Leadershi in Business Essays

Leadershi in Business Essays Leadershi in Business Essay Leadershi in Business Essay Name Professor Course Date of Submission Leadership and Innovation Section A: Apple Inc. Why apple has been successful? Apple Inc. is the brain child of guru tech Steve Wozniak and Steve jobs. it was started in 1971 and since then, it has grown to be one of the world’s leading supplier of diverse telecommunication products. The company’s success is attributed to its abilities to remain highly competitive through its innovative business strategies (Davila, Epstein and Shelton 231). At Apple Inc. innovation increases customer and stakeholder satisfaction. Leadership in innovation at apple Inc. is responsible for its continued success in the world of telecommunications. Is there any systematic approach to innovation at apple? If yes, how would you characterize it? Can it be imitated? If no, why not? Innovation at apple inc. approaches innovation in a systematic way especially as it pertains to its manufacturing processes. The company’s design team is responsible for implementing innovative changes to its product design. It is not possible to imitate company’s innovativeness because its strategic approach targets at meeting specific needs of its customers. Imitating company’s innovations is not possible because the company has patent its processes inhibiting unfair imitation by a third party. We’ve been talking about innovation, and we’re now looking at Apple and its success. Where does innovation fit into that success? What is innovation at Apple? At Apple Inc. innovation is the main reason for its global success. It has designed more than five innovative products that have greatly impacted on the telecommunication world. The company has ensured great investment on innovation ensuring the company remains innovative in a highly dynamic business world. Innovation is the backbone of Apples Inc. success in the industry. What is the role of a CEO in charge of an organization dedicated to innovation? Does Steve Jobs fit within this definition? Is he something else: a Rock Star? Who makes him that? Compare him with other business leaders. CEOs play a significant role in imprinting fundamental personalities and skills. Steve Jobs was esponsible for being a charismatic leader with ambition on innovative technologies that he has passed into the company employees. His design sense is fundamental in guiding the company’s innovative strategies in design of its products. What would happen to Apple if Jobs left tomorrow? No impact, some impact or significant impact? Steve Jobs leaving Apple Inc. would have little or no effect on the company’s innovative operations. This is because the company under gui dance of its policies on innovation is able to mobilize its design teams to continue providing innovative product designs. Company employees are motivated and are trained to ensure their innovative ideas keep on benefiting the company in meeting market demands of telecommunication products. Section A: Nokia Case Study Sources of innovation at Nokia Company include its intellectual property, investment in its human capital to promote innovative ideas for the benefit of the company. Nokia has patented its innovative technologies that are essential in enhancing its innovative strategies in its processes, product design and services (Davila, Epstein and Shelton 125). Also, the company innovations are fostered by its investment on employees to motivate them to come up with innovative ideas that promote company innovations. Nokia leverages its innovations by encouraging exchange of ideas and information to promote company innovativeness. This company culture advocates employee training to enhance their innovative ideas. Intellectual property of the company is essential in creating foundation for continued stream of revenues and implementing of market dominance (Drucker 79). Patenting protects company innovative ideas essential for mergers and acquisitions. Intellectual property controls unfair exploitation of the company’s innovative technology. Leaders of the company can influence innovative designs by proving guidance and management strategies useful in enhancing sharing of information and ideas by employees. Davila, T. , Epstein, M. J and Shelton, R. Making Innovation Work: How to Manage It, Measure It, and Profit from It. Upper Saddle River, NJ: Wharton School Publishing. 2006. Print Drucker, P. F. Innovation and Entrepreneurship. New York, NY: Harpercollins. 2009. Print