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Other Innovations (other + innovation)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	50%

Selected Abstracts

Telematics: Decision Time for Detroit

BUSINESS STRATEGY REVIEW, Issue 2 2001
Anjan Chatterjee
With implications for navigation, safety, entertainment and vehicle maintenance as well as regulation and infrastructure investment in roads, telematics has the potential to transform driving more than any other innovation for decades. In the already well-established Asian telematics industry, revenue tends to come from extra charges at the time of vehicle-sale, with most subsequent services provided free. The US model has evolved differently, with much of the cost of telematics hardware and software subsidized in the initial vehicle sale price and revenue coming from services used. The decision to invest in telematics is therefore riskier in the US. This article first briefly summarizes the potential of telematics. It then analyzes the investment risks, particularly for automakers. It concludes with recommendations on how the US auto industry can minimize risk and make the most of the opportunities. [source]

MIT Roundtable on Corporate Risk Management

JOURNAL OF APPLIED CORPORATE FINANCE, Issue 4 2008
Article first published online: 16 DEC 200
Against the backdrop of financial crisis, a distinguished group of academics and practitioners discusses the contribution of financial management and innovation to corporate growth and value, along with the pitfalls and unintended consequences of such innovation. The main focus of most panelists is the importance of a capital structure and risk management approach that complement the strategy and operations of the business. Instructive examples are provided by Judy Lewent, former CFO and head of strategic planning at Merck, and Lakshmi Shyam-Sunder, director of finance and risk management at the International Finance Corporation. But if these represent successful applications of finance theory, what about the large number of cases where the use of derivatives and other innovations has led to high leverage and apparent risk management failures? Part of the current trouble, as pointed out by Andrew Lo, can be attributed to the failure of risk managers and their models to account for highly improbable events,the so-called fat tails of the distribution. But, as Robert Merton suggests in closing, there is a more comprehensive explanation for today's problems: the tendency of market participants to respond to potentially risk-reducing financial innovation by increasing their risk-taking in other areas. "What we have here," says Merton, ,are two partly offsetting effects of innovation,one that is reducing the risk of companies and their investors, and another that is encouraging greater risk-taking. From a social or regulatory standpoint, the goal is to find the right balance between these two effects or forces. [source]

SIP message prioritization and its applications

BELL LABS TECHNICAL JOURNAL, Issue 1 2006
Harold Batteram
Session Initiation Protocol (SIP) signaling is an integral part of the IP Multimedia Subsystem (IMS) to support services such as Voice over IP (VoIP), multimedia sessions, presence, and instant messaging (IM). All of these services share a common SIP signaling infrastructure. In spite of careful network engineering, SIP network elements may experience high-load situations, in which SIP messages may experience too much delay or even get dropped. This paper addresses how such undesired high-load situations can be handled effectively by introducing a message prioritization mechanism in SIP servers. To validate the mechanism, it has been implemented in a highperformance JAIN*-SIP-compliant Java* SIP stack. This SIP stack incorporates several other innovations, such as a very efficient SIP message parser, and it can be used for a variety of SIP-based applications. Its design enables service providers to define custom message prioritization and rejection strategies based on SIP message characteristics, system state, and statistics. Measurements show that high-priority emergency messages can indeed be serviced without significant delay or loss in a high-load situation. The concept of and techniques for SIP prioritization are the subjects of a Lucent Technologies patent application. © 2006 Lucent Technologies Inc. [source]

Evolution of epiphytes in Davalliaceae and related ferns

BOTANICAL JOURNAL OF THE LINNEAN SOCIETY, Issue 4 2006
CHIE TSUTSUMI
The evolution of epiphytes in Davalliaceae was investigated by field observations and molecular phylogenetic analyses. Field studies revealed that in Davalliaceae and related ferns, epiphytes in a broad sense are classified into climber, secondary hemi-epiphyte, and obligate epiphyte, based on combinations of the places (ground vs. tree) of inferred spore germination and sporophyte growth. Some species of Davalliaceae have multiple life forms, i.e. secondary hemi-epiphyte and obligate epiphyte, whereas others are obligate epiphytes. Phylogenetic trees obtained from rbcL and accD gene sequences supported that secondary hemi-epiphytic Oleandra is sister to the epiphytic Davalliaceae and polygrammoid ferns. Analyses of life form evolution based on the phylogenetic relationships suggested that obligate epiphytes of the Davalliaceae and polygrammoid ferns evolved from secondary hemi-epiphytes, or less likely from climbers. We hypothesized a scenario for the evolution of life forms in Davalliaceae and related groups that involves successive changes in rhizome habit, root function, and germination place. Rhizome dorsiventrality and scale morphology, shared by climbers, secondary hemi-epiphytes, and obligate epiphytes examined, may be other innovations for the ferns to have evolved into epiphytes. © 2006 The Linnean Society of London, Botanical Journal of the Linnean Society, 2006, 151, 495,510. [source]

How Innovative are UK Firms?

BRITISH JOURNAL OF MANAGEMENT, Issue 1 2010
Evidence from the Fourth UK Community Innovation Survey on Synergies between Technological, Organizational Innovations
Using data from the Fourth UK Community Innovation Survey this paper explores the diffusion of a range of innovative activities (encompassing process, product, machinery, marketing, organization, management and strategic innovations) across 16,383 British companies in 2004. Building upon a simple theoretical model it is shown that the use of each innovation is correlated with the use of all other innovations. It is shown that the range of innovations can be summarized by two multi-innovation factors, labelled here ,organizational' and ,technological', that are complements but not substitutes for each other. Three clusters of firms are identified where intensity of use of the two sets of innovations is below average (56.9% of the sample); intermediate but above average (23.7%); and highly above average (19.4%). Distinctive characteristics are found to be common to the companies in each cluster. Finally, it is shown that innovativeness tends to persist over time. [source]

Employment impacts of cleaner production , evidence from a German study using case studies and surveys

BUSINESS STRATEGY AND THE ENVIRONMENT, Issue 3 2001
Friedhelm Pfeiffer
The study assesses net employment effects of technical progress, which can be expected by the ongoing transition from end-of-pipe technologies towards cleaner production. Empirical evidence is presented on the basis of case studies and firm data including a telephone survey from German industry. The main result is that the transition from end-of-pipe technologies to cleaner production leads to a net creation of jobs, which is however restricted to a only small number of firms and to the group of highly skilled labour. Eco-innovations, like other innovations, are non-neutral. The demand for skilled and highly skilled labour rises while the demand for unskilled labour decreases. Synergies between environmental, labour market and innovation policy are apparent but they are however small and specific. The exploitation of these synergies requires the design of specific policy programmes differentiating between types of eco-innovation. The promotion of product-integrated environmental measures should be more successful if new products complement older ones, while process-integrated environmental measures should be more successful if consumers' demand is more price elastic. Copyright © 2001 John Wiley & Sons, Ltd. and ERP Environment [source]