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Growth Through Inequity and Key Performance Indicators Essay Example

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Growth Through Inequity and Key Performance Indicators

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Growth Through Inequity and Key Performance Indicators. At the same time, remains proactive in encouraging all workers to come up with new ideal processes, which makes the organization active in developing new products on the market. The company produces goods with customer requirements in mind. This enables it to provide various solutions to customer needs around the globe. In developing the goods, it starts with focusing on customer requirements then make decisions on the products to manufacture (Cassingena & Georghiou 2005). This makes the company produce goods that are ready to fit in the existing market as customers come looking for them once they appear on the market.Several factors determine innovation strategies of an organization such as 3ms. First, extend of technical knowhow of the staff plays a great role in making innovation strategies.

This makes clear on which innovations will be taking place in the organization. Secondly, customer requirement is another great factor that plays a role in determining the nature of innovations taking place in an organization. Certain changes may occur in the nature of production to suit the demands of customers thus marking innovation a strategy that can fulfill both customers and the organizations needs. The other very important factor that plays a role in innovation is the availability of raw materials. For instance, the 3ms had great problems during its initial stages due to depletion of minerals. This caused them great damage almost getting to the end of its operations. It is quite important to have natural resources and other required raw materials for proper innovation to take place in manufacturing of products (Cassingena & Georghiou 2005).The demand of air conditioning and cooling is greatly increasing at a very fast rate. A car is an example of equipment that requires cooling system and it started back in twenty years ago. The luxury cars were the only ones that had such equipment like an air conditioner (A/C) component in Saudi Arabia. Currently most of medium sized and increasing part of compact vehicles provides comfort of air-conditioning inform of a standard alternative. Ninety percent of new cars sold from Saudi Arabia and some few Middle East countries have A/C with them while other nations in the region are on their way to include A/C in manufacturing the new cars with the same features. Built environment also require the cooling system to keep the temperatures at their normal rates. As. Growth Through Inequity and Key Performance Indicators.

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Bibliography

Cassingena Harper J & Georghiou L. 2005, Foresight in Innovation Policy: Shared Visions for a Science Park and Business-University Links in a City Region, Technology Analysis & Strategic Management 17 (2), 147-160.

Chesbrough H. 2003, Open Innovation: The New Imperative for Creating and Profiting from Technology. Boston: Harvard Business School Press.

Eckerson, W. 2006, Performance Dashboards: Measuring, Monitoring, and Managing Your Business, New Jersey: John Wiley & Sons, Inc.,

Parmenter, D. 2007, Key Performance Indicators: Developing, Implementing, and Using Winning KPIs, New Jersey: John Wiley & Sons, Inc.,

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