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Post by susiekaz on Feb 19, 2014 17:34:29 GMT -6
This video was very interesting because when you think of big companies like Microsoft, you would think they are very innovative. In the beginning, I didn't understand what the speaker meant when he said big companies are conservative. As the video went on and he used examples, I understood and agreed with him. I can see how people would not want to work for companies who have been doing the same thing for decades and do not encourage new ideas. When I begin to look for my career, I hope to look at companies who are innovative and creative.
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Post by stephaniesmith on Feb 19, 2014 21:08:22 GMT -6
Not my favorite video. This man is very smart but for some reason when he speaks, I loose all respect for him. I can't even remember what he said to answer her questions. My opinion is that large companies can keep up the times and stay innovative as long as it serves the customer. They don't need to do it if it not necessary. Not everyone has to keep up with technology like it's the only thing that exist.
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Post by chelsearickett on Feb 21, 2014 0:50:25 GMT -6
Long term big company performance always ends. The longer in the database in terms of the stock market, the worse it performs. In a nutshell, this is because big companies, huge companies that have thousands of employees, require multiple people involved in decision making processes. It would be hard for these types of companies to change due to the fact that people don't like change. They become comfortable and feel safe and that's exactly what causes businesses in general to fail. They become so involved in their own company that they forget to compete, or they forget how to.
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Post by dnewson on Feb 21, 2014 19:17:44 GMT -6
Innovation within large companies are perhaps limited not only because they have the desire to want to remain conservative, but it could also be due to the cost it takes to make changes as well as the possibility that once the changes are made will it benefit the company positively or perhaps have a more negative effect.
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Post by jsherman on Feb 23, 2014 10:30:24 GMT -6
I totally understand where he is coming from. Something bold and new hitting the market isn't always best. I totally agree with him saying that Apple will be boring in the next few years because I am bored with it now. Sometimes you do have to be secretive with your next project or innovation because at the rate technology is going, we don't have enough time to fully enjoy the innovations that are out now and eventually humans will be obsolete.
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Post by jessweaver on Feb 23, 2014 18:11:25 GMT -6
I think most big companies are afraid of innovation. Like Tom Peters said in the video, once they get to a certain point where they are making a lot of money, they become conservative. I guess they have the idea of why fix what is not broken. However, if large companies want to keep their customers and compete with smaller businesses who are constantly innovating, then they need to be willing to try new things and innovate. Technology is evolving so fast that large companies, such as Apple and Microsoft, are constantly in competition trying to come up with next best thing that they are forgetting about the simple customers they have.
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Post by allisonschex on Feb 24, 2014 7:35:07 GMT -6
Sometimes its not the best thing to start something completely new. This might just be me but I don't like the way that Iphones are slowly changing to be more like the droid with every update. The saying "if its not broken, don't fix it" comes to mind because i feel like big companies want to always outdo themselves but sometimes customers like the simplicity of things. Another thing that comes to mind is Facebook, I cant tell you how many times ive heard people complaining that its not what it used to be, they have made it more complicated by adding so many different features that take away from what the website was intended to be in the first place.
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Post by Rosie on Feb 24, 2014 13:40:07 GMT -6
I think innovation in large companies depends on the saying, "if it's not broke, don't fix it". Many corporations, especially older corporations, do not feel the need to make changes. This is okay sometimes, but i feel it's important to adapt with the evolving times. Many aspects of operations, especially technology, is growing so rapidly that you need to be up to date on the changes. As Tom Peters says, if a situation is completely hopeless, you might as well try something new and interesting.
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Post by melanconcaitlin on Feb 25, 2014 11:22:43 GMT -6
One could say that big companies and innovation do not go hand in hand. Peters mentioned that having so many employees of a large company calls for little or no innovation. It is very difficult to be innovative in a company that is so well established and successful with what they have already done in the past. The past lays out the precedent for the future of large companies, with the exception of Apple. Apple is extremely innovative, but could be said not of the norm.
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Post by jimmykotter on Feb 25, 2014 13:00:59 GMT -6
here were talking about how large successful companies become less innovative. one thing he says is "the situation is going down anyway, we might as well do something interesting." this is the situation that many large companies find themselves in. they may have found success in the market with one product but eventually their sales will decrease as trends change. this is the time where the rubber meets the road and a large company will need to come up with new innovative ideas to keep their products state of the art.
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Post by jjohnson on Feb 26, 2014 14:21:53 GMT -6
Innovation can be a good thing, but it can also be very costly. Something that I notice I need to pay more attention to is the definition of innovation and efficiency. I will sometimes get these confused and think of them as the same thing. Innovation is an added/new concept or feature to something, but efficiency deals more with production or tasks. You can have innovation, but not have efficiency. On the other hand, you must have efficiency to have innovation, or at least that is my opinion.
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Deleted
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Post by Deleted on Feb 27, 2014 12:32:03 GMT -6
Larger companies are conservative. This can be seen with any larger corporation today. Why is this? Everyone around larger companies are conservative. The main goal of management is to increase shareholder wealth. Having a system that constantly changes cannot guarantee that profits will increase. This is why the conservative view kicks in. Workout view of the future, larger companies are less likely to innovate.
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Post by danielhutton on Feb 27, 2014 14:56:17 GMT -6
Even though innovation within a large company can seem fairly unrealistic and scary, it can lead to a plethora of opportunities that you might not have be able to achieve otherwise. The process of innovating is one that adapts and changes to help a business get better. During innovation a business address it's greatest needs and betters itself. It is especially important for large companies, I feel.
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klayne
Junior Member
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Post by klayne on Mar 4, 2014 21:43:06 GMT -6
This is a topic that I never really stopped to think about before, so I found it interesting. I think that on one hand it makes perfect sense that once you found a business model that is successful then keep to it, why change what is evidently working? However, if large companies fail to innovate won’t they just become outdated? There is the option of buying other companies in order to innovate, rather than innovating from within the company. I think I can apply this theory to my career by always staying current in my profession no matter how big of a name I make for myself. Whether it is me or a company, something needs to be always improving in order to stay competitive.
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Post by bleblanc on Mar 8, 2014 13:53:29 GMT -6
I think that large companies get stuck in a rut with products that they know work and sell well. Big companies try to be innovative, but that innovation is severely limited because of the focus on these cash cow products that the companies are known for. Many companies are not willing to take the necessary risks that innovation requires. The profits are just too stable with big companies for them to drastically change their products or business plans. This drives away innovative people from the company who feel like they are not being listened to.
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