Podcast
Questions and Answers
What is the purpose of corporate governance?
What is the purpose of corporate governance?
When did the concept of corporate governance originate?
When did the concept of corporate governance originate?
What is the role of non-executive directors in corporate governance?
What is the role of non-executive directors in corporate governance?
What is the significance of the Cadbury Committee's Code of Best Practice?
What is the significance of the Cadbury Committee's Code of Best Practice?
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What do the OECD principles for corporate governance aim to provide?
What do the OECD principles for corporate governance aim to provide?
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What does corporate governance refer to in a business context?
What does corporate governance refer to in a business context?
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What is one of the main objectives of corporate governance?
What is one of the main objectives of corporate governance?
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What is emphasized by both the OECD and the European Commission through their corporate governance initiatives?
What is emphasized by both the OECD and the European Commission through their corporate governance initiatives?
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What is meant by 'the distribution of rights and responsibilities by all participants in an organization' with regard to corporate governance?
What is meant by 'the distribution of rights and responsibilities by all participants in an organization' with regard to corporate governance?
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What is highlighted as a fundamental aspect of good corporate governance?
What is highlighted as a fundamental aspect of good corporate governance?
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What is the main focus of the section on Innovation in Hospitality Industry?
What is the main focus of the section on Innovation in Hospitality Industry?
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What is the role of the OECD in relation to innovation and sustainability?
What is the role of the OECD in relation to innovation and sustainability?
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What are the OSLO MANUALS (2005 and 2008) primarily concerned with?
What are the OSLO MANUALS (2005 and 2008) primarily concerned with?
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What is the expected outcome of analyzing a concrete innovative product in the hospitality sector?
What is the expected outcome of analyzing a concrete innovative product in the hospitality sector?
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What is the primary function of The Organization for Economic Cooperation and Development (OECD)?
What is the primary function of The Organization for Economic Cooperation and Development (OECD)?
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Which type of innovation focuses on developing new or substantially enhanced methods for production or delivery?
Which type of innovation focuses on developing new or substantially enhanced methods for production or delivery?
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What is the term for a marketing innovation that involves using digital channels like social media, search engines, and email to reach customers and promote products or services?
What is the term for a marketing innovation that involves using digital channels like social media, search engines, and email to reach customers and promote products or services?
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What organizational innovation involves collaborating with external partners to generate new ideas and products, fostering innovation through collaboration and knowledge sharing?
What organizational innovation involves collaborating with external partners to generate new ideas and products, fostering innovation through collaboration and knowledge sharing?
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Which type of innovation refers to introducing a new or significantly improved good or service?
Which type of innovation refers to introducing a new or significantly improved good or service?
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What is the term for teams that work remotely, leveraging technology to collaborate and communicate effectively?
What is the term for teams that work remotely, leveraging technology to collaborate and communicate effectively?
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What is Cloudbeds Horizon?
What is Cloudbeds Horizon?
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What is the primary focus of Reverse Logistics?
What is the primary focus of Reverse Logistics?
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What motivates Product Recovery Management (PRM)?
What motivates Product Recovery Management (PRM)?
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What is the main objective of Nomad Hotels' new marketing method?
What is the main objective of Nomad Hotels' new marketing method?
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What is emphasized as a benefit of reverse logistics structures?
What is emphasized as a benefit of reverse logistics structures?
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What is the purpose of the OECD and European Commission's corporate governance initiatives?
What is the purpose of the OECD and European Commission's corporate governance initiatives?
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What does corporate governance in a business context refer to?
What does corporate governance in a business context refer to?
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What is emphasized as a fundamental aspect of good corporate governance?
What is emphasized as a fundamental aspect of good corporate governance?
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What is meant by 'the distribution of rights and responsibilities by all participants in an organization' with regard to corporate governance?
What is meant by 'the distribution of rights and responsibilities by all participants in an organization' with regard to corporate governance?
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What is one of the main objectives of corporate governance?
What is one of the main objectives of corporate governance?
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Study Notes
- The text discusses two examples of process innovation in the hospitality industry.
- The first example is Cloudbeds, a cloud-based hotel management platform that provides tools for managing reservations, availability, rates, distribution channels, payments, guests, housekeeping, and more. Cloudbeds is recognized as a top technology provider in the hospitality industry and has received several awards.
- Cloudbeds also offers Cloudbeds Horizon, a program designed to upskill students in modern cloud software through partnerships with hospitality schools and universities worldwide.
- The second example is Reverse Logistics, a type of supply chain management that moves goods from customers back to sellers or manufacturers. Reverse logistics includes processes such as returns, recycling, and re-use of packaging.
- Benefits of reverse logistics structures include recovery of materials and economic value, cost reduction, competitive advantage, improvement of sustainable image, and customer satisfaction.
- Product Recovery Management (PRM) is the management of all used and disposed products, components, and materials, and the realization of latent use-values. It is motivated by increased profitability, ethical responsibility, legislation, increased market share, and brand protection.
- Nomad Hotels is a hotel brand that implements a new marketing method by allowing guests to personalize their stay and bring down the cost by selecting fewer options. This initiative aims to reduce the ecological footprint of hotels.
- Nomad Hotels also uses 100% recycled materials for carpets, duvets, wood flooring, and other materials in their hotels.
- The text also mentions an example of organizational innovation but it is not detailed in the provided text.
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Description
Test your knowledge on innovative concepts in business with this quiz. Explore examples of process innovation and recent concepts making strides in various industries.
