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In today’s world, automotive businesses are facing many challenges. From increasing competition to changing consumer preferences, the automotive industry is rapidly evolving, and staying ahead of the curve is essential for success. Automotive manufacturers also rely on their suppliers to help them improve their business.
So to get the most out of innovation processes such as design thinking, truly creative leaders also need to master the social dynamics of… [wait for the punchline}…humor! We have witnessed that skilled leaders, those we call “Stand-Up Strategists”, understand the utility of humor to boost innovation. May the farce be with you.
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In the text that follows you’ll hear Sam’s views on leadership, the state of the market, and you’ll be introduced to his retirement ambitions and the future challenges for the boardroom, following his return to Perth, Australia. Sam Walsh: At Rio Tinto, we had an innovation programme called “Mine of the Future”. On with the interview.
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While these two firms have world-class intellectual properties, I think their true innovation is in the pricing model around their businesses. So, while the software industry is obviously innovative, it's the pricing model hat has made it profitable, as it offers a ready source of cash flow. You can't resell that CD, legally.
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In the 1950's, the American market was quite small and dominated by entrenched players such as Harley Davidson, Indian, and imports like Triumph and Moto Guzzi. What lessons can we draw from how Honda took steps into this new market, which it ultimately came to dominate? and scope out the market. to 9% by 1973.
As global innovators, however, they share a remarkable core value and best practice: they invest in the innovative capabilities of their suppliers. While lean production has almost nothing to do with video production, the clear message was that genuinely lean enterprise craved innovation that made their suppliers more innovative.
Western multinationals — especially the most successful ones — consistently struggle to achieve their growth targets in emerging markets. Because they try to repeat their past success formulas — the ones that work so well for them in developed markets. It is impossible to earn healthy profits in emerging markets.
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GM lost the ability to demonstrate leadership in a time where the advertising and automotive industries are flailing. We've found Facebook ads to be very effective when strategically combined with engagement, great content and innovative ways of storytelling, rather than treating them as a straight media buy.".
GM lost the ability to demonstrate leadership in a time where the advertising and automotive industries are flailing. We've found Facebook ads to be very effective when strategically combined with engagement, great content and innovative ways of storytelling, rather than treating them as a straight media buy.".
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Apple fanboys and Samsung’s “Next Big Thing”ers would hoot with derisive laughter if The Wall Street Journal or Financial Times reported that GM or Ford planned to rewrite the rules of smartphone innovation. They should. Could Sir Jonny Ive be the next Battista Pininfarina , Harley Earl, or Akihiro Nagaya ? I don’t.
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Still, it’s true that China’s economy today is undergoing rapid change: the middle class is expanding, purchasing power is increasing, and with loosening regulation, China is becoming a fertile new market for global companies. And the best tool of innovation? And the best tool of innovation? Collaboration.
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