Corning Incorporated – Reinventing new business model Corning Incorporated is an American manufacturer of glass‚ ceramic‚ and materials for the industrial and scientific applications. It was known as Corning Glass Works in 1875. Its strong commitment to innovation was known as the company’s roots. The company committed between four to six percent of its sales to Research‚ Development‚ and Engineering (RD&E). As of today‚ Corning has been primarily operating from Asia Pacific and North America
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How has innovation been used for driving growth at Corning? What is the role of Houghton family? What are the financial results? Right from the days when Corning developed the bulbs for the electric lights designed by Thomas Edison‚ the firms had maintained a strong dedication to technology and innovation. About 4-6 percent of the annual revenue was set aside for research‚ development and engineering. In the 1990s‚ this figure became 10 percent. There was constant emphasis on R&D efforts. Even during
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CORNING INCORPORATED: THE GROWTH AND STRATEGY COUNCIL Company Background : Corning Glass Works was founded in 1851 by Amory Houghton‚ in Somerville‚ Massachusetts. The company was known as Corning Glass Works until 1989‚ when it changed its name to Corning Incorporated. Corning Incorporated is an American manufacturer of glass‚ ceramics‚ and related materials‚ primarily for industrial and scientific applications. In 1998 Corning divested itself of its consumer lines of Corning Ware and Corelle
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Reinventing Your Business Model by Mark W. Johnson‚ Clayton M. Christensen‚ and Henning Kagermann In 2003‚ Apple introduced the iPod with the iTunes store‚ revolutionizing portable entertainment‚ creating a new market‚ and transforming the company. In just three years‚ the iPod/iTunes combination became a nearly $10 billion product‚ accounting for almost 50% of Apple’s revenue. Apple’s market capitalization catapulted from around $1 billion in early 2003 to over $150 billion by late 2007. This
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Management Instructor From: Craig Norcross Date: November 28‚ 2012 Subject: Corning Summary Corning was founded in 1851 and quickly became known as an innovator. One of Corning’s first orders came from Thomas Edison for his light bulbs. Over the next 20 years‚ Corning was able to produce glassware that would be used for railroad signals and specialty glassware used for semaphore lenses and lantern globes. Corning also was able to produce glassware that was used for medical supplies such as
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Question E Strategic Options I would make as CEO Excerpts from Case i. Limit the number of attendees at GSC meetings. Corning should only permit key decision makers‚ employees who have had a long history with the company‚ and those with expertise on the business model being presented‚ to attend. Implementing this would help facilitate open discussion at the meetings as less people would be involved. While a large number of people attend GSC meetings‚ only a few engage in making the decisions. This
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Chapter 1 Organization Development and Reinventing the Organization An Experiential Approach to Organization Development 8 th edition Copyright ©2011 Pearson Education‚ Inc. Publishing as Prentice Hall Chapter 1 Slide 1 Learning Objectives • Define OD and recognize need for change. • Describe culture and understand its impact. • Understand the psychological contract. • Describe five stages of OD. An Experiential Approach to Organization Development 8 th edition Copyright
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Case Studies Corning Glass Background Corning Glass is a large‚ multinational organization involved in glass and related products with an increasing emphasis on high-value‚ technologically-specialized products‚ many of which are now part of joint-venture programmes and developments. Innovation ‘Claim to Fame’ This firm is another of the ‘100 club’‚ having been founded back in the mid-nineteenth century. It was a pioneer in process innovation enabling high-volume manufacture of glass‚
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Reinventing Your Business Model By Mark Johnson‚ Clayton Christensen & Henning Kagermann Summary Submitted by Tiffany The article “Reinventing Your Business Model” is focused on the importance of innovating business models as a means of providing new growth and opportunities for an organization. The three authors‚ Johnson‚ Christensen and Kagermann‚ provide a layout to demonstrate possibilities for an organization. The first step is to understand the definition of a business model. The
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© 2013 Corning Incorporated 2 1 Enabling healthier lives Environmental Technologies Life Sciences Emissions-control solutions Research & bioprocessing solutions © 2013 Corning Incorporated 3 Enabling healthier lives Environmental Technologies Corning® Celcor® flow-through substrates for gasoline & diesel vehicles Emissions-control solutions Corning® DuraTrap® particulate filters for diesel vehicles © 2013 Corning Incorporated 4 2 Corning Environmental
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