Innovation Management Subject

Please the questions must be perfectly answered

Answers must be long and not less than one and half page for each please

Question 1 Frederick Winslow Taylor, arguably the most important management innovator of the twentieth century, is usually portrayed as a hard-nosed engineer, intent on mechanizing work and pushing employees to the maximum. Stern he may have been, but Taylor's single-minded devotion to efficiency stemmed from his conviction that it was iniquitous to waste an hour of human labor when a task could be redesigned to be performed with less effort. This passion for multiplying the impact of human endeavor shines through in Taylor's introduction to his 1911 opus, The Principles of Scientific Management: "We can see and feel the waste of material things. Awkward, inefficient, or ill-directed movements of men, however, leave nothing visible or tangible behind them. Their appreciation calls for an act of memory, an effort of the imagination. And for this reason, even though our daily loss from this source is greater than from our waste of material things, the one has stirred us deeply, while the other has moved us but little." Explain Frederick Taylor approach in managing innovation based on current industrial management perspectives. (10 marks) Question 2 Innovation refers to the introduction of a new good or a new quality of a good, method of production, market, source of supply, and organization in an industry. It also refers to improving on an existing concept or idea using a step-wise process to create a commercially viable product. Explain innovation management as company sustainable competitive advantage based on SRI's Five Disciplines of Innovation principles. (10 marks) Question 3 Every day, companies bet millions of dollars on risky initiatives: new products, new ad campaigns, new factories, big mergers, and so on. History suggests that many projects will fail to deliver their expected returns. Innovation in management principles and processes can create long-lasting advantage and produce dramatic shifts in competitive position. Over the past 100 years, management innovation, more than any other kind of innovation, has allowed companies to cross new performance thresholds. Explain process of innovation management from industrial operation strategy for company sustainable competitive advantages