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The Wise Company : How Companies Create Continuous Innovation
High-velocity change is the fundamental challenge facing companies today.Few companies, however, are prepared to continuously innovate-because they focus on the short-term and do not emphasize the wisdom needed to make sure that their interests are aligned with those of society. Practical wisdom is the bases of continuous innovation, where companies ceaselessly and repeatedly creating new knowledge, disseminating it throughout the organization, and converting knowledge to action over time.In The Wise Company, legendary management experts Ikujiro Nonaka and Hirotaka Takeuchi highlight how various companies have confronted the challenge of rapid change to create new products and new ways of doing business that benefit employees, consumers, and society.The key: a relentless self-renewal process where companies realize the future they envisions, rather than only responding to changes in the environment.Nonaka and Takeuchi argue that while knowledge-creating companies focusing on tacit and explicit knowledge can generate innovation, they cannot create it on a continuous and ongoing basis without having wisdom about human interactions and how they influence organizational structures and practices.Companies that have resilience, longevity, and sustainability share a number of characteristics, Nonaka and Takeuchi show.Strategies are based on alignment of organizational and societal benefits.Leaders grasp the core of any situation or problem quickly, and intuitively comprehend the nature and meaning of people, things, and events.But wise leadership is not enough: wisdom must infuse the organization through informal as well as formal shared interactions and communications that focus on metaphors and stories that convey the essence and meaning of strategies and actions.In short, Nonaka and Takeuchi demonstrate how continuous innovation results from companies ceaselessly and repeatedly creating new knowledge, disseminating knowledge throughout the organization, and converting that knowledge to action. The Wise Company presents a new model of knowledge-creation and practice for the twenty-first century.
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Intended Consequences: How to Build Market-Leading Companies with Responsible Innovation
A pioneering venture capitalist provides an actionable framework for founders and executives to create innovative, enduring companies built for growth and for societal good. The Milton Friedman philosophy that companies exist only to increase shareholder value is dead and buried.The old Silicon Valley tenets of “move fast and break things,” minimum viable products, and hyper engagement at any cost must be replaced with new principles for an era of responsible innovation.We can no longer manage businesses solely for growth.With innovation comes responsibility: to generate returns beyond profits and to recenter technology as a force for good in the world.This requires a shift in the way organizations approach and value work. A company’s mindset—its intent to do good, avoid harmful consequences, and innovate responsibly—is not enough.That mindset must be supported by a business model, a mechanism that leaders must intentionally and proactively build along with the company from the ground up, one that incentivizes and rewards the organization for fulfilling its intentions.Companies need a new set of KCIs, or key consequence indicators, that measure factors such as its impact on customers’ energy consumption, whether its product is being used equally across socioeconomic groups, or if it is actually solving the social problem it is addressing.Not only is this the right thing to do—increasingly, it is what customers, employees, and shareholders demand of business. In this inspiring, practical, and actionable guide, Hemant Taneja:lays out the argument for why a new model of company building and leadership is necessary—and how it can lead to better performanceexplores why social-good businesses are some of the greatest opportunities today, detailing examples of billion-dollar startups that are addressing inequality, climate change, systemic societal problems, and chronic disease—all while generating profit and positive shareholder returnspresents a topic-by-topic road map that addresses business models, artificial intelligence, ethical growth, culture, governance, and good citizenshipIntended Consequences is designed as the ultimate playbook for founders, entrepreneurs, leadership teams, and investors on how to build and maintain a responsible innovation company.
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Monetizing Innovation : How Smart Companies Design the Product Around the Price
Surprising rules for successful monetization Innovation is the most important driver of growth.Today, more than ever, companies need to innovate to survive.But successful innovation—measured in dollars and cents—is a very hard target to hit. Companies obsess over being creative and innovative and spend significant time and expense in designing and building products, yet struggle to monetize them: 72% of innovations fail to meet their financial targets—or fail entirely.Many companies have come to accept that a high failure rate, and the billions of dollars lost annually, is just the cost of doing business. Monetizing Innovations argues that this is tragic, wasteful, and wrong. Radically improving the odds that your innovation will succeed is just a matter of removing the guesswork.That happens when you put customer demand and willingness to pay in the driver seat—when you design the product around the price.It’s a new paradigm, and that opens the door to true game change: You can stop hoping to monetize, and start knowing that you will. The authors at Simon Kucher know what they’re talking about.As the world’s premier pricing and monetization consulting services company, with 800 professionals in 30 cities around the globe, they have helped clients ranging from massive pharmaceuticals to fast-growing startups find success.In Monetizing Innovation, they distil the lessons of thirty years and over 10,000 projects into a practical, nine-step approach.Whether you are a CEO, executive leadership, or part of the team responsible for innovation and new product development, this book is for you, with special sections and checklist-driven summaries to make monetizing innovation part of your company’s DNA.Illustrative case studies show how some of the world’s best innovative companies like LinkedIn, Uber, Porsche, Optimizely, Draeger, Swarovski and big pharmaceutical companies have used principles outlined in this book. A direct challenge to the status quo “spray and pray” style of innovation, Monetizing Innovation presents a practical approach that can be adopted by any organization, in any industry.Most monetizing innovation failure point home. Now more than ever, companies must rethink the practices that have lost countless billions of dollars.Monetizing Innovation presents a new way forward, and a clear promise: Go from hope to certainty.
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Companies Limited by Guarantee
Companies Limited by Guarantee is the only book available that deals exclusively with such companies.It provides a complete guide to the formation, administration and winding up of companies limited by guarantee and their suitability for a diverse range of purposes.Further information available soon.
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Are sales-driven technology companies effective?
Sales-driven technology companies can be effective in generating revenue and driving growth, as they prioritize sales and customer acquisition. However, they may sometimes focus more on short-term gains rather than long-term customer satisfaction and product innovation. It's important for these companies to strike a balance between sales and product development to ensure sustained success and customer loyalty. Ultimately, the effectiveness of sales-driven technology companies depends on their ability to adapt to market changes, deliver value to customers, and maintain a strong sales strategy.
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Which companies develop spyware or surveillance technology?
There are several companies that develop spyware or surveillance technology, including NSO Group, Hacking Team, Cellebrite, and Gamma Group. These companies often sell their technology to governments and law enforcement agencies for the purpose of monitoring individuals' communications and activities. However, the use of such technology has raised concerns about privacy and human rights violations.
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Why do event technology companies need internet at events?
Event technology companies need internet at events in order to provide seamless and reliable connectivity for their event management and engagement solutions. This includes live streaming, interactive event apps, registration and ticketing systems, and digital signage. Internet access is also crucial for collecting and analyzing data, managing on-site operations, and ensuring a smooth experience for both event organizers and attendees. Without internet, event technology companies would not be able to deliver the high-quality, real-time services that are essential for successful events.
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Do e-scooter companies make any money at all?
E-scooter companies have faced challenges in making a profit due to high operational costs, including maintenance, charging, and fleet management. Additionally, many cities have imposed regulations and permit fees on e-scooter companies, further impacting their profitability. However, some companies have been able to generate revenue through partnerships with local businesses, advertising on their scooters, and offering subscription services. Overall, while e-scooter companies have struggled to achieve profitability, some have found ways to generate income and are working towards sustainable business models.
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Gore-Browne on Companies
Since 1873, Gore-Browne on Companies has kept solicitors and barristers at the cutting edge of company law and practice.As the Companies Act 2006 changes the legal landscape, this reliability matters more than ever.From constitution through to liquidation, it provides the definitive answer to questions about company administration, share capital, takeovers and mergers.Gore-Browne on Companies has already taken in all eight stages of implementation of the Companies Act 2006 and from October 1 2009, it carries detailed coverage of the new Model Articles.Commentary on the issues arising in transitional arrangements ensures that you are fully prepared to interpret and apply the Companies Act 2006.
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Management of Shipping Companies
The maritime sector is dynamic and volatile, creating the need for continuous monitoring of the latest developments and their effects on the organisation, management and strategies of shipping companies.This book analyses the business environment of these companies and the approaches they adopt in organising and managing their activities.Management of Shipping Companies aims to facilitate the learning and understanding of the fascinating world of shipping business.It examines the organisation and management of companies which manage ocean-going ships, emphasising the special characteristics of the industry and the framework created by these.This textbook offers a detailed account of the companies’ processes and functions, the structural and contextual dimensions of their organisation, as well as an analysis of human resources, safety management and the outsourcing of shipping operations.Written in an easily digestible and critical manner, it includes case studies and analysis of best practices implemented by companies worldwide.This unique and accessible book is an ideal text for students in maritime studies programs as well as readers interested in learning about maritime businesses’ organisation and management.
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Companies and Trade : Essays on Overseas Trading Companies during the Ancien Regime
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Deep Purpose : The Heart and Soul of High-Performance Companies
'If you want to be inspired to build more sustainable organizations, Deep Purpose should be your next read' Arianna Huffington, Founder & CEO, Thrive Global'Insightful, practical, and timely' Adam Grant, #1 New York Times bestselling author of Think Again and host of the TED podcast WorkLife'Deep Purpose points to the conversations we must have right now about how to redefine the role of business in society, restore trust, and enhance our license to operate ...Highly recommended' Paul Polman, former CEO, UnileverIncluded in the Thinkers50 Best New Management Books for 2022--------------Distinguished Harvard Business School professor Ranjay Gulati takes readers inside some of the world's most purposeful companies to understand the secrets to their successFew business topics have aroused more skepticism in recent years than the notion of corporate purpose, and for good reason.Too many companies deploy purpose as a promotional vehicle to make themselves feel virtuous and to look good to the outside world.Some have only foggy ideas about what purpose is and conflate it with strategy and other concepts like 'mission', 'vision' and 'values'.Even well-intentioned leaders don't understand purpose's full potential and engage with it half-heartedly and superficially.Having conducted extensive field research and interviewed leadership at purpose-oriented companies including Etsy, Lego and Microsoft, Ranjay Gulati reveals the fatal mistakes leaders unwittingly make when attempting to implement a reason for being.Moreover, he shows how companies can embed purpose much more deeply, delivering impressive performance benefits that reward customers, suppliers, employees, shareholders and communities alike.To get this right, leaders must fundamentally change not only how they execute purpose but also how they conceive of and relate to it.They must practice what Gulati calls deep purpose, furthering each organisation's reason for being more intensely, thoughtfully and comprehensively than ever before. As he argues, a deeper engagement with purpose can serve as a radically new operating system, enhancing performance while also delivering meaningful benefits to society.It's the kind of inspired thinking that businesses - and the rest of us - urgently need. --------------- 'Purpose isn't a "nice-to-have" in the business world anymore.It's a "must-have". This comprehensive guide breaks down why cultivating purpose isn't just the right thing for businesses to do - it's the smart thing too.' Carmine Di Sibio, Global Chairman and CEO, EY'Many leaders today strive to align purpose with financial success, but only a few succeed.Gulati analyzes the tough challenges that leaders everywhere must address if they are to save the planet while also delivering strong profits.' Toshiaki Higashihara, Executive Chairman & CEO, Hitachi, Ltd.
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How green is e-mobility?
E-mobility, or electric mobility, is considered a greener alternative to traditional vehicles that run on fossil fuels. Electric vehicles produce zero tailpipe emissions, reducing air pollution and greenhouse gas emissions. However, the overall environmental impact of e-mobility depends on factors such as the source of electricity used to charge the vehicles. If the electricity comes from renewable sources like solar or wind power, e-mobility can be considered very green. Additionally, the manufacturing and disposal of batteries used in electric vehicles can also have environmental implications that need to be considered.
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What is the difference between internationally active companies and international companies?
Internationally active companies are those that conduct business in multiple countries, but their primary operations and headquarters are based in one country. These companies may have subsidiaries, branches, or joint ventures in other countries, but their main focus is on their home country. On the other hand, international companies are those that have a truly global presence, with operations, headquarters, and significant business activities in multiple countries. These companies have a more decentralized structure and are deeply integrated into the global economy, with a strong focus on international markets and operations.
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What is produced in manufacturing companies and what in service companies?
In manufacturing companies, physical goods are produced such as cars, electronics, and clothing. On the other hand, service companies produce intangible products such as healthcare, education, banking, and consulting services. Manufacturing companies focus on creating tangible products through a production process, while service companies focus on delivering intangible services to meet the needs of their customers.
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Why do large companies sell their businesses to even larger companies?
Large companies may sell their businesses to even larger companies for a variety of reasons. One common reason is to access greater resources and capabilities that the larger company can offer, such as expanded distribution networks, advanced technology, or increased financial stability. Additionally, selling to a larger company can provide the opportunity for the business to scale and grow more rapidly than it could on its own. Finally, selling to a larger company can also provide the original owners and shareholders with a lucrative exit strategy, allowing them to realize the value of their investment in the business.
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