Global Diamond Advantage Conceptual ExerciseOrder Descriptionplease follow all the construction in the document answer all of them and use the link to get the information needed
Students will visit GE Energy Insights. HYPERLINK http://www.ge-energy.com/insights/index.jsphttp://www.ge-energy.com/insights/index.jsp and then review the one of the innovation concepts: Frugal Innovation described.
HYPERLINK http://www.ge-energy.com/insights/industry_insights/frugal_innovation.jsphttp://www.ge-energy.com/insights/industry_insights/frugal_innovation.jsp . Students will then discuss how the concepts of the Global Diamond Advantage are applied.You are a assigned a Global Diamond Advantage concept to each. (Market Access, Resource Access, Local Adaptation, Network Coordination.)
Refer to Figure 6.1 in text Boston Consulting Group Global Diamond Advantage.
Refer class to the websites: HYPERLINK http://www.ge-energy.com/insights/index.jsphttp://www.ge-energy.com/insights/index.jsp
HYPERLINK http://www.ge-energy.com/insights/industry_insights/frugal_innovation.jsphttp://www.ge-energy.com/insights/industry_insights/frugal_innovation.jspMake sure to do all the list Provide the following instructions:
1)Read and review the GE Energy experience that led to Frugal Innovation, a New Standard for Global Growth in Oil and Gas.
2) Relate the activities that are described in the insight brief to the concepts of the Global Diamond Advantage.
3) In what ways has GE embraced the concepts Market Access, Resource Access, Local Adaptation, and Network Coordination.
4) GE does not reveal the three new product concepts, speculate on what those new products could be. Support.