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Challenges of Implementing Innovation Strategies at Large Organizations: A case of Lotte Group
(2023)
For many decades, one of the most important focuses of research has been on determining whether or not there is a correlation between the size of an organization and its level of innovation. Unlike small companies, large companies often have well-established structure that are hard to change and change managements seems to be much more difficult especially related to innovation. Nevertheless, there are many examples to prove the opposites. Some large organization like Apple, Amazon... always show great innovation efforts and keep changing in a much positive way. Therefore, the aim of this thesis is to discuss of how large organization can be able to implement innovation when having much drawbacks compare to SMEs. Through the use of a qualitative research approach, researcher was able to explore essential information on the innovation strategies that large companies are using in order to innovate and how they could overcome existing challenges by studying the working process of Lotte Group – one of the biggest companies in Korea.
Digitalisation and further media development are core processes of the current digital age. In order for companies to benefit from technical progress, their employees must have or are expected to acquire the relevant skills. Companies therefore are faced with the task of not being overwhelmed with the mass of innovations and opportunities and, in the best-case scenario, of being able to use them to improve their own performance.
Small and medium-sized enterprises represent 99% of all enterprises in Germany. Though, it has not been further established, how the majority of small enterprises and their employees participate in this development. The research question therefore consists of two parts. On the one hand: "Is the promotion of employees' skills taken care of in micro-enterprises?" and on the other hand: "Where are the opportunities and challenges for companies of this size?”
In order to answer the research question, a qualitative research method was used, the guideline-based interview. The interviewed companies were all in the media and IT sector. Thus, the recorded and transcribed data provided a real insight into the current situation in micro-enterprises.
The responses to the interviews showed that companies with very small numbers of employees are more dependent on their employees than others. So, the commitment of the employees is decisive for the success of the company itself. It is the management's task to promote this and ensure employee satisfaction.
Companies that pay more attention to employee development are therefore more recommendable for career starters who need and/or want to develop themselves and their entire horizon of experience.
Digital Transformation is a main enabler for technological change in today’s society and corporate structures. Companies of all sizes have to face up the change. The com-plexity of the innovations is constantly growing. More and more information and knowledge are needed to build a basis for renewal. Different capabilities, such as highly qualified employees, material resources and the correct handling with these information, constitute the background for the advancement. Compared to large companies, small and medium sized companies (SMEs) are struggling more with these circum-stances. This leaves potential capabilities to optimize daily routines unused.
Challenges here are different internal and external barriers. Examples for that are the lack of IT expertise and innovation culture. Hence it is very important, to show SMEs the advantages of the innovation process within the scope of digital transformation. Cost savings, improvement of IT infrastructure or optimization of their business processes, are drivers that should be adopted in the awareness of SMEs.
Recommendations for action are needed, also with the support of information management. This includes information management, strategic management for external an internal information and the selection of an appropriate IT infrastructure. However dynamic management skills and sufficient IT expertise also complement the digitization process.
This becomes clear from the literature analysis following the principles of Webster and Watson (2002). The Concept mapping and the concept matrix serves to support the process. They are presenting the key words and showing the most important works of the bachelor thesis. The argumentation of the bachelor thesis based on this.
FinTech is deemed to be an underexplored phenomenon even in academic and real environments. Among (1) “Sustainable FinTech” – the application of information technology as innovation in established financial services providers’ business operation; and (2) “Disruptive FinTech” – the provision of financial products and services by non-incumbents which in most cases are information technology entrepreneurs, the former receives more attention. In order to contribute to Disruptive FinTech category, the thesis strive to examine Entrepreneurial Strategy framework applied for technology players taking part in Vietnam financial market.
Digital Transformation Maturity of Vietnam Aviation Industry: The Effect of Organizational Readiness
(2023)
The paper studies the digital transformation maturity in the context of the aviation industry in Vietnam. Digital transformation can mean enhancing existing processes, finding new opportunities within existing business domains, or finding new opportunities outside existing business domains. In the era of post Covid-19, digital transformation will play a vital role in the recovery with the support from digital technology to leverage the communication and implementation of new projects or changes.
Digital transformation and digital transformation maturity sometimes are used indistinguishing, but they are two different definitions. This paper will further explain the differences and will apply digital transformation maturity as a scale for the digital transformation in the report.
Due to the lack of experiment in the relationship between digital transformation maturity and the organizational readiness, the study will explore four components of organizational readiness, including digital leadership, digital culture, digital capabilities, and digital partnering.
The paper is a study focusing on exploring which factors and examining the impact of those factors influencing the entrepreneurial intention among students in the Construction industry, specifically among students of Hanoi Construction University and Hanoi Architecture University. The study also mentions some solution of this findings for entrepreneurship in the Construction field in Vietnam that the author might think of based on this research work for future study. The Theory of planned behavior is used as the theoritical framework for this study. Both qualitative and quantitative methods are employed. The questionaire will be conducted among students of the two universities mentioned above. Then, an exploratory factor analysis (EFA) will performed to test the validity of the constructs. The research findings provide factors and their impact factors influencing the entrepreneurial intention and propose some solutions to improve the entrepreneurship in the Construction field in Vietnam.
Digital transformation is a prevailing trend in the world, especially in dynamic Asia. Vietnam has recorded remarkable changes in the economy as domestic enterprises have made new strides in the digital transformation process. MB Bank, one of the prestigious financial groups in Vietnam, also takes advantage of digital transformation to have the opportunity to break through to become a large-scale technology enterprise with many factors such as improving customer experience, increasing customer base and increasing customer satisfaction. enhance competitiveness, build trust and loyalty for customers. However, in the process of converting MB, there are also many challenges that require banks to have appropriate policies to handle. It can be said that MB Bank is a typical case study of digital transformation in the banking sector in Vietnam.
Innovation can help a forward-looking company to rise up very quickly, furthermore, innovative products and services bring a company to a stage where it can win new segments of customers and be ahead of the competition. For their innovation process, the companies can distinguish between open and closed innovation. In this case, we will focus on open innovation and how companies share their innovation processes for the benefit of the company. They use information and innovation systems to define their innovation process, as well as, track innovative ideas and the phase of their development. There are always pros and cons when it comes to open innovation processes in an organization. We will try to look at certain examples in the business world to illustrate how good or bad an open innovation process can be for a company. In this Bachelor thesis, we will try to point out the essential criteria for an open innovation process and illustrate companies which have used open innovation processes. In some cases it went successfully and for some companies it went unsuccessfully.
The subject of this thesis was to analyse the involvement of classical creativity techniques and IT tools in different phases of the innovation process. In addition, the present work deals with the integration of Design Thinking and TRIZ into the innovation process. The aim was to define a specific innovation process based on diverse existing Innovation process models from the literature. This specific innovation process should serve as a basis for the analysis of integration of creativity techniques, IT tools, Design Thinking and TRIZ. Summarizing it can be said that the application of creativity techniques and IT Tools is admissible and useful in every phase of the innovation process. In this work it was shown that the design thinking method can be integrated in the early stages of the innovation process. Also, the process model of TRIZ, which differs from traditional innovation processes, can be combined with classical innovation processes.
The goal of this master thesis was to develop a CRM system for the Assist team of CompuGroup Medical that is aiding in integrating open innovation into the development of the Minerva 2.0 software. To achieve this, CRM methodology has been combined with Social Networking Systems, following the research of Lin and Chen (2010, pp. 11 – 30). To achieve the predefined goals literature has been analyzed on how to successfully im- plement a CRM system as well as an online community. Subsequently the results have been applied to the development of the Minerva Community according to the guidelines of Design Science suggested by Hevner et al. (2004, pp. 75 – 104). The finished product is designed based on customer and management requirements and evaluated from a customer and company perspective.
