According to the accompanying article on innovation
a. Page 8, Why Important Failures for Organizational Innovation Factor # 5: Tolerance for failure
According to the article, failures are critical to production, ie learning from experience and investigating failure correctly improves organizational processes The article addresses the subject of transparency and the effectiveness of positive reference to "failure" as a basis for effective learning and future success, as this is an opportunity for learning and developing new issues The recognition of failure is the necessary stage that will ultimately lead to innovation.
Factor # 14: How to Reward Toyota for Innovation and Who Rewards
Although Toyota is a Japanese company and Japan is widely accepted for rewarding long-term employees because overlap and professionalization take a long time, employees remain in the company all their lives, they have adopted the American approach in the field of rewards. In addition, this approach creates an opportunity for innovation and knowledge sharing - now it is in the public interest to share information and achieve achievements together, which will eventually lead to a deepening of the knowledge, professionalism of each employee in particular and ultimately the entire organization will improve. The Group Authenticator and the motivation for the Group's success.
According to the article on blue oceans in Israel: What innovative process has caused Bagir to succeed abroad
Bagir is a company that manufactures suits - this is a product that is considered conservative and there is not much to innovate in its field. The company had a large and single major customer, but after a crisis the company experienced that major customer ceased its relationship with the company - which was considered another crisis for the company. In order to get out of the crisis, the company realized that they had to come up with an innovative idea, and the CEO decided to see the crisis as an opportunity, and they invented a suit that can be washed independently at home with a household washing machine and without the need for dry cleaning. For them , the innovative suit has become a dazzling success and has been praised and won a prize for innovation, thanks to which they have succeeded in increasing the circle of customers and turning to many markets abroad. It can be said that Bagir managed to renew a conservative product that for many years had nothing new.
Explain what is causing the shark fin model to adopt an innovative product
The "shark fin" model was created due to the process of penetrating a certain product into a rapidly developing and rapidly developing market. The entry of many products into the market while lowering prices and maintaining high quality, often create media noise which leads to a sharp increase in sales. Because the market today is very competitive (in almost any field) it is possible that very quickly imitations or products that quickly catch the gap and use the same technologies of the original product, and then usually a drop in sales of the same product. The sharp increase in sales and the subsequent decline are similar in the sales graph to the shape of a shark fin, so it was decided to call it that name.
