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Business Model Innovation in Practice,” Euchner and Ganguly (2014) discuss a five-step approach to implement innovations within organizations. The five-step approach starts with Demonstrate value creation. The purpose of this step is to ensure that the organization has a clear understanding of the new value the innovation creates for the customer. Step two is generating business model options. A strong business model is imperative. The business model capitalizes on the value and ensures that other competitors would have challenges trying to replicate the model. This increases the organization’s competitive advantage. The third stage is to identify the risks for each option generated. The business model is strictly a concept. In this phase, it will identify the future risks upfront. This will allow the organization to be proactive. The three types of risks are business execution. Co- innovation risks and adoption risks. The fourth phase is to prioritize the risks. In this phase, the organization will quantify the chances of success. The organization will evaluate the current state of knowledge and identify the variables. The fifth step is to reduce risks through business experiments. In this stage, the organization conducts experiments in the real world using prototypes or simulated experiments (Euchner, 2014).
The four functions of management (planning, organizing, leading, and controlling) can be leveraged within the five-step approach to assist organizations in implementing successful innovations. All organizations planning to implement innovation needs a strong management plan. Each function will play a vital role in ensuring that the innovation is successful. The five-step approach combined with the four functions of management will increase the likeliness of the innovation is successful.
Euchner, J., & Ganguly, A. (2014). Business Model Innovation in Practice. Research-Technology Management, 57(6), 33–39. https://doi-org.lopes.idm.oclc.org/10.5437/08956308X5706013
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1. Implement an Array-based Stack to compute linear time algorithm to compute span days (slides 25 ~ 27 from lecture note 7). Program in lecture note 7 (P. 26 ~ 27) uses STL stack, but you should implement your stack data structure in this assignment. a. Download historical data for any stock of your choice b. Compute Span for each data point
2. Implement BubbleSort 1 and 2 a. You will need to implement NodeList and Sequence b. You will need to implement Iterator in NodeList as well as Sequence c. Finally, you can use the functions on the previous slides from lecture note 8 to test your implementations
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To fully implement the new skills you are learning while using MS Office, you will be completing real life application capstone projects. For these projects, you will be given a scenario and asked to create a file that demonstrates you have achieved proficiency of the competencies as outlined in each module. For the Capstone Projects, you will be graded using a rubric that will assess if your submission demonstrates the required skills as well as if you have properly implemented the skills into a real life scenario. The goal of the capstone project is for you to reach a passing grade, you will be allowed two submission on the capstone project. You will make the first submission by the assigned milestone date as outlined in the course schedule. If you do not reach 80% proficiency, you will be allowed to resubmit the capstone project to the D2L dropbox again during the last week of the course.
Instructions
To fully implement the new skills you are learning while using MS Office, you will be completing real life application capstone projects. For these projects, you will be given a scenario and asked to create a file that demonstrates you have achieved proficiency of the competencies as outlined in each module. For the Capstone Projects, you will be graded using a rubric that will assess if your submission demonstrates the required skills as well as if you have properly implemented the skills into a real life scenario. The goal of the capstone project is for you to reach a passing grade, you will be allowed two submission on the capstone project. You will make the first submission by the assigned milestone date as outlined in the course schedule. If you do not reach 80% proficiency, you will be allowed to resubmit the capstone project to the D2L dropbox again during the last week of the course.
Scenario: You have recently been hired as the customer service manager at a local business (or you are managing your own business) and have determined that a newsletter would be very beneficial to the business and customers. You will need to create a monthly newsletter that gives customers an update on what is happen in the company and any specials that will be running for the next month.
This document will need to be a minimum of one page long.
The items that you will need to make sure you have included in the document are as follows:
Create a table showing new hires (minimum 6) and positions held
Table should have title and column headings
Select an attractive style for your table
Add a border style to your table
Sort the table alphabetically by last name
Insert a quote
Credit the source of the quote
Use WordArt for the title of the newsletter
Use two column format for the newsletter articles
Use one drop cap in the newsletter
Use column break as needed
Use a bulleted list for favorite products or services
Customize your bullets
Add and customize at least one graphic
You may need to look at some newsletters online to get an idea of what you might want to include in your document.
Please take this assignment and make it your document, and have some fun being creative
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Imagine you have just taken on the role as leader of an educational program in your specialization and have been told to implement a change process that is part of a district initiative. As a new leader, you have yet to establish trust with your colleagues, so that when you start to implement the initiative, you are surprised to get immediate push back from your colleagues. How might you work to shift your colleagues’ dissatisfaction and disengagement and support them in their roles as change agents? What leadership strategies would win the trust of your colleagues and help them see the merits of the initiative?
For this Discussion, you will analyze evidence-based strategies to establish stakeholder trust and buy-in for change and counteract resistance to change.
To prepare:
Review the assigned chapters in the Fullan (2016) text. Consider the difference between adopting an innovative program, the complexity of actually implementing it, and why stakeholders resist change.
Read the Gurley, Peters, & Collins (2015); Day, Gu, & Sammons (2016); Covey (2009); and Adams & Miskell (2016) articles. Think about the process of initiating and implementing change, the influence of leadership on change, and how to gain buy-in and trust from stakeholders throughout the change process.
Reflect on experiences you have had in your professional practice where staff were resistant to a change in your specialization. What attempts were made by leadership to establish trust and buy-in for the change? What strategies were (or were not) used when staff members refused or pushed back during implementation? As a leader, what strategies would you have employed?
Research evidence-based strategies for establishing trust and buy-in from staff prior to implementing change and for supporting staff when they resist changes during implementation.
An explanation of the following:
Background information on an experience from your professional practice where staff were resisting a change in a program or practice in your specialization
At least two strategies you would have used to establish trust and buy-in from the staff prior to implementing the change. Provide a research-supported rationale for your selected strategies.
At least two strategies you would have employed when staff members refused or pushed back during implementation of the change process. Provide a research-supported rationale for your selected strategies.
For this Discussion, and all scholarly writing in this course and throughout your program, you will be required to use APA style and provide reference citations.
Learning Resources
Note: To access this module’s required library resources, please click on the link to the Course Readings List, found in the Course Materials section of your Syllabus.
Required Readings
Fullan, M. (2016). The new meaning of educational change (5th ed.). New York, NY: Teachers College Press.
· Chapter 4, “Initiation, Implementation, and Continuation” (pp. 54–81)
· Chapter 6, “The Teacher” (pp. 97–122)
· Chapter 10, “The District Administrator” (pp. 177–208)