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.
Kotter, J. P., & Schlesinger, L. A. (2008). Choosing strategies for change. Harvard Business Review, 86(7/8), 130-139.
Innovation has rapidly assumed a position of prominence in world competition on a global scale. To compete in this environment, organizations need a level of innovation. As competition becomes more global and time-based, organizations must develop and deliver new and superior products or services in less time. The challenge for modern organizations is to revitalize them so they can successfully and continuously develop newer products and enhance business development.
Innovation has become a must in many businesses considering the current economic climate and the variety of needs of customers. With stagnating economic climate and the amount of competition in each market businesses have been in hard ground. The growing competition for businesses has made it much harder to for businesses to have a good margin for their profits.
Innovation, what is innovation? Innovation is the creation and implementation of new ideas, methods, or strategies that facilitate a process, add value, or improve quality (Tidd & Bessant, 2013). In fact, innovation is the reason for all the new amenities of today’s 21st century. Moreover, innovation has brought forth new perspectives and ideas that have inspired numerous of businesses to expand and improve their daily operations, increase productivity, resolve dilemmas, and attain a level of success. However, such success cannot be attained without properly examining, planning, embracing, and managing innovation. In other words, organizations must carefully map the process of innovation in order to succeed.
Graetz, F., & Smith, A. C. (2010). Managing organizational change: a philosophies of change approach. Journal of Change Management, 10(2), 135-154.
To manage change and for the development of organization understanding the definition of change is very important. “Change is a very complex phenomenon involving a multiplicity of man’s motivation in both micro and macro systems and that man gets satisfied with his equilibrium and is resistant to changing his status quo.” (Lippitt,
Organizational changes have a potential failure rate of 70%, although this rate has been consistent for many decades there are many organizational changes that are successfully strategized and implemented (Maurer, 2010). An organizational change is when an organization goes through a renovation of altering business strategies (Organization change) to strengthen and expand their services to meet a demand of the economy (Ackerman, 1997). According to the chapter on Development, Transition, or Transformation: The Question of Change in Organization by Linda Ackerman in the book Organization Development Classics: The Practice and Theory of Change, there are three types of collective changes that are among organizations these changes are developmental change, transitional change, and transformational change (1997). In this paper I will further discuss the changes in details and will counteract the changes discussed by Ackerman through other approaches or reasoning for the changes.
Kotter, J. P & Schlesinger, L. (2008). ‘Choosing strategies for change’. Harvard Business Review, July-August, 130-139.
Innovation, the ability to change and take risk; is a key attribute to success. No company has become successful by keeping their old ways, or staying to the “tried and true” (Foster, 1986). No successful business can stay successful regardless of how much money or technology they have, if they do not know how to keep evolving with time. Success isn’t built off one tool; it is built off a variety of tools. This book taught me that one must constantly adapt to the world around you, because it won’t slow down. We live in an ever-changing world. One must be willing and able to change. This book teaches how to be “unsafe” in the world of business, never stick with one way, never rely on one source of success; be ready to change it and find something better.
Change is constant, integral part of our personal and professional lives. Change occurs in our world and beyond, at national and global level, in political and socio-economical areas, in management of organisations. As the contemporary world becomes more complicated and significantly interrelated, it forces companies to change their work strategies and become globally competitive (Jeritt, 2013). These pressures for change should be identified by management and immediately enact change management process to increase productivity and performance (Marked By Teachers, 2004). Achievement of such objectives is paramount for organisations; despite of challenges which may originate during implementation of changes (Content Writing, 2012).
There are many different obstacles businesses can face that will affect their ability to be efficient, innovative, and confident while meeting the demands of their clients. For a company to be successful, it is paramount to identify these obstacles and create ways to overcome them. The purpose of this paper is to identify a few of these barriers and the affect they can have on an organization.
After reading chapters one through four of the book Leading Change by Kotter, a better understanding of the eight steps of creating major changes in an organization has been gained by the author. Change is always happening in some shape or form. Competition drives change within organizations. Companies drive each other; they can challenge each other to compete. A good example of that is Ford and Chevy; they have been battling each other for decades on who can make the nest sports car in America. Competition is good for both the consumer and the organizations: it can lead to numerous great ideas.
Robbins, S. P., & Coulter. M. (2014). Management (12th ed.). Retrieved from: Colorado Technical University eBook Collection database.
Therefore it was necessary to analyse the need for innovation, identify types of innovations, give documented examples, and discuss the importance that each type play in developing an organisation’s strategic competitive advantage. Various literature have been reviewed for this purpose.
1).Innovation Management:Innovation Management is the form of looking into future, of being creative, imaginative .It is used in the growth of product and also organizational innovation. It also includes tools which allows higher management & engineers to communicate with basic understanding of goals and its processes .Its main focus is to allow the organization to react quickly occurring within an organization, using its efforts to implement new ideas or its products. It also involves persons in contributing to the development of the companies manufacturing and also its marketing. Through development also innovation process can be done. There are two types of process involved in innovation management one is pulled and the other is pushed. Pushed process is the one in which the organization uses its technology to discover profitable applications. Pulled process is the one in which the focus is mainly in developing the efforts to find the solutions. There are two phases in innovation management .First phase includes design of the innovation and second phase includes the implementation. Internal bench marking can be established to measure the innovation. Managers should focus on ones attention on innovation cause to be necessary to infer something from information received on the complexity.