The Effects Of Mining On The Environment And Economy For...

Mining is the process or industry of obtaining coal or other minerals from a mine. A new mining project, called the Back Forty, is was proposed and is located on the Michigan and Wisconsin border. This project is said to begin around 2020 and created concern for some people. The Aquila Resources Inc. is the company behind this proposal, and they said â€Å"it will invest more than $300 million to extract gold, zinc, copper and silver along the Menominee River† (Bergquist, 2016). The Menominee river is part of the border between Wisconsin and Michigan. The mine will have large effects on the environment and economy for Lake Michigan and Wisconsin. The next paragraphs will discuss the positive and negative effects that the Back Forty could create. One side would be for the mine and say that the economic benefits would outweigh the negative effects on the environment, while the opposing side would say the opposite. To begin, those who are for mining would say that the Back Forty will have positive effects on the economy in places near it. Many people could assume that opening a mine could create more jobs, and essentially help the economy. One example, from another mine from Hunter Valley, is that mining â€Å"provided the major source of energy for industry, transport and economic development,† (Cottle, 2013). This shows that mining can have very good impacts. A specific way the Back Forty can affect northeastern Wisconsin is it â€Å"would generate more, than $20 million in new tax revenueShow MoreRelatedEnvironmental Safety Standards For Mining2241 Words   |  9 Pagesmulti-million -dollar impact to the local economy†¦will be good, family-supporting positions and Aquila is committed to hiring local residents for as many jobs as possible† (Aquila Resources). In addition, the metals that the Back Forty mine will be producing are crucial to people’s everyday lives fr om cars and computers to green technologies and healthcare (Aquila Resources). Aquila proclaims a staunch commitment to safe, environmentally conscious mining â€Å"meeting or exceeding Michigan’s very highRead MoreHydraulic Fracking Essay15746 Words   |  63 PagesEconomic Considerations for Hydraulic Fracturing†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 25 Variable Economic Issues†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.Page 20 Hydraulic Fracturing Guarantees many Benefits for Local Economy†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..Page 33 Ancillary Products and Business†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...Page 35 Psychological Considerations and Sociological Effects†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. Page 38 Political and Legal Influences†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...Page 40 Environmental Concerns†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...Page 43 References†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreApplied Concept Paper5805 Words   |  24 PagesDelphi Automotive. This deal was for the acquisition of FCI motorized vehicles unit, which manufactures auto connection systems. The deal cost Delphi Automotive 765 million euros ($987.5 million). Delphi Automotive has its headquarters in Troy, Michigan. It was saved by the United States Government in 2005. Since then, the company has recuperated; however, it has done so by decreasing its costs, such as, massive layoffs and downsizing its manufacturing business. With this merger, Delphi expectsRead MoreOne Significant Change That Has Occurred in the World Between 1900 and 2005. Explain the Impact This Change Has Made on Our Lives and Why It Is an Important Change.163893 Words   |  656 Pageswas enticed by labor recruiters who preyed on the desperately poor. The prospects for the great majority were almost invariably lives of drudge labor in urban sweatshops, on tropical plantations, or on the wharves of an expansive, global export economy. Throughout the century, advances in human rights, which were spread ever more broadly among different social groups—including women, laborers, INTRODUCTION †¢ 3 ethnic minorities, and gays—made strides that were perhaps greater thanRead MoreManaging Information Technology (7th Edition)239873 Words   |  960 PagesSystems Debacle CASE STUDY II-1 Vendor-Managed Inventory at NIBCO CASE STUDY II-2 Real-Time Business Intelligence at Continental Airlines CASE STUDY II-3 Norfolk Southern Railway: The Business Intelligence Journey CASE STUDY II-4 Mining Data to Increase State Tax Revenues in California CASE STUDY II-5 The Cliptomaniaâ„ ¢ Web Store: An E-Tailing Start-up Survival Story CASE STUDY II-6 Rock Island Chocolate Company, Inc.: Building a Social Networking Strategy CASE STUDYRead MoreStephen P. Robbins Timothy A. Judge (2011) Organizational Behaviour 15th Edition New Jersey: Prentice Hall393164 Words   |  1573 Pagestransmission in any form or by any means, electronic, mechanical, photocopying, recording, or likewise. To obtain permission(s) to use material from this work, please submit a written request to Pearson Education, Inc., Permissions Department, One Lake Street, Upper Saddle River, New Jersey 07458, or you may fax your request to 201-236-3290. Many of the designations by manufacturers and sellers to distinguish their products are claimed as trademarks. Where those designations appear in this book,Read MoreManagement Course: Mba−10 General Management215330 Words   |  862 Pagesinstructor is solely responsible for the editorial content of such materials. 111 MANGGEN ISBN: 0−390−58539−4 Management Contents Feigenbaum−Feigenbaum †¢ The Power of Management Capital 1. New Management for Business Growth in a Demanding Economy 1 1 Text Jones−George †¢ Contemporary Management, Fourth Edition I. Management 17 17 2. The Evolution of Management Thought Hughes−Ginnett−Curphy †¢ Leadership, Fifth Edition I. Leadership is a Process, Not a Position 51 51 70 1. LeadershipRead MoreFinancial Analysis of General Electric98175 Words   |  393 Pagesand now the European crisis— quite a bit. Today, we live in what most business commentators call a volatile world. I would argue that when the environment is continuously unstable, it is no longer volatile. Rather, we have entered a new economic era. The emerging economies grow, while the developed world slows. Some of the world’s largest economies face massive ï ¬ scal deï ¬ cits and must deleverage. Interest rates are likely to stay low for extended periods. Material prices are moving higher. ThereRead MoreFundamentals of Hrm263904 Words   |  1056 PagesThis online teaching and learning environment integrates the entire digital textbook with the most effective instructor and student resources With WileyPLUS: Students achieve concept mastery in a rich, structured environment that’s available 24/7 Instructors personalize and manage their course more effectively with assessment, assignments, grade tracking, and more manage time better study smarter save money From multiple study paths, to self-assessment, to a wealth of interactive visualRead MoreProject Managment Case Studies214937 Words   |  860 Pagesreferences and index. ISBN-13: 978-0-471-75167-0 (pbk.) ISBN-10: 0-471-75167-7 (pbk.) 1. Project management-Case studies. I. Title. Printed in the United States of America Contents Preface xi 1 PROJECT MANAGEMENT METHODOLOGIES 1 Lakes Automotive 3 Fems Healthcare, Inc. 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Earnings Management Essay - 1007 Words

Introduction Financial statements provide useful information to a wide range of users. These users include shareholders, owners, investors, suppliers, managers, government and creditors etc. Many users rely on the information from financial statements to make decisions. Therefore, financial statements should be relevant, provide faithful representation, comparability, verifiability, timeliness and understandability. However, there are different evidences of managers manipulating the earnings for various reasons. â€Å"Earnings management is the choice by a manager of accounting policies, or real actions, affecting earnings so as to achieve some specific reported earnings objective† (Scott, 2012, p. 423). Managers play an important role in†¦show more content†¦The studies of Paul M. Healy (1985) indicated incomes and accounting polices changes strongly associated with the mangers’ bonus contracts from two types of tests, accrual tests and tests of changes i n accounting policies. Healy (1985) conclude â€Å"Managers are more likely to choose income-decreasing accruals when their bonus plan upper or lower bounds are binding, and income-increasing accruals when these bounds are not binding† (p. 106). Therefore, managers would have the motive to manipulate the earnings. Avoid getting fired is another reason that managers participate in earnings management. Majority of the managers are evaluate based on the company’s performance. If the company’s performance does not meet the investors or shareholders’ expectations, the manager could potentially get fired. Managers would have the motivation to make sure the net income meet with the expectations. Corporates Motives Managers engage in earnings management for corporate interests. Corporations have strong interests to meet the investors’ expectations as managers. Scott (2012) mentioned failure to investors’ earnings expectations has direct impact on the companies (p. 435). It will affect the firm’s share value, and investors might not invest the firm due to the earnings does not meet the expectation. Meeting investors’ earnings expectation is a great motive of earnings management. When aShow MoreRelatedEarning Management1159 Words   |  5 PagesEarning management is good or not? Introdcution This essay is to examine whether earning management is it good or bad. Though there is so many debate about whether it should be accepted to be good rather than bad, however, this essay will explain the both side of earnings management. Earnings management reduces the quality of financial reporting, it can interfere with the resource allocation in the economy and can bring adverse consequences to the financial market. This essay analyses both, causesRead MoreEarnings Management3502 Words   |  15 PagesIs earnings management good or bad? Who (or which part of corporate governance mechanisms) is responsible to constrain earnings management? To what extent can the auditor constrain earnings management? Propose some methods for the auditors to detect and constrain earnings management. Does market react to firms earnings management behavior? In order to discuss earnings management and what its affects are on business and whether or not its a good thing, one must first understand what earnings managementRead MoreEarning Management: Is It Good or Not?1167 Words   |  5 PagesEarning management is good or not? Introdcution This essay is to examine whether earning management is it good or bad. Though there is so many debate about whether it should be accepted to be good rather than bad, however, this essay will explain the both side of earnings management. Earnings management reduces the quality of financial reporting, it can interfere with the resource allocation in the economy and can bring adverse consequences to the financial market. This essay analyses both, causesRead MoreEthics in Earnings Management Essays1320 Words   |  6 Pagesconcern. With that goal in mind, management must continually report sustained or improved earnings to stakeholders to ensure constant and new investments in the company’s future (Geiger van der Laan Smith, 2010). The pressure to report positive results can lead management to engage in earnings management activities to alter short-term results to meet the goals set forth (Geiger van der Laan Smith, 2010). In addition to the pressures on company management, broad accounting principles introduceRead MoreFigure Out Weather Earnings Management Is Fraud1822 Words   |  8 PagesSummary The objective of this research paper is to figure out weather earnings management is fraud. I included some information of earnings management first. Earnings management is managers’ accounting choices. Managers may use different accounting techniques to create some opportunities within the boundary of GAAP, so that they can make financial statements look better. I stated the top 5 techniques of earnings management and relevant examples: †¢ The big Bath †¢ Cookie jar reserves †¢ Revenue recognitionRead MoreQuestions On Financial Earnings Management1758 Words   |  8 PagesDichev 1997; Degeorge, Patel and Zeckhauser 1999) identify three earnings thresholds managers seek to achieve when they report financial statements: avoiding negative earnings, avoiding earnings declines, and avoiding negative earnings surprises. A large number of studies use these three earnings thresholds to test earnings management in various research settings. This dissertation investigates another potential earnings management threshold, peer performance, which has been largely ignored in theRead MoreEarning Management4183 Words   |  17 PagesIndustry of UAE Practice Earnings Management Dr. Mohammed Obeidat Introduction It is the right of external users of accounting information to be provided with more adequate information to protect their interests. Many questionable issues concerning the term of earnings management are still available. Auditors, accountants, financial analysts, and other concerned parties may hold the responsibility of detecting external users from the practices of earnings management. Many questionable issuesRead MoreEarning Management4172 Words   |  17 PagesBanking Industry of UAE Practice Earnings Management Dr. Mohammed Obeidat Introduction It is the right of external users of accounting information to be provided with more adequate information to protect their interests. Many questionable issues concerning the term of earnings management are still available. Auditors, accountants, financial analysts, and other concerned parties may hold the responsibility of detecting external users from the practices of earnings management. Many questionable issuesRead MoreThe Practices Of Earnings Management1342 Words   |  6 PagesFrom my point of view, I believe that the different practices of earnings management are misleading to the stakeholders, and it aims at increasing or decreasing the reported earnings based on the executive decisions and what would serve their position in the market. This drives us to ask who the users of the company’s financial statements are. Those are the parties that rely on financial statements for decision making. And they are summarized in the following groups: Employees, Customers, SuppliesRead MoreA History Of Earnings Management1624 Words   |  7 PagesA History of Earnings Management, Financial Scandals, and the Resulting Legislations At the turn of the 21st century, America found itself wrought with multiple financial scandals. The poor decisions of just a few executives resulted in thousands of people out of a job, pension funds wiped away, and houses going back to the bank. While earnings management was certainly not a new concept nor was the resulting fraud, the high number of scandals within a short period of time brought it front and center

Why Did Franklin Delano Roosevelt Win the 1932 Free Essays

Why did Franklin D. Roosevelt win the 1932 presidential election? Franklin D. Roosevelt won the 1932 presidential election reasons. We will write a custom essay sample on Why Did Franklin Delano Roosevelt Win the 1932 or any similar topic only for you Order Now His margin of victory over Herbert Hoover was the largest in recorded history up to that time. One of the foremost reasons why Roosevelt won was because people believed that he could take America out of the Great Depression unlike Hoover. They believe he will take real action to deal with the Depression. His policies and ideals were much more popular and suitable for the situation they were in. Hoover believed in ‘rugged individualism’ where people should not expect help from the government and that the government will not interfere. Whereas Roosevelt promised his ‘New Deal’, which would provide jobs and relief for the poor, and the unemployed, action to help industry and agriculture and resolve the banking crisis. Roosevelt promised the government would help and starting funding charities and many construction projects, whereas under Hoover the government rarely funded relief programmes or charities, which relied on generous wealthy individuals and towns and cities. He believed the power of the government should be used to create a fairer society, bringing hope to many Americans. Also all Hoover promised in his election was that the USA had ‘turn the corner back to prosperity’ whereas Hoover had his ‘New Deal’, which seemed much more promising. Also when Hoover won his first term election he said that every American would have two cars in the garage and chicken in the pot. However, many people were now unemployed and homeless. Many people did not trust Hoover or his promises. However the main reason that Roosevelt triumphed over Hoover would be because he was immensely popular, his public image was much better. Hoover had the image of an uncaring heartless person, whereas Roosevelt was seen as a fighter, having fought polio and running as president even though paralysed waist down. Furthermore, what he had done for the ordinary people of New York as governor added to his caring image. Hoover had taken office shortly before the Crash. Many Americans blamed him for it and not doing enough. The way they conducted their campaigns were also vital. Roosevelt’s smile and optimism proved far more popular with the electorate than Hoover’s grim looks. Furthermore, Roosevelt got out to meet the people, toured around America far more than Hoover. People got to know him and he was willing to listen to their problems. There are many images of him talking and shaking hands with ordinary people. When talking to crowds he would mention ordinary individuals he had talked to and there problems – a woman with a baby, a miner, an old fellow†¦ This gave Roosevelt the image of someone who cares for the ordinary person, whereas Hoover didn’t seem interested in his or her problems. Moreover, since Hoover believed the economy would eventually recover by itself, therefore not providing much relief, it further added to Hoovers image of being uncaring and heartless, which is unfair because he eventually did take a little actions, but definitely not enough and was not seen as the right man for the task of bringing about a recovery. A crisis point was reached in the summer of 1932 where bonus marchers, people who fought in World War One, marched in Washington DC demanding their payment of $500. Hoover reacted badly to this, using tanks, the army and tear gas to disperse the marchers. Two of them died. Many people did not like how Hoover treated the people who risked their lives for their country. Furthermore, Roosevelt promised to bring end to the extremely unpopular prohibition of alcohol. People wanted a drink – free and legal. People were tired of all the problems Prohibition had caused – the gangsters, killings, crooked dealings by big businesses etc. Overall, Roosevelt’s proposed policies, optimistic attitude and smile, campaigning around the country, talking to listening to the ordinary person and his promise to end the unpopular prohibition was more than a match for Hoovers grim looks, uncaring and heartless image, ‘rugged individualism’ and the way he conducted his campaign. Hoover was not an evil man, however, he was not the right man to lead America and the world through the Great Depression. Roosevelt was extremely popular, had a great public image and relationship, and seen as the only person who could lead America out of the Depression. How to cite Why Did Franklin Delano Roosevelt Win the 1932, Essay examples

The Future of Innovation Management

Question: Discuss the five key seps for future success? Answer: Introduction: In this technological trend and customer centric market approach, almost every organization is booming in this modern age. There are numbers of trends and technologies are in use to provide the ultimate customer satisfaction and utmost benefit for the company. On the other hand, it has become much more required to have required expertise within the organization those will understand the requirement of technology driven processes and train the others as per the required functions those are handled by the numbers of employees within the organization. In this document, I will be enclosing all the recommendation and viewpoints with the parallel criticism of authors view point. To manage the higher revenue and to give the proper working environment, numbers of technological tools are in use. Other than all of these tools and methodologies numbers of approaches have been mentioned in the case study, those are, Customer based innovation, frugal innovation, proactive business model, low risk / high speed innovation, 5 integrated innovation. Customer based innovation is all about finding new and more insightful ways to get indulged with potential customers and making intense relationship with them. Customer based innovation is mainly carried by achieving total customer experience along with heavy concentration on the emotional aspect to understand their customers. On the social networking sites provide ultimate customer satisfaction by communicating them through an open platform and helps to increase the B2C and B2B commerce model for the business growth. Frugal innovation refers to that approach where market expansion heavily relies upon developing innovation for the needy people or to the people with less income, these people are taken as the starting point to offer innovation and then focus are given for the applying and distributing them in a industrial markets. While author is talking about the business model innovation, he has defined some key points to capture the strategy and operations to form innovative business models.High speed or the low risk innovation is focused upon the reducing time to market products and instigate the speed of product cycle those do not have the possibility to slow down within next 10 years. On the other hand integrated innovation takes place, when the new plan or the idea for the development of new product are applied practically not only to increase the revenue but also to increase the competitiveness within the industry.On the other hand to have a bright future of innovation management every expertise in the organization required updating their knowledge of their particular domain and they need to give training to their subordinates also. While we are talking about the future of innovation management, it has become a part of the process to have strong infrastructure when an organization is dealing with some kind of changes in the field of change management, incident management and problem management. On the oth er hand not only the adaptation of innovative approach can bring the change towards positive outcome, but it is also required to have proper planning to execute overall task. Background: In this documentI will be presenting my viewpoint supporting authors 5 steps of making future of innovation management (kearney, 2015). Numbers of technologies are evolving now a day to facilitate the future of innovation management. No doubt, for the growth of revenue and to have accurate outcome, it became necessary for almost all of the organization to welcome innovation in their tools and methodologies across the organization. Hence it became possible for organizations nowadays to take more customer centric decisions being aware about their preferences (Abbasi, 2015). On the other hand use of more advanced tools and methodologies has indulged havoc use of internet across the organization. Use of internet along with the concept of client server model has allowed handling numbers of task within the organization taking less amount of time. On the other hand use of security mechanisms along with the touch of innovation has introduced less number of risks while accomplishing a task (A nnanper, Liukkunen and Markkula, 2015). Sometime organizationstake number of steps to introduce innovative approach to accomplish a task. Managers or the higher authorities in organization look for the appropriate situation and make their employees convinced about why some innovative approaches are needed and moreover what is the purpose of innovation management. On the other hand to have a bright future of innovation management every expertise in the organization required updating their knowledge of their particular domain and they need to give training to their subordinates also (Barczak, 2012). While we are talking about the future of innovation management, it has becomea part of the process to have strong infrastructure when an organization is dealing with some kind of changes in the field of change management, incident management and problem management. On the other hand not only the adaptation of innovative approach can bring the change towards positive outcome, but it is also required to have proper planning to execute overall task (Bergendahl and Magnusson, 2014). It is required for owners of an organization to understand the life time of those innovative approaches, that how long these changes can serve desired service to customers. Sometimes managers eliminate the different management level controls and broaden the region of access of rights, methods and tools but within certain span of time all the expansions narrowed down. To overcome this situation it is required for the managers to focus on the root cause of the problem rather than only count of problems, higher authorities should focus on the capstone rather than corner stone. All the required information those are available in hand must be used to find the cause behind the use of the innovation driven solution (Bicen and Johnson, 2015). Literature Review: BirkinshawHansen (2007) both the mentioned that there is no explicit solution to improve innovation in an organization. Both of them have mentioned that to have a grip for the end-to-end view of the innovation while identifying their innovation efforts and weakness and some best practices based on innovation to find out the deficiencies. As per the BirkinshawHansen (2007) believe that it is required for managers to focus upon the weak points to strengthen those points. According to them Idea-poor companies generally fail to copy the quality links and potential networks those are outside of their departments (Bitpipe.com, 2015). Hamel (2006) have sated the fact that over past 100 years, innovation management have performed all the companies to go through the performance thresholds. According to the Prather (2010) the working climate that the leaders create is considered as the one of the biggest to govern the success of the whole organization towards the innovation effort. In order to offer right approach towards the innovation, it is required for the leaders to make their employees more involved and encourage taking challenges. Prather have shown that an innovation needs quality input from employees for decision making purpose (Brexendorf, Bayus and Keller, 2015). Getz Hamel (2004) has also suggested the need of goal oriented midterm innovation to understand how the company is pursuing the success. According to them a company need to go deep down to bring out the innovative idea that can focus upon changing customer behaviours and expectations, changing the base of getting advantage from the competitive market and last of all it is required to change the industry economics. For example, employees of whirepool are required to go through some courses those are mandatory to understand the fundamentals of business innovation (Canils and Rietzschel, 2015). A study by ManeCerenkov in the year of 2005 has shown the importance of strategic innovation and executive cultural intelligence and concept of merging them. In the year 2003, Chesbrough have argued that isolationism allows innovation. On the other hand open innovation is an approach that allows tools such as joint ventures, licensing and other strategic benefits that will allow trading for free and allow new ideas to flow (Chen, Zhao and Wang, 2015). Hamel (2006) believes that innovation management is more than any kind of innovation that allows companies to cross new performance thresholds and allow finding new solutions to overcome 230 years of indigenous disadvantage that will need to turn back from the traditional approach of managing principles, practice and processes (Eagar, 2011). Garnier(2008) believes that it is much more required to give back the power to the researchers by identifying the research and development into small to highly focused group lead by the people who are the leaders in their scientific fields and can guide and encourage their team to gain the vastness (Von Stamm and Trifilova, 2010). For example, GSK set the example by breaking the organizational pyramid into collection of highly concerned centres to provide the excellent design to improve the transparency, to increase the speed of decision making to emphasis the essence of innovation (Faridian, 2015). As per the Baum (2006), innovation culture can be seen in the corporate world where businesses have their survival chances as they are producing products and giving services that are more reliable and customer centric than their competitors. While research and development results improve new products and services on the other touch of innovation make the product or services truly different from competitors product and let customers live better (Fay et al., 2014). Newman, in the year of 2009 has put forth the acronym CREATIVE to develop an innovative research and development culture. CREATIVE stands for Customer-focused, Risk-tolerant, Entrepreneurial and Alignment with strategy, Technological and scientific excellence, Innovative, Virtual organization and Execution. At prior stage establishing innovative culture is challenging as long term task cannot be done with the help of only single program (Galbraith, 2015). As per the Ulwick (2006) the traditional approach of asking customers for solution can weaken the innovation process as listening too closely can lead to the tendency for the incremental improvements rather than bold, customer keep asking for the missing features rather than concentrating on those products are already delivering preferred features, on the other hand customer do not need improved features (Gassmann, Enkel and Chesbrough, 2010). While critical factors are concerned with respect to innovation of public goods in research organization, or the need of innovative goods at corporate sectors starts with the process of embedding innovation as the main value of within the organization. Organizational innovation is the consistent process that is spread across the organization (Souto, 2015). Critical analysis from my viewpoint: In this journal author has discussed five key steps for innovation. Though there are numbers of arguments to have been represented with all the necessary facts that can reflect the future of innovation management. It is obvious that the use of customer based innovation is much more liable as it helps to retain the existing customer and also helps to attract new customer. Now a day almost every organization is adopting online presence for better customer acquisition (Goepel, Hlzle and zu Knyphausen-Aufse, 2012). Even with recent technological trend it became possible for almost every organization to adopt numbers of tools and methodologies in order increase level of performance and to achieve good will for the organization. For example, use go analytics tools and other highly advanced software have made it possible to make customer profiling, these tools have helped an organization to know their potential customer and their respective buying behavior (Siemens.com, 2015). These analyti cs tools segregates or classify customers as per their buying behaviour, i.e. what are the product ranges they are using, what are pair of products they choose most of time. On the other hand these analytics tool store fetches data from online forums or open blog, wherever organizations link is associated (Innovation C-Scape: Looking to the Future: Gary Smyth, 2015). After fetching those data using mining tools organization segregates their customers and generates advertisement for more upcoming new range of products of customers preferable brand using short messaging services and also let them create their own account on companys website and send some product suggestion of their preferable brand in respective customers account and give them updates regarding promotional pricing, value added services and all (Karlsson and Stetler, 2015). On the other hand these organizations now a day there are some tools to grow revenue across the organization. For example, use of RFID tags.RFID sy stem allows tracking the physical location of products that in other term provide security and helps to estimate the shipping cost. Incorporation of RFID chips helps in effective supply chain management. On the other hand havoc use of internet has made it possible to have smooth flow of information among different parts of the organization. In the prior stage when a company start blooming, that is where they end up due to their low capacity of execution of their planning and lack of proper flow of information. With the time and gradually increasing ear of internet, it has become possible to connect different parts of organization and allows smooth flow information (kearney, 2015). For example, different parts of an organization nowadays are connected with the help of router, switch and through the wireless and wired medium. A CIO or chief security officer is responsible for smooth flow of the information and network administrator plays an important role to provide the utmost connect ivity among different part of the organization located at different geographic location and advises security practitioners to impose hardware and software level security to restrict the unauthorized access from the remote location or being present in front of the system (Koren and Palcic, 2015). Even most of the organization do believe in using the central repository of data or prefer a particular data centre that is responsible to take automatic insert, update of organizational data, business data. This central repository in an organization is connected with several terminals within the organization. Central data repository fetches data from each and every terminal across the organization. This model is also known by client server model where a personal computer act as a server computer and other system connected to it are known as client system (Little, 2015). This client send request or data to server computer and request for access of some system resources, server system grant r equest of legitimate client user and the client system sends acknowledgement. Based on financial background and processing capabilities, some of the companies use big data technology nowadays (Service and McEwen, 2015). With growing density of the population, it became challengeable foralmost every organization to retain customer and business data and making use of those data in an effective way. Managing data in an effective way provides an opportunity for knowledge management. Knowledge management provides the interface to classify data as per the similarity and allows customer profiling.On the other hand it provides managers and higher authorities to take effective customer centric decisions that can instigate profit for the organization and also can retain customers (Mariano and Casey, 2015). Using this knowledge management task, different data mining techniques have been introduced. For example, use of association rule mining techniques helped a lot to find customers buying beh aviour that shows selling rate of particular product or the pair of products those are getting sold in a frequent rate. On the other hand almost every organization is heavily relied upon their online presence and provides opportunities for customers to rate products as per their satisfaction. On the other hand online presence of an organization provides organizations strategy to promote their products online and rating of particular product with respect to similar product under another brand or company indicates the most successful strategy across the industry (Matzler et al., 2014).Online market of organization has introduced the different e commerce strategies to reach their customers and allow their customers to compare and contrast among different brand by viewing their ratings and feedback of the existing customer. Hence customers do not require to shop by being present physically in the store. Even use of Google Adword has become a blooming trend across the organization to inc rease the revenue by every click for viewing product specification or different pages related to the official website of the company (Meifort, 2015). With the innovation of number of machine learning tools and methodologies across the organization, AI tools are evolving. These AI tools gather knowledge from the user given data about the problem and the solution also at the primary stage, later these AI tools automatically give suggestions on what should be done if there after giving some information about the present solution. Most of the organisations nowadays use some IT solution that provide the ITIL based iET ISTM solution that provide the ultimate solution by profiling problems to be addressed by the right level of management. On the other hand, ITIL based iET ISTM solution provide the inter-domain routing and intra-domain routing of network among the different department of employee and keep updating the activity log. There are process analyzer are attached with the system tha t are used to analyze the root cause of a particular problem (Nieves and Segarra-Ciprs, 2015). These kind of IT solutions are used to handle different solution as per their priorities as at a time there are numbers of problems take place from different department. These kinds of solution provide desk level assistance to all of the employees on daily basis. Hence with the touch of innovation and with an effective innovation management it became possible for almost every organization to venture their business across different geographic location (Parsons, 2015).On the other hand to have a bright future of innovation management every expertise in the organization required updating their knowledge of their particular domain and they need to give training to their subordinates also. While we are talking about the future of innovation management, it has become a part of the process to have strong infrastructure when an organization is dealing with some kind of changes in the field of chan ge management, incident management and problem management. On the other hand not only the adaptation of innovative approach can bring the change towards positive outcome, but it is also required to have proper planning to execute overall task (Reid, Roberts and Moore, 2014). Conclusions and findings: To increase revenue and to give the proper working environment, numbers of technological tools are in use. Other than all of these tools and methodologies numbers of approaches have been mentioned in the case study, those are, Customer based innovation, frugal innovation, proactive business model, low risk/ high speed innovation, 5 integrated innovation.Sometime organizations take number of steps to introduce innovative approach to accomplish a task. Managers or the higher authorities in organization look for the appropriate situation and make their employees convinced about why some innovative approaches are needed and moreover what is the purpose of innovation management. On the other hand to explore the field of innovation management every knowledgeable person within the organization requires updating their knowledge in their own domain of knowledge and they should provide training to their subordinates. Being concerned about the future of innovation management, it has become a pa rt of the process to have strong infrastructure when an organization is dealing with some kind of changes by incorporating innovative methods and tools. On the other hand not only the adaptation of innovative approach can bring the change towards positive outcome, but it is also required to have proper planning to execute overall task. For example, with recent technological trend it became possible for almost every organization to adopt numbers of tools and methodologies in order increase level of performance and to achieve good will for the organization. For example, use of analytics tools and other highly advanced software have made it possible to make customer profiling, these tools have helped an organization to know their potential customer and their respective buying behavior. As a critical factor we can say that innovative goods production and supply starts with the process of embedding innovation as the main value of within the organization. Organizational innovation is the consistent process that is spread across the organization. Beside all these of these organizational requirements, it is required to lead employees towards the innovation management process by motivating them and giving them proper guidance towards the innovation management processes. References Abbasi, E. (2015). Trends and Future for Enterprise Integration.International Journal of Innovation, Management and Technology, 6(1). Annanper, E., Liukkunen, K. and Markkula, J. (2015). 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