This 5 page paper is a reflective learning document looking at the lessons that have been learned on a course that studied the use of innovation and technology with strategy and the use of analysis models such as Porters Five Forces and SWOT.
Name of Research Paper File: TS14_TErefcorse.rtf
Unformatted Sample Text from the Research Paper:
the initial innovations by Kensington Technology, or innovation that can add value to the way the operations is run. The way that the potential for change and innovation is recognized
can be the result of a large degree of planning or it may result from a chance encounter or emergent strategy where an opportunity is seized. The way that
this is pursued may vary, but to be of value this needs to fit in with the company strategies, and should also compliment of help with the achievement of the
goals set out in the vision statement of the mission statement, where the broad aims of the company are outlined. These statements are not definitive, often containing terms such as
to be the best, or to be the most preferred. The vision or the mission is only a starting point when understanding a company. The strategy will be developed for
several levels, organizational, business and operational levels will have strategies developed. The way that these are identified and the impact that technology and innovation will have, both helping with the
input and used as a way to move forward, can be very important. There are a large number of models that can be used to help analyse a company.
The company works in a complex environment, there are internet factors and external factors that will all influence the performance and potential performance of a company. The models may have
different areas of emphasis, Porters five forces seeks to examine the company in its competitive environment. This includes looking at the treats from existing competition, the threats or new entrants,
the power that the company has over suppliers and customers and the power of substitutes. These can all be used to assess