Thursday, 27 June 2013

Abroad MBA/MS Entrance Question Answer



Does/ did your jobs require you to think for yourself, make original contributions or find innovative solutions? Have you been required to be creative in any way?
In my view innovation is a radical process that collaborates new ideas, utilizes available resources and amalgamates them with new thinking to produce commercially viable and differentiable solution to the customer. It is more important in this economic up-and-downs and ever-changing business environment. Innovation gives flexibility to the business model and ensures the sustainability and success of it.
Innovation enhances effectiveness of physical capital enabling reduction in cost and ensuring sustainability of the product and in this way it becomes complementarity with the effort invested. By the utilization of tradition thinking and methodology and resources available innovation ensures magnified productivity of resources which shows the organization the way to success. Apple has shown the world how innovation can redefine market space. On the other hand during economic slowdown many companies have faced ground because they could not be innovative enough to adapt to the situation.
With the advent of new technologies and drastically-changing customer needs innovation has not only become a necessity but also a reality for the retention of successful business. Innovation help the business to discover the opportunities exist now, or are likely to emerge in the future enabling the practitioner to anticipate future trends.
·        In the project that I'm part of I designed the road-map to be followed by the entire project
o   Elimination of redundancy, rework and conflicts by imposing reverse-engineering approach.
o   Design of structure of the deliverables
o   Presenting the road-map to client.
·        Designed several tools to reduce manual effort
o   Data element search in Database which reduced the effort by 20-30%
o   Structural representation of raw data provided by client that turned out as great help part for everyone’s day to day work.

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