BMW has announced expansions of production and sourcing facilities in the North American and Asian continents in an effort to create a more globally diversified supply chain, thus adopting more of an integrated risk management approach in its handling of global risks. When BMW Financial Services Netherlands needs to process BMW vehicle lease applications, the company relies on a D&B Risk Management Solution to provide consistent credit decisions. As stated in a article of the “INVESTER” located on DNB. om, “Before implementing the D&B solution, BMW personnel had to submit and then wait for a lease application to be approved or denied”. BMW employers can get fast and consistent credit decisions based on a combination of internal BMW information. BMW uses agencies to compare cases on an annual basis and incorporate historical information making future decisions even more accurate. BMW has achieved significant cost and time savings as a result of this solution. Few large companies are willing to embrace the lack of organizational clarity and nebulous structures that drive innovative ideas.
At most companies, headquarters would have put the kibosh on the short-film idea, which has since been widely imitated. Researchers say most experiment with networks on a small scale and very few use the practice to full effect since doing so means an uncomfortable balancing act between hierarchy and discipline on one hand, and free-wheeling networks that can veer toward near-chaos. But for innovation-driven companies, networks that enable entrepreneurial risk-taking are a silver bullet. The ideas are richer, they implement more effectively, and there is less resistance to change,” says Rob Cross, assistant professor of management at the University of Virginia. Speed and organizational agility is increasingly vital to the auto industry, since electronics now make up some 20% of a car’s value—and that level is rising. BMW figures some 90% of the innovations in its new models are electronics-driven. That requires once-slow-moving automakers to adapt to the lightning pace of innovation and change driving the semiconductor and software industries. Gone is the era of the 10-year model cycle.