Current Issues on Management: Innovation and Change Management

In the today’s business world, change and innovation have become indispensable aspects for every organization that wishes to survive long-term in the market. This is simply because the modern market is characterized by an extremely high level of competition. Subsequent to this fact, therefore, many organizations have invested a significant amount of their resources on innovation as well as in promoting change. These efforts are deemed to contribute significantly to the realization of a modern organization’s goals.

Change and innovation has become one of the basic concepts in the modern organizations. An organization’s competitiveness is determined by its desire to embrace innovation or introduction of new and/or modified products in the market. Managers of the top performing organizations manage them in such a way that they are able to derive maximum gain from its human and technical resources though prompt and effective responses to the business challenges identified. Maximum utilization of the human resources implies that the company must be able to exploit the skills as well as the imagination of the personnel in order to promote innovativeness from all dimensions of the organization. Through this process, an organization will be in a place itself in a position that effectively promotes continued innovation of new products and services for the market. However, it is important to note that organizations must be able to analyze critically their environment in order to identify the existing opportunities and problems. Innovation should be directed towards satisfying a particular need or solving a particular problem. Otherwise, the innovation may not contribute in any way to an organization’s success.

In order for an organizati...

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...on’s leadership must provide motivation and other incentives in order to increase employees’ productivity. The ability of an organization to implement change plays a significant role in building the company’s competitive advantage. Through innovation, an organization will be able to provide unique products distinguished by high level of quality and designs.

Works Cited

Kotter, John P. and Leonard Schlesinger. “Choosing Strategies for Change.” Harvard Business Review 57 (Mar-April 1979): 106-114.

Ramus, Catherine. Employee Environmental Innovation in Firms: Organizational and Managerial Factors. Hampshire, UK: Ashgate, 2003.

Wilson, John. Human Resource Development: Learning & Training for Individuals & Organizations. London: Kogan Page Publishers, 2005.

Daft, Richard L. and Dorothy Marcic. Understanding Management. 7th ed. Mason, OH: Cengage Learning, 2010.