Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bank of America Case Study-HBR Comment on what is the contrasted between these two paragraphs A and B? How does it relate to in the

Bank of America Case Study-HBR

Comment on what is the contrasted between these two paragraphs A and B? How does it relate to in the 3 elements of innovation management? Why is it important to understand these two aspect? Where do yourself consider it is important to put the emphasis:

A-Thus, products and services under development could incubate properly without risking premature termination. After all, no automobile company would want a customer to walk up to one of its dealers and drive away with an untested prototype car. And finally, creating an R&D group charged to tinker allowed for much more organizational focus on innovation rather than a group that was supposed to also show operating results.

B-Many executives, however, felt that a separate R&D center would run the risk of becoming "too hypothetical and impractical." Some feared that results from the I&D Market might then not prove duplicable elsewhere. Marrying experiments with real-world banking facilities would thus decrease cycle time for rollout. As Jones reflected on the thinking of the bank's senior leadership: "We were really looking at being able to execute fastso making a separate R&D center is harder. Furthermore, ideas in some R&D centers never get a chance to see the light of day."

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Information Systems

Authors: Ken Laudon, Kenneth Laudon, Jane Laudon

12th Edition

0132142562, 9780132142564

More Books

Students also viewed these General Management questions

Question

5. How can I help others in the network achieve their goals?

Answered: 1 week ago