Management annotated bibliography Essay

The purpose of this paper is to provide an annotated bibliography of three articles that deal with psychiatric hospital and strategic man erament. And will include a review from the authors location on current trends being shaped by blueprint and specific aspects of innovation influencing strategic management.Innovation strategy 4 key tactics of top growth companiesThe article covers the four practices of successful growth. Finding the next S-curve, lean on customers, think like a decorator, and lead the way are the four areas that are focused on. The practice of finding the next S-curve explains that innovation has a period window, and is directly related to revenue. With continuous innovation, a companys chance of hitting and staying within the window increases dramatically. The practice of lean on customers directly relates to gaining an soul of the customer. It points out tools to use, such as creating a customer empathy map. Lean on customers creates a lean approach to pro duct innovation.The think like a purposeer practice involves using innovation to create new options. This includes using Blue Ocean Strategy which is the search for uncontested market space and the business poseur tin canvas which is the nine building blocks for business. The lead the way practice involves making innovation a priority and those innovative leaders should be role models. authentic innovative companies are used as examples for each practice. These include Amazon, Apple, IBM, and Starbucks (Power, 2014-15).Elements of a successful innovation roadmapThis article covers innovation with Rapid Innovation Cycle (RIC). RIC leads to a higher success rate, by showing a repeatable process. It is anintroduction to a work shop. Product, business models, and processes can benefit from this road map. The rapid innovation cycle has four phases. Phase one is define and scope the innovation opportunity, phase two is discover new ideas, phase three develop and design concepts for exp erimentation, and phase four is demonstrate the innovation through piloting and prototyping.The define phase details the way to define and scope an innovation. This is from the customers perspective and saves valuable time and energy. The denudation phase details ways of exploring ideas to solve the issues that came to light in the define phase. The develop phase shows ways of developing the ideas that came from the discovery phase. The demonstrate phase turns the ideas from the development phase into simulations or working prototypes. By following the prescribed roadmap, companies can innovate with little to no waste (Samuel, 2013). use Global insights to drive local innovationThis article shows a strategy to gain innovation by looking at trends and insights on a orbiculate level. By learning what trends are emerging and what global consumers behaviors are, provides important insights to meet consumers needs. Two important areas to focus on are the customers experience and life style focus. The consumers overall satisfaction is a key element, and products need to fulfill a wide array of lifestyles and interests. By following and anticipating these trends, companies can focus their innovation efforts to fulfill these needs (Capercini, 2013).Authors reviewInnovation is a key factor in any business. With the information age moving and advancing as fast as it is, companies nurse to be proactive to keep up. Part of strategic management is innovation this includes having a plan, developing new ways to do business, and new or better products and services. Not paying attention to global as well as local trends could shake catastrophic consequences on a business. It is up management to lead the way and be role models. By finding uncontested market space, companies can have the advantage over competitors.ReferencesCapercini, R. (2013). Innovation Management.se. Retrieved from http//www.innovationmanagement.se/2014/10/28/using-global-insights-to-drive-local-innovat ion/ Power, D. (2014-15). Harvard division of continuing education Professional Development. Retrieved from http//www.dce.harvard.edu/professional/blog/innovation-strategy-4-key-tactics-top-growth-companies Samuel, Dr. P. (2013). Innovation Management.se. Retrieved from http//www.innovationmanagement.se/2014/11/10/elements-of-a-successful-innovation-roadmap/