Innovation can also be implemented internally as it can help manufacturers be more efficient and reduce costs before products are released. Depending on resources and stature, each manufacturer will manage innovation differently, this project will outline how different manufactures manage innovation analysing each approach. To manage innovation manufactures need to identify and analyse the risks involved, this report will identify the risks involved and preventative measures manufactures will take to reduce risk. This project looked at global trends in the automotive industry and outlined why innovation is so important.
Literature research on innovation was undertaken to give a better understanding on innovation and outlining the different types. Innovation risks were looked at covering the major factors involved when a manufacturer makes the choice to innovate. This was followed by looking at different types of risk management techniques and how they aid manufacturers when making decisions. Case studies were analysed showing how innovation plays a major role in business operation and how it was managed by two of the main car manufacturers in the world.
Innovation plays a major part in the car design and manufacturing industry and cannot be ignored as it can have a major impact on a manufactures performance so it is important to identify an effective approach to innovation management. This project has shown the importance of innovation and why it is still not implemented by every manufacturer even though the benefits are known. It has also suggested an effective approach to managing innovation for different types of manufacturers.
Bank Holding Company Performance
Based on the reported balance sheet what is the amount of your institution’s total assets? What was the increase/decrease in total assets from the previous year 9/30/20? What are the main reasons explaining this increase/decrease? How did your institution’s net loans and lease change from 9/30/20? Which types of loans are primarily responsible for this change? How did the allowance for loan and lease losses change from 9/30/20? How did your institution’s total earning assets change from 9/30/20? Which specific earning assets are primarily responsible for this change?