We can work on Innovation Management

You are asked to read the HBS case: Bank of America (A)—Stefan Thomke, 2003, Harvard Business School Press, Case 603-022. You will then use the following questions to prepare your answers to the Bank of America (A) case. You should also draw on the information provided by the “Innovation: The Other Side, Making Innovation Happen” especially the associated online lecture and the notes. You MUST provide reasoning, i.e., do not just say ‘X’ in one word! Reason why ‘X’. However, you MUST be analytical and concise as a manager would! Case Questions: 1. What is the Bank of America’s (BoA) “innovation & development market” in terms of purpose? 2. What are your observations on process, organization, management, and culture to do with BoA’s “innovation & development market”? How does the “innovation & development market” compare the model of innovation management that is summarized by the ““Innovation: The Other Side, Making Innovation Happen”, as well as the points covered in the slides using the following questions. 3. Briefly list the three parts to an innovation management covered in lecture slides? 4. Discuss BoA’s Innovation Management approach along the following lines: 4a. Does “innovation & development market” fit with the “lecture slides” model of having an assigned dedicated team for innovation? Why/Why Not? How? 4b. Does “innovation & development market” fit with the “lecture slides” model of having partnership between the innovation team and core business? Why/Why Not? How? 4c. Does “innovation & development market” fit with the “lecture slides” model of having experiments as the primary means of producing workable innovation? Why/Why Not? How? 5. What does it mean to “test” a service innovation? What is involved in doing so that is different from a product? What is the impact on doing innovation? 6. Should BoA just hire outside companies (like IDEO or Continum) to develop new innovative services for them? 7. What constitutes an experiment in services in the context of BoA or any other bank? 8. What is the experience of BoA with “innovation & development market” so far? 9. What are the strengths and weaknesses of the “innovation & development market” currently? Why? 10. What grade (A, B, C, D, …) would you give Bank of America in doing “innovation & development market”? Why? 11. The BoA’s “innovation & development market” team is facing decision(s) at the end of the case (A): enumerate these decisions (their key variables/parameters) and offer how you would proceed to tackle this decision(s)?

Sample Solution

perhaps at the same time as on this planet we may never absolutely apprehend what is supposed by way of those verses. but, upon research, some theologians, Christian Orthodoxy trust we’re nonetheless inside the picture of God, others concur that once guy fell his image become marred. And some agreed it became lost. but, without a doubt, what is apparent is that in mankind, God has finished His very last advent of the advent story. permit’s recollect what King David said of our introduction and our unique place among all of God’s creations. “once I don’t forget your heavens, the work of your palms, the moon and the celebs, which you have set in vicinity, what’s guy which you are mindful of him, the son of guy that you care for him? You made him a touch decrease than the heavenly beings and crowned him with glory and honor. You made him ruler over the works of your palms; you put the whole lot beneath his ft: all flocks and herds, and the beasts of the field, the birds of the air, and the fish of the ocean, all that swim the paths of the seas.” (Psalms eight:three-eight NIV) With the range of views, most (Christian orthodox) agree that every folks had been made inside the photo and likeness of God, and because of this, we’re able to figuring out our personal destiny. in contrast to the plant life and animals, God has endowed us with the ability to shape a courting with Him, the ability to boom our expertise and awareness, and the duty of worrying for the arena that He has given us. As His primary creations, we are obligated to mimic and display evidence of His divineness in every region of lifestyles. some can also discover it complimentary that we have been made in His photograph. however, due to evolution many now not treasure this thriller. depend-of-fact, a few have come to be irresponsible stewards and feature not noted the responsibilities that it includes. in particular of His earthly creations, God has endowed guy/womankind with a completely unique soul – holding us chargeable for all of our movements. (5) at some point we will provide an account to the creator how we’ve controlled; our temples, our lives, family, resources, groups, ministries, benefits, and this planet referred to as earth. each author appears to have scriptural evidence to aid their concept on this controversial and fairly debatable topic. however, there has been every other factor of agreeableness among them: a number of the characteristics had been which constitute man/lady being formed in the image of God. to name some, we are creators, God created the heavens and the earth, we’re relational, God is relational, we are communicators, God is a communicator, we are non secular beings as God is a Spirit, and we’re highbrow beings who motives, God is wise and motives too. whilst we absolutely draw close what it means to undergo God’s photo, we are amazingly struck with the boundless, grandeur of our opportunities and the tragedy of our unrealized capability! To be absolutely human is to completely replicate God’s picture. furthermore, even though all humans own these godlike capacities, every folks has the potential to express them uniquely due to the fact God’s photo has been imprinted notably on each of us. (7) In God’s countless creativity there aren’t any duplications. absolutely everyone is an unique and is created in the photograph of God, which consistent with Orthodox Christians can never be lost.>

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