Corning Incorporated : the Growth and Strategy Council

CORNING INCORPORATED: THE GROWTH AND STRATEGY COUNCIL Company Background : Corning Glass Works was founded in 1851 by Amory Houghton, in Somerville, Massachusetts. The company was known as Corning Glass Works until 1989, when it changed its name to Corning Incorporated. Corning Incorporated is an American manufacturer of glass, ceramics, and related materials, primarily for industrial and scientific applications. In 1998 Corning divested itself of its consumer lines of Corning Ware and Corelle tableware and Pyrex cookware.As of 2008 Corning had four business segments: Display Technologies, Environmental Technologies, Life Sciences, and Telecommunication. Innovation was the core of corning’s Identity, because coning is a science based company, Innovation is the engine for the company. Fact 1 : The Formed of Growth and Strategy Council Corning has formed the Growth and Strategy Council (GSC) in 2001 the core group member are CEO, COO, CTO, heads of research, development and engi neering and the head of HR. The role of GSC is varied from making decisions about pacing and investment, advising businesses on pricing strategy etc.The GSC is about establishing best practices and getting all innovation programs to the same level of rigor. Lesson learned 1: GSC as Change Agent Management. Corning needs to maintain their performance in a long term condition. It needs strategy and great people who involved and have willingness to improve the performance for sustainability. The individual or group that undertakes the task of initiating and managing change in an organization is known as a change agent and that what’s corning did when fomed GSC.In many innovative-driven companies, managers and employees alike are being trained to develop the needed skills to oversee change (Tschirky, 2011). My experience I am working at bank bjb which the ownership is 100 % by the government of west java province and Banten province. By 2010 the company had their IPO so some of t he ownership goes to public. And it makes change to the company business overall. To make the company keep sustain my company formed change agent management program that include the director, Groups head, and Branch Managers that made decision about varied company problems. Fact 2 : Corning’s Stage Gate Innovation ProcessInnovation at Corning followed what was called the ‘innovation recipe’ its involved the management that used Corning’s gate innovation process that’s are : Stage I : Gather Information, build knowledge Stage II : Determine feasibility Stage III : Test Practically Stage IV : Prove Profitability Stage V : Manage the life cycle Advancing to the next stage required meeting deliverables and advancing through the ‘Decision Diamond’ Lesson learned : Innovation as a Process and Philosphy For Corning Innovation was as much a set of principles as it was a process, innovation is about idea creation.Innovation at Corning also about being willing and able to take failed ideas and apply them elsewhere Innovation is much more than invention – the creation of a new idea and its reduction to practice and it includes all the activities required in the commercialization of new technologies (Freeman and Soete 1997) Others company experienced We can learned from 3M company that produce the product Post It from accident. A man named Spencer Silver who worked in the 3M research laboratories in 1970 was working on developing a strong adhesive to incorporate it to some of 3M’s current products.After some trial and error he finally developed an adhesive, but for his own disappointment, it was even weaker than what 3M already manufactured at the time. It stuck to things but could easily be lifted off. A couple of ants could lift it up. Then four years later, another 3M scientist named Arthur Fry was singing in his church’s choir. He used markers to keep in the hymnal but they kept falling out of the boo k. Then he remembered Silver’s weak adhesive and used to coat his markers. With the weak adhesive the markers stayed in place, yet lifted off without damaging the pages.Fact 3 : The Concept of Patient Money in Corning Key businesses Corning lost money for 14 years before becoming profitable in 1999. And optical fiber took 20 years to become profitable despite the hundreds millions of dollars the company invested during the 1960 – and 1970s. In 2001 the company approved the appropriations request for a $250 million new factory for the diesel business at a time when telecom business was crashing and the emission regulations for 2007 were not yet in place.Lesson learned : Sustainability investment on Technology Innovation . Innovation at corning meant being willing to make significant. Sustained investments knowing that the payback would likely be well into the future. Corning’s Emphasis on innovation and its long term outlook-made the company unique. Unlike conven tional investments in plant and equipment, which generally have declining returns over time, technological investments are argued to produce positive returns through creating new knowledge, options and opportunities (Arthur 1990). My ExperienceIn early 2011 bank bjb cooperate with western union to facilitate customers who wants to transfer their money to other countries. One of the problems sometimes the transfer didn’t get on time and many system failure. So to solve that problem bank bjb do the research to choose another vendor that more appropriate. Bank bjb also develop their own Information Technology system to create independent remittance to other countries. The result are bank bjb has cooperate with BNI in remittance and also will launch independent remittance system in 2013 that will serve customer better in the future.

Trying to be heard Assignment Example | Topics and Well Written Essays - 500 words

Trying to be heard - Assignment Example Consequent to this, the patient’s illness worsened, leading to her death. In my opinion, Joanna’s actions were not sufficient. Given that she sensed that Mrs. Kelly was seriously ill, when she was on night duty, she should have taken additional steps to ensure the best interest of the patient in the morning. The structure of the organization posed an institutional constraint in this case. It required a doctor to examine the patient, before any serious care could be given to a patient. The nurse on duty, hence reported the case to the resident doctor, who declined to examine the patient. The nurse did not have the ability to examine the patient further, thus exposing the patient to great pain. Following the biomedical definition of health, medical practitioners tend to concentrate on attending to a patient who depicts the corresponding symptoms of an illness. Patients who do not display any vital signs tend to be ignored. Therefore, when the nurse examined the patient, and found the vital signs to be within the normal range, the resident doctor assumed that the patient did not require urgent medical attention. Therefore, Mrs. Kelly’s health was threatened by the hidden symptoms, which were not diagnosed in time (Denny & Guido, 2012, pp. 801-802). Following her assessment, Joanna realized that Mrs. Kelly was seriously ill. Consequently, she should have ensured that patient saw a doctor urgently in the morning for an assessment. Instead of following up on the critical case, she delegated the issue to another nurse, who may have taken time to act, as well, leading to the demise of Mrs. Kelly. Following this incident, Joanna should ensure to follow up on cases with a high probability of harm to the patient in future, to promote the principle of beneficence. To avoid the occurrence of such an incidence in the future, nurses should be encouraged to take a pain management course. This

Business Essay Example | Topics and Well Written Essays - 500 words - 8

Business - Essay Example Due diligence is a term commonly associated with such evaluation process. It refers to the care a reasonable person should take before entering into an agreement or a transaction with another party. It is an investigation or audit of a potential investment. Due diligence is a way of preventing unnecessary harm to either party involved in a transaction (Due Diligence – DD, 2009) Most of the investors will evaluate the past and present financial records of the company before taking decisions about the investment. So the entrepreneur must prepare such financial records of the company for the verification by the investors. An investor needs to be convinced about the financial capabilities of the company before taking decisions about investing. For that purpose the entrepreneur must present the financial history of the company in simple terms understandable to even a layman. An executive summary of the business plan is also required by the founders of the venture to convince the investors. It is only through this business plans the investor will know about how the company is going to utilize the money collected from them. The investors also must be convinced about the scope of the business and the market opportunities and hence the business plan must be well written in simple words to attract the investors. Some investors are keen in knowing more details about the company like the assets of the company, customers, environmental issues, foreign operations, legal matters, product issue, suppliers, tax issues, and matters relating to ownership change (Due Diligence Checklists, 2009) The current Investors are extremely careful in investing in shares and hence they will investigate about all the activities of the company before investing. They will analyze the future prospects of the company based on the parameters mentioned above. They know that if the

Article from Marketing Journals Example | Topics and Well Written Essays - 1000 words

From Marketing Journals - Article Example The process adds to the product's final cost, convenience, and customer acceptance. A process may be streamlined to reduce costs and diminish consumer options, or the product may be customized, which adds to the total cost of the product but offers the consumer a greater number of alternatives. The article contended that the two major measurable and manageable characteristics of any process are complexity and divergence. It is the challenge of the manager to find the most effective balance of these important components of the process. Complexity refers to the "number and intricacy of the steps required" to perform the process (35). A laboratory that performs DNA testing could be said to be more complex than checking the air pressure in a tire. Divergence is the "degree of freedom allowed or inherent in a process step or sequence" (35). Processes that require analyzation, assimilating data, and judgment are said to be highly divergent, such as a doctor performing surgery. By blueprinting a service into a schematically represented diagram, or flow chart, the degree of complexity and divergence can be readily and visually available. The complexity and divergence can then be adjusted to fit a marketing, cost, manufacturing, or consumer need. Altering the complexity and divergence of the service process can have a significant impa... For example, a gasoline outlet may decide to offer only 2 grades of gasoline instead of 4. This will save costs by reducing inventory requirements and overhead costs. However, the customer has been offered fewer options. Alternatively, the station may decide to carry 6 grades of gasoline and add kerosene and diesel fuel. This strategy can result in a niche market with lower volume and greater margins, as it increases the divergence and positions the station differently in the market. Complexity also dictates the market position as well as consumer perception. A mechanic's garage may opt to reduce their complexity and limit their work to muffler and brake systems. This specialization strategy can be risky when competing with more broad based and full service alternatives (38). However, increasing complexity runs the risk of poor quality or customer confusion. Customers may be unaware that a garage that offers automobile detailing, inspections, body and paint, and mechanical work, also does quality brake work. The manager must look for the market position that will maximize the opportunities with the least risk. In conclusion, visualizing the complexity and divergence of the service processes can help to understand the current market position and help plan for repositioning. The process that goods or services are subjected to is a raw material that can be manipulated and formed. This structured approach can reveal the characteristics that "not only affect market position, but also can be deliberately and strategically managed for positioning purposes" (42). Blueprinting and diagramming gives the manager a greater understanding and more control over the processes that affect cost, quality, deliverability, and consumer perception. Works Cited Shostack, G L.

Lean construction Essay Example | Topics and Well Written Essays - 5750 words

Lean construction - Essay Example In fact, lean construction is set to be considered as the benchmark for other industries as it is for manufacturing currently. Effective tools and strategies can be implemented in the construction industry to implement lean and reduce waste to achieve operations efficiency through improved quality and productivity. Table of Contents Chapter One: Introduction Background to study Aims and objectives Research methodology Summary Chapter Two: Literature review Production and Operations Management Project life-cycle Productivity challenges Lean production system Lean principles The concept of waste The Toyota way Lean construction Lean and strategy Lean implementation Chapter Three: Conclusions and recommendations References Chapter One: Introduction This chapter introduces the concept of lean management in production and discusses its evolution, importance, relevance in construction, aims and objectives of the study, the research methodology applied and the overall organization of the re search study. Background to study Lean concept is much appreciated, tested and practiced in industries like manufacturing, government, health care and other institutions. Lean in construction has been found to save costs and customers too increasingly prefer lean management of construction for cost savings. As there is much waste that is generated in the construction industry, implementing lean in construction industry can yield cost savings and reduce lead times for the benefit of all. It also found that present construction industry creates value at the rate of 10 percent while generating waste at the rate of 57 percent while in the manufacturing sector that implements lean, the reverse is true as it creates a value add of 62 percent and a waste of 26 percent (Sowards, 2012). Lean thinking was first applied to car manufacturing service but later evolved to be applied to other manufacturing sectors and hence been implemented in other industries as well. Lean implementation challeng es traditional business processes to improve performance to give a competitive advantage to the business. The concept of lean thinking or management is defined as â€Å"the process of continuously eliminating waste in all processes and systems† and was primarily related to production. Henry Ford first introduced this concept in his company in the manufacturing segment and later adopted it into other segments like accounting and non0manufacturign operations. The Japanese saw lean as a method to superior manufacturing through quality improvement and later started adopting it in other areas of the business processes, with the efforts and success of Toyota drawing attention worldwide (Bottirov, 2011). As other sectors including government and healthcare started implementing lean methods throughout the entire spectrum of business processes, construction industry too started considering the advantages of lean management (Bottirov, 2011). As the concept of lean management has emerge d from the production line, much of the practices, tools and techniques are readily available for implementation in manufacturing but construction being a different area than manufacturing, all of the principles and practices of lean production management do not fit into the construction industry, although there are many similarities in the processes of the two industry

Reflective Learning and the Reflective Practitioner Essay

Reflective Learning and the Reflective Practitioner - Essay Example My reception at the company was quite good and promising because the company expected a lot from me since I had come from one of the most developed countries; guaranteeing me the opportunity to must have come with more ideas than had been. Due to my most expected exposure, I was taken to the core section of management (operation management) to initiate and help implement strategies that would increase the amount of returns earned from the company’s products. The first challenge, and the most crucial one, was based on the mode of communication. In Kenya English is the official language, while Kiswahili is the national language. Therefore, most people largely used and were fluent in Kiswahili than they were in English. On the contrary, I could only speak English, and a little bit of the French. Other limiting factors were to do with the social and environmental challenges. In the first instances, these factors inhibited my performance to a level that I equally thought that the environment was not fit for me; reason being that it had affected my ability to showcase the benefits to the company. From this, I came to learn that excellent performance in academics does not guarantee a successful performance in the real life situations. As a solution, I had to attend classes on Kiswahili language, socialize and interact more with the local for social acceptance, and change my lifestyle for the purpose of environmental adaptation and

Ownership of Two Contrasting Businesses Essay Example for Free

Ownership of Two Contrasting Businesses Essay Asda is the second largest retailer in the UK, and it has been the largest subsidiary of the Wal-Mart family of companies since 1999. The UKs supermarket sector has also become more competitive. This contest between retailers in the marketplace helps to keep prices down. It also makes sure that organisations always produce and sell the goods that consumers really want. Asda is engaged in food, clothes, electronic and furniture selling. Consumers like price competition, as it means they can buy goods at low prices and save money. Asda is a large national company that makes a profit and it is private as well. Asda has a limited liability which means that they might lose the money they have invested in a business. This company is an incorporated business and it is also a public limited company. The main aims and objectives of Asda are: †¢To provide goods and services that is cheap and affordable to consumers to the public, to reduce the cost †¢To recycling their waste †¢To supporting voluntary services Oxfam is a small not-for-profit organisation and it is a global company because it operates in countries around the world. It is owned by Oxfam Trading Limited Companies and it is in private sector. The main aims and objective of this company are: †¢To Aid third world countries in any way they can †¢To relieve poverty, distress and suffering †¢To educate people about the nature, causes and effects if poverty †¢To campaign for a fairer world †¢To encourage western nations to supply aid to third world countries.