The Trends in Auto Industry Assignment Example | Topics and Well Written Essays - 3500 words

The Trends in Auto Industry - Assignment Example The total number of cars and commercial vehicles produced in Japan in 2006 was 11,484,233. The same number was 1,508,358 for Russia, 11,263,986 for USA, 5,819,614 for Germany,   7,188,708 for China and 2,572,292 for Canada (â€Å"OICA >> Production Statistics†).The year 2008 will see a rise in the demand for eco-friendly cars especially in the USA which is the leading pollution causing the nation of the world. The infrastructure for supporting hydrogen car is being developed. Car companies like Toyota and Honda are aiming the hybrid markets. Honda has decided to lease more cars to individuals to get feedback for the future. In the year 1916 in Munich, Germany. In 1928 BMW acquired Eisenach vehicle factory and launched its first motorcar. The first car was an Austin Seven built under license(â€Å"Welcome to BMW Company Facts†). BMW is also the world’s largest manufacturer of luxury cars. The brands owned by BMW are BMW, MINI and Rolls-Royce. The BMW sales of un its in 2006 were 1,179,317 for BMW, 186,674 for MINI and 847 for Rolls-Royce. Its biggest buyers are European Union with 37% and the United States with a 22.8% share (â€Å"Welcome to BMW Company Facts†).

Motivating and Supporting Collaboration in Open Innovation Term Paper

Motivating and Supporting Collaboration in Open Innovation - Term Paper Example Retrospectively speaking, the authors say that the new product development has always been a closed loop work. It was initiated and completed by a few chosen people inside the company; but now, the loop has been broken due to this stiff competition in the market. The companies now involve the end users into the new product development. Nonetheless, single customer’s unique needs are not of much use to the company due to economic viability. The company needs to understand large customer product combinations. Hence, the company needs to motivate a collective creativity towards novelty. Past studies have shown that collaboration paves way for better creativity and efficiency in an organization. All the great ideas of the past have been found by individuals who shared their work with others for elaboration.     The consumers’ opinion towards the new product is considered vital in this era; hence, the development of the open-intelligence portals. These portals act as int ermediaries between the different market players – paving way for collective response to innovation. It is now believed that the investment in the OI systems is wastage without the understanding of the motivational factors. The company needs to understand these motivational factors in order to attract the users to the OI portals for their input.Based on their research work, the authors state that one of the most important motivating factors for active participation at online communities is the level of effect that participation has on the surrounding environment.