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Business Innovation – Tacit Knowledge
Nonaka et al (1995) define knowledge as being tacit or explicit. Explicit knowledge is all that can be codified, easily communicated and explained. Tacit knowledge is everything else - that which is hidden, deep rooted in action, hard to formalise...
Ideas to Create Own Work At Home Online Business Product
The voice you heard by the majority of people in the Net is true, the real true money generating machine is to offer your own product or service where you can keep 100% of the profits.
Before you even start creating or introduce your own...
Innovation Management – does the idea fit with the firm?
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as idea selection, development and commercialisation.
There are distinct processes that enhance problem identification and idea...
Sex up your business growth
A top executive called up me late in the night. He was still awake at 3 o’clock. He told me that he has not been sleeping for last 3 nights. Problem at his working place is working it effect on his marital life with wife. Although problem in...
Why bother with customer centricity?
CRM Magazine recently asked their subscribers "What is the number one concern that keeps you up at night?". I found it interesting that none of the responses resembled anything like: "My kid is failing out of school", or "My spouse works too...
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India: Favoured Destination Choice for Off-shoring / Outsourcing
Article:
When, companies worldwide wish to turn back their fortunes by
retaining profits, the first thought that springs to mind is
cutting costs without losing on quality, and instantly,
off-shoring / outsourcing to India becomes the first choice.
Time and time again, India has proved its grit in each field
that made its off-shored / outsourced way to Indian shores. Once
again, India is set to lead the way in the fast emerging
off-shoring / outsourcing trend of Product Engineering
Services(PES) Still in its infancy, PES has fired the
imagination of Indian IT majors i.e. Tata consultancy Services
(TCS), Wipro and Patni Computer Services (PCS). PES can be
defined as a service that links new product creation, while
maximising both its output and lifespan. NASSCOM estimates PES
off-shoring / outsourcing including embedded software and
product development to become an $8 - 11-billion business by
year-2008. Before branching off as a separate field, earlier PES
was a part of IT research and development or IT enabled
service-business process off-shoring / outsourcing (ITeS BPO),
in other words, engineering BPO. Conversely, increasing consumer
demand for electronic products, shorter time-to-market cycles
and competition forced PES to emerge as a single entity.
The importance of PES can be gauged from the fact that Wipro and
PCS, in order to meet business requirements have enrolled 10,000
/ 1600 dedicated engineers on their payroll, respectively. Apart
from consumer electronics, field that has large scale adoption
of embedded technology, medical electronics, automotive and
computing fields offer significant opportunities, factors which
seem to be driving the growth of PES off-shoring / outsourcing.
Nowhere, is the
significance of PES more noticeable than in the
semi-conductor chip market, where more and more, designing
software is beginning to play a crucial role. Increased
digitalisation of business enterprises has resulted in a
strongly linking engineering and business information
management. Common enterprise management application and
technology platforms have led information integration to include
product engineering and production facilities, as well as
effective and efficient management of production and capital
assets.
Off-shoring / outsourcing deals are forever destined to come to
Indian shores because India not only can deliver technology
services to global clients at great value and speed, it has a
vast pool of scientific and engineering talent that can be
tapped to make the sector grow.
Off-shoring / outsourcing PES services to India has many
benefits for companies who off-shore / outsource, wanting
quality products at reduced rates, at reduced costs, on company
budgets that can be met with shorter time-to-market timelines.
In the long-term, off-shoring / outsourcing benefits always
bounce back to company clients as they can buy quality products
for less money, short time-to-market timelines means they can
buy the latest innovations, almost as soon as they are conceived.
Off-shoring / outsourcing benefits all, as the wheel of fortune
comes full circle i.e. back to the countries that off-shore /
outsource!
About the author:
For more information on offshore outsourcing and
offshore software
development,please visit http://www.a1technology.com
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| DTI - Welcome to the DTI's Innovation Home Page |
| The DTI is working to stimulate a significant increase in innovation throughout ... It covers Living Innovation, web streaming of a series of high profile ... |
| www.dti.gov.uk |
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| Innovation - Wikipedia, the free encyclopedia |
| An innovation in this light occurs whether or not the act of innovating ... A convenient definition of innovation from an organizational perspective is ... |
| en.wikipedia.org |
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| National Innovation Website |
| The Department of Industry, Tourism and Resources has developed this website to raise awareness of the importance and benefits of innovation and ... |
| www.innovation.gov.au |
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| Innovation, creativity and brainstorming resources from ... |
| A comprehensive site designed to provide busy entrepreneurs with a focused collection of the best resources on innovation, creativity, and brainstorming. |
| www.innovationtools.com |
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| Innovation Weblog - Trends, resources, viewpoints from Chuck Frey ... |
| The Innovation Weblog - Valuable trends, resources and viewpoints in innovation, creativity and brainstorming from Chuck Frey at InnovationTools. |
| www.innovationtools.com |
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| CORDIS: Innovation Portal: Home |
| This Innovation Portal is supported by DG ENTR of the European Commission, ... European Commission adopts new Communication on Innovation: on 13 September ... |
| cordis.europa.eu |
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| CORDIS: Promotion of Innovation: Home |
| This programme stands at the cross-roads of the Community's policies on Research, Innovation and SMEs. |
| cordis.europa.eu |
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| Innovation Network... leveraging innovation, creativity and ... |
| The Innovation Network is an association of companies and employees committed to innovation. The site features some interesting articles as well as some fun ... |
| www.thinksmart.com |
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| Business Innovation : Car Reviews, Online Gaming, and Product Branding |
| If your in need of great Online Gaming material, we carry up to the minute news and reviews for all of your favorite games and gaming systems. |
| www.businessweek.com |
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| Innovation - Life, Inspired | PBS |
| Learn about fascinating innovations, explore interactive features, submit questions to our experts, investigate resources and lesson plans, and more. |
| www.pbs.org |
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| Innovation.org - Welcome |
| Impact of Innovation Saving & Improving Lives Controlling Healthcare Costs Strengthening ... Future of Innovation New Medicines in Development Next Wave of ... |
| www.innovation.org |
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| Innovation: See what people are saying right now on Technorati |
| See all blog posts tagged with innovation on Technorati. |
| www.technorati.com |
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| Innovation Relay Centres - The World Largest Network for ... |
| Innovation Relay Centres giving advice on Innovation, Technology Transfer and Exploitation. Major European source for innovative technologies or new ... |
| irc.cordis.lu |
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| The Tech Museum of Innovation | Welcome |
| The Tech Museum of Innovation - Welcome! The Tech Museum inspires and educates the innovators of the future. |
| www.thetech.org |
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| Pages tagged with "innovation" on del.icio.us |
| CoDev 2007 - Co-Development for Business Growth: Open Innovation and Alternatives ... PDMA & IIR's 5th Annual Front End of Innovation ... |
| del.icio.us |
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| innovation |
| Publication highlighting the research activities of NUS. The site provides snippets of selected articles online, and provides a subscription form online. |
| www.innovationmagazine.com |
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| Canadian Innovation Centre |
| Services includes invention evaluation, technology due diligence, market research, and education programs. |
| www.innovationcentre.ca |
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| London INNOVATION :: Home |
| Maximise your business potential through innovation. Learn the secrets of successful business innovation in London. |
| www.london-innovation.org.uk |
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| Eric Von Hippel's Homepage |
| Downloadable Books. Democratizing Innovation (2005) ... The Sources of Innovation (1988). Free download of the complete book. Permission granted by Oxford ... |
| web.mit.edu |
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| Intel Innovation in Education |
| www.intel.com/education/ - 3k - Cached - Similar pages |
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