Tolerance for failure Tolerance to failure

a. Tolerance for failure Tolerance to failure

Toyota's mantra is to give employees the right to stop the production line if they see any problem. They will not be reprimanded for stopping the line, but will receive praise for the announcement of the problem.

Important failures in enterprise innovation that failure is a "learning experience" and therefore it is important to respond positively to failure. Effective treatment of the problem can be taken as a positive event. There are those who can learn more failures than successes. Taking the failure as a disgrace treatment will not be effective.

b. Availability of reward mechanisms for innovation Reward mechanisms for innovation

Draft "uncompromising on the individual" as opposed to a group aspect. The effort and success of the group grew stronger and personal excellence less. Toyota's concept is co-benefits and teamwork. The company gives bonuses to teams to all members of the team so as not to differentiate between them according to their performance. Employees receive a base salary and a bonus according to the contribution of their staff, but there is no special recognition of innovation.

While innovation is not recognized in itself, the rewards system provides motivation for all participants to unity and teamwork.

1.  Blue oceans in Israel
   

Bagir, a manufacturer of suits, experienced a severe crisis and therefore the CEO needed to create a competitive advantage in the market. The suit is a very complex product made from dozens of types of fabric and stitching, the price of the suit was quite standard, but the developed suit saves money on dry cleaning and saves time and hassle of dry cleaning, which combines the product itself (Cleaning).

The innovative suit has become a commercial success in the world and has won a prize for innovation and industry and the prize for entrepreneurship and innovation.

Bagir has been able, thanks to innovation, to expand its circle of customers, reduce the risk of working with a dominant customer and increase revenues and profitability. The CEO then decided to implement systematic innovation processes that reduced costs even further.

1.  The "shark fin" model
   

According to the principles of the Big Bang for the adoption of products, the rate of adoption of innovative technologies is increasing, technologies are developing exponentially and the quality is rising and the price is falling.

The "shark fin" function expresses the product life cycle once it enters the market. In this cycle there are five states that form the shape of the shark's fin, where there are the "inventors" who are the first to purchase a product for experience (a small percentage of the population), then the "primary developers" , The "primordial majority," which is already a large part of the population that buys the product relatively quickly, and then a large decline occurs in the population that buys a new product relatively late, .