bought Endo Laboratories to enter the consumer pharmaceuticals market. Eight years later, DuPont Pharmaceuticals and Merck formed a joint venture known as the DuPont Merck Pharmaceuticals Company. In 1972, the firm bought Berg Electronics to enter consumer electronics, and in 1981, it bought Conoco Oil Company. Thus, throughout its history. DuPont has used a wide variety of external means to obtain firms and products. In recent years, the pattern of active external methods of Solve the following all questions & Case Studies: There would be a conceptual Answer which is based on open book and you must not copy from book, the internet or your friends and answer should be unique and authentic which you can only create with your own knowledge and research, otherwise same answer would be reduced your marks from your allocated marks increasing innovative capability through the acquisition of technology has continued. In 1996, the firm formed a joint venture with Dow Chemical Company called DuPont Dow Elastomers. This joint venture offers a wide variety of products ranging from thermoset rubber polymers used by the general rubber industry to high- performance fluoroelastomers used by the chemical processing and automotive industries. At the end of the twentieth century, DuPont bought Pioneer Hi-Bred International to integrate agricultural biology into the company s science and technology base. The firm s last major purchase was in 2004 when it bought VERDIA, which specializes in genetically modified plants. These external efforts to obtain technology, whether through alliances such as joint ventures or through mergers and acquisitions, are only a partial list of the wide range of activities conducted by DuPont. However, this partial list demonstrates a strong pattern by the firm to employ external methods to obtain innovation capability or technology. Today, Du Pont is focusing on building on the technology and skills it acquired in its external efforts as it seeks to address specific global trends it has predicted for business; the move from petroleum to bio-fuels and the need for home and commercial security products. a) Evaluate the benefits has DuPont gained from its pattern of acquisitions. Administratively? Technically? Product? Process? b) Besides the potential benefits discussed, what else did DuPont probably gain? Are there potential losses it should guard against? With reference to the above case study. Discuss the background study of Technology innovation and why and how it manages recent global markets throughout any business industry. Demonstrate and discuss the various Technologies adoption and diffusion in the recent business management domestically and globally. State the best sources of innovation and why & how a company can develop connectivity of innovation while selecting any innovative projects, if any example from a selective industry, for better business growth. Justify the current validity of Technological involvement that influences International Trade at the global level and why & how you would recommend future technological updates in life and business. Question [5] Case Study: IBM 10 IBM s strategy has become to deliver products on demand. In other words, they want to create technologies, products, and services that meet their customer's needs better and faster than any of their competitors. To accomplish this, IBM has increased its information gathering with customers and implemented a set of software application acquisitions. The firm has always had good creative ability. However, that ability has not always been focused on consumers. As a result, today, researchers spend as much as 25 percent of their time with customers. One means of R&D customer collaborations is through IBM s two Industry Solutions Laboratories in Hawthorne, New York, and Zurich, Switzerland. A customer will come to one of these facilities for a day, hear presentations by IBM scientists, and have a collaborative dialogue on specific business issues and demonstrations of key strategic technologies. The second thrust for IBM means it is now the second largest software company (behind Microsoft). IBM dominates middleware brands with Lotus, Tivoli, WebSphere, Rational, and DB2 database businesses. Required Questions need to be answered. a) Do you think these approaches will help IBM create a competitive advantage? Why or why not? b) If you were with a competitor, how would you respond to IBM's two-pronged strategy? Question [6] Case Study: DuPont 10 Although DuPont has been very active in the internal development of technology, it has also relied extensively on external means to obtain innovation and technology. The firm made its first acquisition in 1859. The coal industry at this time used a great deal of gunpowder to break up coal seams in the mine. The miners would then haul out the dislodged pieces of coal after such a blast. The movement of the powder from the Delaware factory to the coalfields of Pennsylvania was expensive. Therefore, in 1859, DuPont bought explosives mill that was close to the coalmines of the time from Parrish, Silver & Company for $35,000. After purchasing the mill, DuPont upgraded the facilities to make it a state-of-the-art mill. Later DuPont did not want to be limited to business in the United States. Therefore, in 1910, it purchased a Chilean mine and formed the DuPont Nitrate Company. The firm produced nitric acid for the manufacture of smokeless gunpowder. The firm continued its expansion in South America in the early 1920s by joining with other firms to form the Compania Sud- Americana de Explosives at Rio Loa, Chile. Alliances were also a critical means of expansion into Europe. In 1929, DuPont and ICI from Great Britain formed an alliance to share information about patents and research. The firms also agreed not to compete in certain geographical territories and established successful joint ventures in Canada, Argentina, and Brazil. DuPont also continued its external efforts to obtain technology in the early part of the last century by purchasing specific products. Cellophane was invented in Switzerland and it was first produced commercially there in 1912. DuPont acquired the U.S. patent rights in 1923. The company continued to improve this product, and by 1938, various cellophane products accounted for more than 25 percent of the firm s revenues. In 1928, the firm bought Grasselli Chemical Company, one of the largest U.S. chemical companies of the time to help support its various operations. The firm then diversified further when it bought Remington Arms Company in 1933. In 1969, DuPont bought Endo Laboratories to enter the consumer pharmaceuticals market. Eight years later, DuPont Pharmaceuticals and Merck formed a joint venture known as the DuPont Merck Pharmaceuticals Company. In 1972, the firm bought Berg Electronics to enter consumer electronics, and in 1981, it bought Conoco Oil Company. Thus, throughout its history. DuPont has used a wide variety of external means to obtain firms and products. In recent years, the pattern of active external methods of Solve the following all questions & Case Studies: There would be a conceptual Answer which is based on open book and you must not copy from book, the internet or your friends and answer should be unique and authentic which you can only create with your own knowledge and research, otherwise same answer would be reduced your marks from your allocated marks increasing innovative capability through the acquisition of technology has continued. In 1996, the firm formed a joint venture with Dow Chemical Company called DuPont Dow Elastomers. This joint venture offers a wide variety of products ranging from thermoset rubber polymers used by the general rubber industry to high- performance fluoroelastomers used by the chemical processing and automotive industries. At the end of the twentieth century, DuPont bought Pioneer Hi-Bred International to integrate agricultural biology into the company s science and technology base. The firm s last major purchase was in 2004 when it bought VERDIA, which specializes in genetically modified plants. These external efforts to obtain technology, whether through alliances such as joint ventures or through mergers and acquisitions, are only a partial list of the wide range of activities conducted by DuPont. However, this partial list demonstrates a strong pattern by the firm to employ external methods to obtain innovation capability or technology. Today, Du Pont is focusing on building on the technology and skills it acquired in its external efforts as it seeks to address specific global trends it has predicted for business; the move from petroleum to bio-fuels and the need for home and commercial security products. a) Evaluate the benefits has DuPont gained from its pattern of acquisitions. Administratively? Technically? Product? Process? b) Besides the potential benefits discussed, what else did DuPont probably gain? Are there potential losses it should guard against? With reference to the above case study.
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