Management annotated bibliography Essay Example for Free

Management annotated bibliography EssayThe purpose of this paper is to provide an annotated bibliography of three articles that deal with fundament and strategic management. And will include a review from the authors perspective on flowing trends being shaped by vicissitude and specific aspects of innovation influencing strategic management.Innovation strategy 4 key tactics of top growth companiesThe article covers the four practices of successful growth. Finding the next S-curve, argument on customers, think like a designer, and lead the way are the four areas that are center on. The practice of finding the next S-curve explains that innovation has a time window, and is instanter related to revenue. With continuous innovation, a companys chance of hitting and staying within the window increases dramatically. The practice of extend on customers directly relates to gaining an understanding of the customer. It points out tools to use, such as creating a customer empathy map . Lean on customers constrains a lean approach to product innovation.The think like a designer practice involves using innovation to create new options. This includes using Blue Ocean Strategy which is the search for uncontested market space and the business sector model stoogevas which is the nine building blocks for business. The lead the way practice involves making innovation a priority and those innovative leaders should be role models. Current innovative companies are used as examples for each practice. These include Amazon, Apple, IBM, and Starbucks (Power, 2014-15).Elements of a successful innovation roadmapThis article covers innovation with Rapid Innovation bout (RIC). RIC leads to a higher success rate, by showing a repeatable process. It is anintroduction to a be given shop. Product, business models, and processes can benefit from this road map. The rapid innovation cycle has four builds. Phase virtuoso is define and scope the innovation opportunity, phase two is d iscover new ideas, phase three obtain and design concepts for experimentation, and phase four is demonstrate the innovation through piloting and prototyping.The define phase detail the way to define and scope an innovation. This is from the customers perspective and saves valuable time and energy. The discovery phase details ways of exploring ideas to solve the issues that came to light in the define phase. The develop phase shows ways of underdeveloped the ideas that came from the discovery phase. The demonstrate phase turns the ideas from the development phase into simulations or working prototypes. By side by side(p) the incontrovertible roadmap, companies can innovate with little to no waste (Samuel, 2013). Using Global insights to drive local innovationThis article shows a strategy to gain innovation by looking at trends and insights on a global level. By learning what trends are emerging and what global consumers behaviors are, provides important insights to meet consumer s needs. both important areas to focus on are the customers experience and lifestyle focus. The consumers boilers suit satisfaction is a key element, and products need to fulfill a wide array of lifestyles and interests. By following and anticipating these trends, companies can focus their innovation efforts to fulfill these needs (Capercini, 2013).Authors reviewInnovation is a key factor in any business. With the information age moving and advancing as spendthrift as it is, companies have to be proactive to keep up. Part of strategic management is innovation this includes having a plan, developing new ways to do business, and new or better products and services. Not paying maintenance to global as well as local trends could have catastrophic consequences on a business. It is up management to lead the way and be role models. By finding uncontested market space, companies can have the advantage over competitors.ReferencesCapercini, R. (2013). Innovation Management.se. Retrieved f rom http//www.innovationmanagement.se/2014/10/28/using-global-insights-to-drive-local-innovation/ Power, D. (2014-15). Harvard division of continuing education captain Development. Retrieved from http//www.dce.harvard.edu/professional/blog/innovation-strategy-4-key-tactics-top-growth-companies Samuel, Dr. P. (2013). Innovation Management.se. Retrieved from http//www.innovationmanagement.se/2014/11/10/elements-of-a-successful-innovation-roadmap/