Innovation is limitless

i hope that this blog has help you in understanding a little bit more about innovation. Overall other factors must be identify and analyses for which to contribute the future success of the organisation. 

Marks and Spencer innovative ideas

Marks & Spencer is one of the UK’s leading retailers, which sells high quality clothing, home products and food. Innovation of new ideas and thoughts are very important for the long term success of the organisation in terms of attractive new customers and satisfying existing customers.

In recent economic climates, global recession had cause many industry to collapse but for the case of Marks & Spencer, demands for its high quality products decreased because consumers have less disposal income. The change of consumer taste/ preference to a cheaper substitute could be brought else where, such as Tesco, Sainsbury's or Asda.

To Increase its profit marks & Spencer had though up a new innovative ideas (to purse a green supply chain )which had successes of the first three years of operation

• All raw materials should be purchased from an on sustainability program. 
• All 10,000 farms to produce fresh meat, dairy, produce and flowers involved in the Sustainable  Agricultural program by 2012. 
• 35 percent reduction in energy use, refrigeration carbon footprint down 50 percent. 
• Logistics and Transportation to be 35 percent more efficient. 
• Reduce clothing warehouses from 100 to 4 and make those four at least 35 percent more efficient.

Employment engagement

Employee engagement is where an employee would commit to the organisation by his/her values and the ability to get involved, this includes sharing knowledge with colleagues and contributing in decision making whereby satisfaction and motivational level of employee would increase due to the work load or targets they had achieve.

The Institute for Employment Studies define engagement  as "a positive attitude held by the employee towards the organisation and its values. An engaged employee is aware of business context, and works with colleagues to improve performance within the job for the benefit of the organisation. The organisation must work to develop and nurture engagement, which requires a two-way relationship between employer and employee.’"

Behaviours illustrated by the engaged employees

• desire to work to make things better
• belief in the organisation
• respectful of, and helpful to, colleagues
• willingness to ‘go the extra mile’
• understanding of business context and the ‘bigger picture’
• keeping up to date with developments in the field.

Engagement is about creating opportunities for employees to connect with their colleagues, managers and wider organisation’… ‘It is a concept that places flexibility, change and continuous improvement at the heart of what it means too be an employee and an employer in a 21st century workplace’ (Prof. Katie Truss)

Innovation and changes

Empowerment 


Empowerment is a very important factor in the process of producing innovation. Innovation is a key to successful knowledge management implementation as this will benefit the organisational survival and growth in the future.

 

In any organisation, innovation is driven by empowerment, decision making and risk taking. Without any trust, empowerment would not occur so lack of empowerment would mean that subordinates would have less opportunity to have scenarios like “learning by doing”    

lack of trust = lack or empowerment = lack of experimentation/risk = lack of innovation. 

  The Octopus Card 

The Octopus card is a rechargeable contactless smart card used in an electronic payment system in Hong Kong. It is used in Transportation, Self-service, Retail Leisure facilities access control, parking and many more. You can even use it for access control in many commercial and residential buildings

What can Octopus use for:

Buses                         Apparel shops          car parks                      Swimming pools

Ferries                          Cake shops            On-street parking       Private club houses

Public light buses         Department stores          Photocopiers               Sport facilities

Taxis                               fast-food outlets              Vending machines     Theme parks

Coaches                         personal care stores        Self service kiosks     Hospitals

Peak Tram                    Supermarkets                     Cinemas                 Public services

Railways                       Wet markets                      Racecourses               schools

Tramways 

By operation with octopus cards limited it will improves the organisation efficiency level by providing a secure, efficient flexible and reliable means to collect revenue and shorten transaction time.

Another benefit of being partnership with octopus cards limited is it contributes to the organisation financial growth in terms of increases usage, reduces maintenance costs and improves revenue protection.

Till present dates the octopus card limited had successfully in spreading this innovative services around the world, countries such as: The Netherlands, United Arab Emirates- Dubai, New Zealand- Auckland and the United kingdom. However this technology were not used to full potential where it is only used in the transportation industry of the country .