Threats to Innovation
Discuss about the Strategic Innovation in Synthesis of Complex.
The complicated and quite complex medical checks up that have been involving the incorporation of numerous medical appliances as well as very many health caregivers in almost every other medical facility in the entire world have been made easy by the recent technological developments within the Mutec organization. Only a handful of personnel is needed in the performance of these complex medical checkups that revolve around ailments and infirmities such as diabetes as well as skin diseases. With such an elaborate exposure, the Mutec health care facility is with no doubt scaling the heights of the diverse and highly competitive business world. This, however, has greatly costed the business entity quite an elaborate and substantial amount of money as such technological developments require a lot of financial resources so as to achieve the intended set goals and objective of this business entity (Assudani, 2015, p.100).
As mentioned earlier on, this medical firm has expansively and extremely embraced the use of the current technology in the recent past so to elaborately and effectively establish its relevance and dominance in the highly competitive business world. The realization and perfect manifestation of this prowess in the innovation arena has not however been a walk in the park as numerous adjustments and changes have been inevitable and forthcoming within the safe confines of the entire global organization. These changes have been greatly and effectively felt by the management department as a new supervisory team had to be introduced and efficiently established with the sole purpose of introducing and firmly embracing the current technology. An innovation team that has been entirely independent of other departments within the organization has already been developed and established and has greatly been effective and efficient in the development of unique medical appliances that have served the appropriate purpose of propelling the business entity towards the heights of the business world. This independent body, however, reports to the overall chief executive officer of the entire organization. There are several innovation threats within the organization that on numerous occasions serve the purpose of derailing the elaborate operations of the entire business entity (Brook, Pagnanelli, 2014, p.50).
One such threat revolves around the idea of the availability of numerous conflicting theoretical predictions within the organization. These very many wrong predictions at times result to the demotivation of the members within the innovation team. This lack of zeal and fervency can at times result in poor performance that greatly affects the general overall performance of the entire organization. These unforthcoming scientific and innovative predictions are normally and most of the times associated to the tremendous knowledge gaps that the company at times experiences due to the inexperience and lack of elaborate expertise of the newest members within the organization. This on the furthest end results to theoretical inconsistencies that on numerous occasions serve the purpose of derailing the overall performance and productivity of the entire organization (Dehkordi, Davari, Ahmadi, 2014, p.370).
Business Opportunities
With regard to the company’s intended and targeted market, numerous opportunities are forthcoming that serve the purpose of guiding the organization in the actual direction to assume and take as far as innovation is concerned. As mentioned earlier in the report, numerous complex medical checkups encompass very many activities that are normally time-consuming and on the longer end serve the purpose of diminishing the client’s pockets to the drain making it difficult and closing out the majority of them from decent healthcare services. This has prompted the firm towards embracing perfectly this current technology and work towards the development of a robot like a machine that serves the idea of performing elaborate and numerous medical checkups within a short period of time and at the same time charging a very affordable price. This advanced technological development will serve the purpose of maximizing to the fullest and to the maximum the opportunity of offering affordable services to the intended target market (Dogan, 2017, p.295).
The other elaborate business opportunity that the company purposes to fully and maximumly exploit revolves around the weaknesses that the other competitor’s companies vividly and outrightly exhibit. For instance, with most of these competing companies, there are not elaborate plans with regard to the development of implants that serve the purpose of medicine. These medical implantations will result to the involved patients’ not using medicine for the rest of their lives so long as the identified disease by the company has been diminished and completely eliminated within the patient’s body system. With regard to these elaborate health care implantations, other foreign devices will be introduced to compliment them making sure that their intended purposes prevail effectively and efficiently both for the good of the patients as well the general and overall well-being of the entire organization. The embracing of these elaborate business opportunities as explained earlier on will be made perfect by the elaborate and thorough use of the already developed technological devices within the diverse confines of this global medical giant entity (Grillitsch, Hansen, Coenen, et al, 2018, p.200).
The innovation framework used in this particular scenario revolves around the elaborate incorporation of resources, people, tools and effective processes. This efficient resource power works hand in hand with the overall corporate strategy team of the entire organization so as to make sure that the desired results that are in line with the set goals and objectives have been comprehensively achieved within a given period of time. The perfect realization and eventual manifestation of the various elements of innovation within the company will with no doubt be achieved with the elaborate use of the social media as a tool. Effective and well-founded collaborations with other organizations with a similar agenda can take place with the eventuality of combined efforts that will result to the general good of all the involved business entities (Kasemsap, 2014, p.110).
Innovation Framework
The overall analysis of the medical industry has a great influence and impact with regard to the development of the various items of innovation within the entire organization. The client needs that are most of the times addressed by the industry will greatly serve the purpose of influencing the innovation development. The market that this industry brings to light will also tremendously influence the creations and developments of the Mutec health caregivers. The new technologies and elements of digitization that the overall medical industry within Georgia City as well as the uttermost parts of the world will also serve the purpose of greatly influencing the company’s creation and innovations within the projected period of time (Korhonen, 2017, p.150).
The political scenario locally, nationally as well as internationally will greatly influence and impact the innovative developments within this global medical giant. The tax policies, as well as the trade tariffs, will either work for the good of the medical company or against it. With regard to the economic factor especially with the elaborate and quite significant issue of inflation, substantial effects are greatly experienced by the involved organization. Economic growth rate, as well as the foreign exchange domain, will either work for the general good of the company or against it. Cultural trends accompanied by the elaborate demographics will give the business franchise a heads up along the line of the numerous innovative establishments that the company ought to bring to light. The diverse and profound technological innovations have also to be taken into strong consideration as they with no doubt have extensive and comprehensive impacts on the creation and tremendous development of the proposed unique medical implantations (Kim, 2016, p.30).
With the legal bit of analysis with regard to the establishment of the potential innovations and creations within the organization, close scrutiny will have to be comprehensively rolled into play for the general overall good of the business entity. The several regulations of the involved government where the business has been established will result to an elaborate scrutiny from different angles of course by the involved members within the organization so as to make sure that all the creations and innovative developments are in line with all these legal requirements. The environmental factors will also be put under close scrutiny so as to have an elaborate oversight of their impact on the proposed creations and innovations of the involved organizations. This consideration goes on to include the climate, geographical location and other elaborate environmental offsets that cannot be taken for a ride (Kim, 2016, p.95).
Influence of Industry and Environment
The tremendous rise of competition from the esteemed rival companies has served the purpose of reviving the Mutec’s projections with regard to elaborate creations and innovative developments so as to be at par with the trending medical giants both locally and internationally. The company has an elaborate plan and outline that has to do with the critical analysis of the potential areas of investment that will greatly bring a tremendous income to the organization within a given period of time. For instance, with the longer term breakthrough ideas, the utmost creation and development of the smart beds will be rolled perfectly into action. These smart beds will serve the unique purpose of the eventual treatment of the bed ulcers that are normally associated with the bedridden patients. These beds will have an inbuilt software development that will be gently turning the bedridden patients gently and over a given period of time without any close monitoring from any given health caregiver. These innovative developments are one of a kind as there has never been such a type of bed and this unique innovation, in the long run, will greatly improve and affect the company’s general income (Lee, Olson, 2016, p.85).
With regard to the McKinley’s strategy of innovation development, elaborate targets have been effectively and efficiently established by the Mutec health caregivers. These innovative targets in the name of elaborate creations and technological developments will contribute greatly to the effective realization and manifestation of the company’s already set financial growth objectives. The organization purposes to register over half a million dollar by the end of the last quarter of the year 2018. This realistic and completely achievable projection into the future will be made possible by the elaborate development of the mild migraines medical implantation that is already being developed within the company’s facilities in Georgia City. Samples of this unique creation have already been tried out and the results experienced will greatly serve to fully satisfy and fulfill the common good of the patients with the migraines issues (Moutinho, Vargas-Sanchez, 2018, p.200).
The company has elaborate plans of establishing robotic innovative developments that will serve the purpose of undertaking numerous medical checkups for the highly esteemed clientele. These checks up have all along been quite cumbersome in terms of the tremendous time they take as well as the huge amount of money that some of them take to be carried out. Data storage with regard to the numerous patients served by the organization will be of high importance (Zhang, Luo, Yang, 2014, p.500).
This will result in the incorporation of the MACS framework that greatly deals with the effective and efficient storage of data. The stored data in the elaborate in-built systems that will be highly motivated by the Mac framework will work towards a further development that will revolve around the idea of creating an elaborate software development that will only be needing the fingerprint of the involved patients whose eventuality will be an effective unraveling of all the details of the esteemed clientele. Tests will be conducted with or without the client showing up on the business premises as all the required details will have already been derived from the close interaction of the client’s fingerprint. This elaborate form of convenience will greatly impact the entire organization in terms of an increase in the general income with regard to a stipulated period of time (Nieuwsma, Mulder, 2017, 2800).
The above outlined various forms of technological innovations developments carried out within the organization will greatly serve the purpose of scaling the entire organization to the highest levels of the medical industry. These innovative creations as cited earlier on are unique in their development as well as in the variety of services they offer in the most appropriate ways. These medical devices will use a lot of the organization’s income as explained by the numerical figures outlined by the financial department as well as the innovative team. This will call upon the entire administration department to take into consideration the outright shortcomings that are closely associated with all these technological developments. This will serve the purpose of getting the close and direct projection into the near future outlining the possible challenges that might be associated with these unique and numerous technological developments (Tidd, Bessant, 2014, p.200).
The recommendations, on the other hand, revolve around the idea of the incorporation of more developed programs within these unique innovations so as to get numerous services exhibited by these creations. For instance, the propelling idea behind the establishment of the smart beds is indeed a very smart one as it is one of a kind. However, elaborate adjustments with the purpose of developing a multi-purpose creation in the name of a bed should be forthcoming. These beds should not only be for the patients with the bed ulcers but also for the numerous other ones with closely related signs and symptoms. This will better the performance of the entire organization (Välikangas, Gibbert, 2015, p.95).
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