Big business needs to be nimble and stay on its toes



It is often said small organisations are more innovative. Yet to bring about significant change, large organisations must also innovate.
The trouble, as the US President Barack Obama found out last week at the American mid-term elections, is if you try to innovate on a large scale people feel threatened.
One of the issues that irked Republicans and brought out their vote was the president's healthcare reform bill. The bill was passed by Congress in March but all Republicans had voted against it. The bill was based on three principles: reducing the cost of health care; providing greater access; and improving the quality.
Cost, access, quality - three variables that sit comfortably in any innovator's mind. But the voters who went to the polls last week weren't having it. They refused to accept the idea of "big government" telling them what to do, despite healthcare provision being such a "big problem" in the US.
Any chief executive of a large organisation who tries to infuse innovation faces the same dilemma. Large organisations struggle with innovation because they are structured for efficiency. To be efficient, large organisations make every task repeatable and predictable.
But innovation is the opposite mindset of efficiency because it is non-routine and unpredictable. That is why, when innovation takes place within a large organisation, people feel threatened, and the more vociferous among them fight back.
However, organisations that don't innovate will disappear. The executives at Google understand this and are known to encourage staff to spend 20 per cent of their working hours on "pet" projects. The expectation is that this will lead to innovative ideas.
And let's face it, organisations generate lots of ideas. It's the implementation at which they struggle. Thomas Edison, the founder of General Electric, famously said: "Innovation is 1 per cent inspiration and 99 per cent perspiration." In his view, implementation of the idea was the major effort.
Some organisations create a separate executive team to execute; one not hampered by any bureaucracy. This "skunk-works" approach was pioneered by Lockheed Martin for their advanced development programmes.
In 1997 HTC, a little-known Taiwanese firm, made personal digital assistants (PDAs) for other companies through a "white label" business model. It produced the popular iPAQ for Compaq, which commissioned HTC as an original design manufacturer (ODM), in charge of engineering and design.
The iPAQ was the first colour-screen PDA that ran on the Microsoft Windows' CE platform and was an immediate hit with business professionals, with sales orders reaching 200,000 units a month, almost seven times HTC's expectations.
In 2002, HTC made the XDA for the European mobile operator O2. It was one of the first Windows-based smartphones.
HTC was operating in two distinct segments. It was an ODM for the likes of Compaq, where it did not get involved in sales, marketing, or inventory management. And it was operating as a designer of mobile phones for operators such as T-Mobile, Orange and Vodafone.
Both of these business models functioned well, and by 2006 HTC shipped more than 70 per cent of the world's Windows Mobile smartphones.
But HTC recognised the landscape was changing. Apple, RIM, Palm, Nokia and Google were now defining the shape of the market, and every major vendor had launched an applications store or related services that stuck with customers. HTC did not have an end-customer facing brand; no one knew who they were.
Its executives took the courageous decision to brand and sell handsets under its own name. This was a high-risk strategy because it would need to directly take on inventory, marketing and support, and warranty risks. Plus, there was the fear among HTC executives that mobile operators and device brands would now see them as a competitor. HTC's share price halved as investors expressed anxiety with the new business model.
Rather than entering the market with a "me-too" offering, HTC began engineering a next-generation phone that would set it apart from the rest of the field. It worked on an innovative touch-screen interface.
Little did they know that Apple was about to unveil the iPhone, all ready to go with its own touch-screen technology. Rather than panicking, HTC finished its own HTC Touch product and shipped it three weeks before the iPhone hit the market.
Immediately, it became known as the "other iPhone" and more than 3 million Touch phones were sold worldwide in 11 months, about half of iPhone sales in the same period. Suddenly, people were talking about Apple and HTC in the same breath. It was a major coup for HTC, a company that previously had no brand position with end customers. No amount of advertising could have bought that position.
The executives at HTC took a "bet my company" approach to innovation and it worked. Critically, they defined the problem space, conceived the idea and implemented it.
Some big socio-economic problems require big-government intervention. Last week, many voted against healthcare reform. They saw it as a threat.
The Obama administration, like any organisation facing entrenched positions, has two options: capitulate, or as Edison would have recommended, keep perspiring until the job is done.
Rehan Khan is a business consultant and writer based in Dubai.

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Directors: Scott Beck, Bryan Woods

Stars: Adam Driver, Ariana Greenblatt, Chloe Coleman

Rating: 2/5

Confirmed bouts (more to be added)

Cory Sandhagen v Umar Nurmagomedov
Nick Diaz v Vicente Luque
Michael Chiesa v Tony Ferguson
Deiveson Figueiredo v Marlon Vera
Mackenzie Dern v Loopy Godinez

Tickets for the August 3 Fight Night, held in partnership with the Department of Culture and Tourism Abu Dhabi, went on sale earlier this month, through www.etihadarena.ae and www.ticketmaster.ae.

'Unrivaled: Why America Will Remain the World’s Sole Superpower'
Michael Beckley, Cornell Press

Specs: 2024 McLaren Artura Spider

Engine: 3.0-litre twin-turbo V6 and electric motor
Max power: 700hp at 7,500rpm
Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
0-100km/h: 3.0sec
Top speed: 330kph
Price: From Dh1.14 million ($311,000)
On sale: Now

Profile of Hala Insurance

Date Started: September 2018

Founders: Walid and Karim Dib

Based: Abu Dhabi

Employees: Nine

Amount raised: $1.2 million

Funders: Oman Technology Fund, AB Accelerator, 500 Startups, private backers

 

if you go
Match info

Wolves 0

Arsenal 2 (Saka 43', Lacazette 85')

Man of the match: Shkodran Mustafi (Arsenal)

How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

Director: Nag Ashwin

Starring: Prabhas, Saswata Chatterjee, Deepika Padukone, Amitabh Bachchan, Shobhana

Rating: ★★★★

The Roundup : No Way Out

Director: Lee Sang-yong
Stars: Don Lee, Lee Jun-hyuk, Munetaka Aoki
Rating: 3/5

Company Profile

Company name: Hoopla
Date started: March 2023
Founder: Jacqueline Perrottet
Based: Dubai
Number of staff: 10
Investment stage: Pre-seed
Investment required: $500,000

The specs

Engine: 5.2-litre V10

Power: 640hp at 8,000rpm

Torque: 565Nm at 6,500rpm

Transmission: 7-speed dual-clutch auto

Price: From Dh1 million

On sale: Q3 or Q4 2022

Difference between fractional ownership and timeshare

Although similar in its appearance, the concept of a fractional title deed is unlike that of a timeshare, which usually involves multiple investors buying “time” in a property whereby the owner has the right to occupation for a specified period of time in any year, as opposed to the actual real estate, said John Peacock, Head of Indirect Tax and Conveyancing, BSA Ahmad Bin Hezeem & Associates, a law firm.

Abu Dhabi Equestrian Club race card

5pm: Abu Dhabi Fillies Classic (PA) Prestige; Dh110,000; 1,400m
5.30pm: Abu Dhabi Colts Classic (PA) Prestige; Dh110,000; 1,400m
6pm: Maiden (PA); Dh80,000; 1,600m
6.30pm: Abu Dhabi Championship (PA) Listed; Dh180,000; 1,600m
7pm: Wathba Stallions Cup (PA) Handicap; Dh70,000; 2,200m
7.30pm: Handicap (PA); Dh100,000; 2,400m

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

SPEC SHEET: APPLE IPAD PRO (12.9", 2022)

Display: 12.9-inch Liquid Retina XDR, 2,732 x 2,048, 264ppi, wide colour, True Tone, ProMotion, 1,600 nits max, Apple Pencil hover

Chip: Apple M2, 8-core CPU, 10-core GPU, 16-core Neural Engine

Memory: Storage – 128GB/256GB/512GB / 1TB/2TB; RAM – 8GB/16GB

Platform: iPadOS 16

Main camera: Dual 12MP wide (f/1.8) + 10MP ultra-wide (f/2.4), 2x optical/5x digital, Smart HDR 4

Video: ProRes 4K @ 30fps, 4K @ 24/25/30/60fps, full HD @ 25/30/60fps, slo-mo @ 120/240fps

Front camera: TrueDepth 12MP ultra-wide (f/2.4), 2x, Smart HDR 4, Centre Stage, Portrait, Animoji, Memoji; full HD @ 25/30/60fps

Audio: Four-speaker stereo

Biometrics: Face ID, Touch ID

I/O: USB-C, smart connector (for folio/keyboard)

Battery: Up to 10 hours on Wi-Fi; up to nine hours on cellular

Finish: Silver, space grey

In the box: iPad, USB-C-to-USB-C cable, 20-watt power adapter

Price: WiFi – Dh4,599 (128GB) / Dh4,999 (256GB) / Dh5,799 (512GB) / Dh7,399 (1TB) / Dh8,999 (2TB); cellular – Dh5,199 / Dh5,599 / Dh6,399 / Dh7,999 / Dh9,599

LA LIGA FIXTURES

Saturday  (UAE kick-off times)

Leganes v Getafe (12am)​​​​​​​​​​​​​​

Levante v Alaves (4pm)

Real Madrid v Sevilla (7pm)

Osasuna v Valladolid (9.30pm)

Sunday

Eibar v Atletico Madrid (12am)

Mallorca v Valencia (3pm)

Real Betis v Real Sociedad (5pm)

Villarreal v Espanyol (7pm)

Athletic Bilbao v Celta Vigo (9.30pm)

Monday

Barcelona v Granada (12am)

UAE v Gibraltar

What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

MATCH INFO

Syria v Australia
2018 World Cup qualifying: Asia fourth round play-off first leg
Venue: Hang Jebat Stadium (Malacca, Malayisa)
Kick-off: Thursday, 4.30pm (UAE)
Watch: beIN Sports HD

* Second leg in Australia scheduled for October 10

Draw:

Group A: Egypt, DR Congo, Uganda, Zimbabwe

Group B: Nigeria, Guinea, Madagascar, Burundi

Group C: Senegal, Algeria, Kenya, Tanzania

Group D: Morocco, Ivory Coast, South Africa, Namibia

Group E: Tunisia, Mali, Mauritania, Angola

Group F: Cameroon, Ghana, Benin, Guinea-Bissau

UAE SQUAD

Omar Abdulrahman (Al Hilal), Ali Khaseif, Ali Mabkhout, Salem Rashed, Khalifa Al Hammadi, Khalfan Mubarak, Zayed Al Ameri, Mohammed Al Attas (Al Jazira), Khalid Essa, Ahmed Barman, Ryan Yaslam, Bandar Al Ahbabi (Al Ain), Habib Fardan, Tariq Ahmed, Mohammed Al Akbari (Al Nasr), Ali Saleh, Ali Salmin (Al Wasl), Adel Al Hosani, Ali Hassan Saleh, Majed Suroor (Sharjah), Ahmed Khalil, Walid Abbas, Majed Hassan, Ismail Al Hammadi (Shabab Al Ahli), Hassan Al Muharrami, Fahad Al Dhahani (Bani Yas), Mohammed Al Shaker (Ajman)

The specs

Engine: 3.9-litre twin-turbo V8
Power: 620hp from 5,750-7,500rpm
Torque: 760Nm from 3,000-5,750rpm
Transmission: Eight-speed dual-clutch auto
On sale: Now
Price: From Dh1.05 million ($286,000)

CABINET OF CURIOSITIES EPISODE 1: LOT 36

Director: Guillermo del Toro
Stars: Tim Blake Nelson, Sebastian Roche, Elpidia Carrillo
Rating: 4/5

The results of the first round are as follows:

Qais Saied (Independent): 18.4 per cent

Nabil Karoui (Qalb Tounes): 15.58 per cent

Abdelfattah Mourou (Ennahdha party): 12.88 per cent

Abdelkarim Zbidi (two-time defence minister backed by Nidaa Tounes party): 10.7 per cent

Youssef Chahed (former prime minister, leader of Long Live Tunisia): 7.3 per cent

SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now