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Post by kristendodd1 on May 6, 2014 19:15:02 GMT -6
I do agree with Tom Peters, big companies should innovate. In order to keep their customers they must keep changing with new ideas. Although, companies do not want to take on risk with innovation so some large companies will want to improve on what they already have. Microsoft is a good example that he gives with this. Microsoft just changes their products every so often instead of all the time.
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Post by brandonnajolia on May 7, 2014 18:06:09 GMT -6
I could honestly see that big companies do not take big risks or try to renovate their company. I think that once the company is in the maturity stage, they are trying to keep the company safe and keep the performance where it is at rather than trying to take a big risk and wind up plummeting the company and its products into an early decline stage or even death of the company overall. It is important to keep your company stable and not do anything stupid in order to be successful. I can understand completely why large companies when they stabilize wind up buying out smaller upcoming companies and reaping the benefits of another’s successful risk.
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Post by robertnicholson on May 8, 2014 11:12:52 GMT -6
This post is all about learning from your mistakes and not letting them get your down. I have failed a lot, in fact all the time. Regardless of doing so I’ve still managed to move forward on anything that was actually worth it. I’ve found that the problem with most people is that they already assume that something can’t be done and give up before they ever try. For instance: have you ever been to some sort of meeting and everyone is standing outside of the room. You ask why there all doing so and they tell you because the door is locked. A lot of times the door isn’t and they all just saw one person standing outside and assumed.
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Post by Shondrea Lovette on May 10, 2014 21:35:41 GMT -6
Big companies love merger and expansion and many time company merge or buy out companies to increase there selling power. This sometimes is good and sometimes is bad. Because swelling in business can lead to dead weight with excess inventory that is not selling and healthy growth is a on going pattern of sales and slow growth which isn't always bad. Big business love making a profit but before making hasty decision such as expansion a business should count the cost that is at hand.
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Post by spencer ragas on May 12, 2014 13:16:38 GMT -6
Social media is a huge innovative change in the business world, so businesses should get their name out on social media so that they stay current and stay connected with their customers, as well as reach out to future customers. I also agree with the point that he said Apple will no longer be relevant in 20 years. I find that to be true because in the smartphone market, they are not as technologically innovative as the other smartphone companies.
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Post by jodiemalley on May 12, 2014 20:57:25 GMT -6
I agree that large companies are more hesitant to change and innovate. It could be the cost of change-including having to retrain employees, having to change production, and there is alway the risk associated with innovation. Larger companies tend to function best in a well organized habitual environments.
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Post by paigecrawford on May 13, 2014 10:57:27 GMT -6
Innovation can be a major key to success in today's world. The world is changing 90 to nothing these days with technology. In order to stay on top, big companies have to change with the environment. I think it is important for big companies who have been around for a long time to not forget who they are and why they started. And then use current technology to their advantage. Many times companies who have been doing it a certain way for a long time can look at technologies as unimportant, but the key is to stay with your core values and use technology to enhance.
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Post by jgilhaus on May 13, 2014 12:30:41 GMT -6
Innovation can be very tricky. Sometimes an idea can seem very good, but executing it can be time consuming and expensive. Big companies often have many creatives employees with good ideas, but it is difficult to weed out the not-so-good ideas (and do it without hurting feelings or egos). While many employees are often in one position and rarely move around, this is normally because the company finds that this is an efficient and effective way to conduct business. Many employees that do have good ideas normally branch out and somehow find a way to execute their "good idea." This is where the market comes in and determines whether the idea really was a good one or not.
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