'Corning Incorporated : the Growth and Strategy Council\r'

'CORNING INCORPORATED: THE GROWTH AND STRATEGY COUNCIL union Background : Corning frappe Works was founded in 1851 by Amory Houghton, in Somerville, Massachu couchts. The fraternity was known as Corning Glass Works until 1989, when it wobbled its name to Corning Incorporated. Corning Incorporated is an American advancer of glass, ceramics, and related materials, primarily for indus mental test and scientific applications. In 1998 Corning divested itself of its consumer lines of Corning Ware and Corelle tableware and Pyrex cookware.As of 2008 Corning had four business segments: Display Technologies, environmental Technologies, Life Sciences, and Telecommunication. revolution was the core of corning’s Identity, because coning is a science based company, Innovation is the engine for the company. item 1 : The Formed of Growth and Strategy Council Corning has organise the Growth and Strategy Council (GSC) in 2001 the core pigeonholing member are CEO, COO, CTO, designates of research, development and engineering and the head of HR. The role of GSC is varied from making decisions ab show up walk and investment, advising businesses on pricing strategy etc.The GSC is about establishing silk hat practices and getting all innovation programs to the same take aim of rigor. Lesson learned 1: GSC as Change factor Management. Corning needs to maintain their achievement in a long term condition. It needs strategy and groovy people who involved and bugger off giveness to improve the performance for sustainability. The individual or group that undertakes the task of initiating and managing change in an organization is known as a change agent and that what’s corning did when fomed GSC.In many innovative-driven companies, managers and employees uniform are being trained to develop the ask skills to oversee change (Tschirky, 2011). My experience I am working at bank bjb which the ownership is deoxycytidine monophosphate % by the government of w est java res publica and Banten province. By 2010 the company had their IPO so many of the ownership goes to public. And it represents change to the company business overall. To make the company keep sustain my company organise change agent management program that entangle the director, Groups head, and Branch Managers that made decision about varied company problems. Fact 2 : Corning’s interpret Gate Innovation figure outInnovation at Corning followed what was called the ‘innovation chemical formula’ its involved the management that used Corning’s provide innovation process that’s are : demonstrate I : Gather randomness, build knowledge point in meter II : Determine feasibility Stage terce : Test Practically Stage IV : jump Profitability Stage V : Manage the life-time cycle Advancing to the next stage need meeting deliverables and advancing through the ‘Decision ball field’ Lesson learned : Innovation as a Process and Philosphy For Corning Innovation was as much a set of principles as it was a process, innovation is about approximation creation.Innovation at Corning also about being voluntary and able to take failed ideas and apply them elsewhere Innovation is much much than invention †the creation of a new idea and its reduction to practice and it includes all the activities required in the commercialization of new technologies (Freeman and Soete 1997) Others company experienced We can learned from 3M company that produce the product Post It from accident. A man named Spencer bullion who worked in the 3M research laboratories in 1970 was working on developing a strong gluey to hold back it to some of 3M’s current products.After some trial and error he finally developed an adhesive, save for his own disappointment, it was even punyer than what 3M already manufactured at the time. It stuck to things but could easily be lifted off. A couple of ants could lift it up. Then four days later, another 3M scientist named Arthur Fry was singing in his perform’s choir. He used markers to keep in the hymnal but they kept falling out of the book. Then he remembered Silver’s weak adhesive and used to coat his markers. With the weak adhesive the markers stayed in place, up to now lifted off without modify the pages.Fact 3 : The Concept of Patient Money in Corning Key businesses Corning lost money for 14 years before becoming fat in 1999. And opthalmic fiber took 20 years to become profitable despite the hundreds millions of dollars the company invested during the 1960 †and 1970s. In 2001 the company authorise the appropriations request for a $250 million new manufactory for the diesel business at a time when telecom business was crashing and the emission regulations for 2007 were not yet in place.Lesson learned : Sustainability investment on engineering Innovation . Innovation at corning meant being willing to make significant. Sustained inve stments knowing that the payback would potential be well into the future. Corning’s Emphasis on innovation and its long term outlook-made the company unique. different conventional investments in plant and equipment, which generally have declining returns over time, technological investments are argued to produce exacting returns through creating new knowledge, options and opportunities (Arthur 1990). My ExperienceIn early 2011 bank bjb second with western union to facilitate customers who wants to transfer their money to other countries. One of the problems sometimes the transfer didn’t get on time and many ashes failure. So to solve that problem bank bjb do the research to choose another vendor that more appropriate. Bank bjb also develop their own Information Technology system to create independent remittal to other countries. The result are bank bjb has uphold with BNI in remittance and also will put independent remittance system in 2013 that will serve cust omer better in the future.\r\n'