Importance Of Innovation Management

879 Words2 Pages

3.1 INTRODUCTION

FM is the concept of continuous improvement (Tonono, 2008). This means that any business should struggle for improvement in its operations, customer satisfaction, increased productivity, and high in quality of output, better environmental performance or any other performance indicators (Best, Langston and De Valence, 2003). Therefore, it takes condition of the workplace and its impact on the realisation of productivity in the configuration of human resources, physical infrastructure and technology.

In the transformation strategies, the importance concept of innovation is linked to information technology (IT). (Perrott, 2007) explores the concept of innovation and suggests that these concepts apply equally within the FM role driving as a dynamic business tool. (Perrott, 2007) also concludes that the role of innovation management in FM is not about producing innovative solutions but about the provision of a creative environment in which solutions can be created, developed and applied (Goyal, Pitt, & Sapri, 2005).

3.2 IMPORTANCE OF TRANSFORMATION STRATEGIES IN FACILITIES MANAGEMENT OF BUSINESS AND INNOVATION
Business transformation is vital for any organization to succeed in today’s extremely challenge environment. Disruptions in technology, market needs and wants, cost/service delivery model, and world economic trends force businesses to either succeed or failure (Awang, Hakim, & Mohammed, 2011). Many businesses have satisfying their clients and increasing value for the shareholders by implementing transformation strategies. They are using transformation strategies in keeping ahead of the competition. (Manyika, Chui, & Marrs, 2013) stated the transformation strategies in business can bring valuable benefits w...

... middle of paper ...

...ers focus on strategic level change and advantage.

However, Khan (2010) stated more than 70% of transformation programs fail to deliver their actual targets. One must understand the major challenges to a transformational program and address them before executing it. These include:

 Unclear view and misunderstanding of the business’s vision
 Indefinite understanding of the organizational structure
 Trying to apply the same transformation solutions to diverse business needs
 Simply reorganizing organizational resources rather than achieving true transformation
 Failure to understand existing process flows and their objectives
 Failure to identified the factors that need to be transformed
 Overestimating the goals of transformation in the making of change
 Communication failure
 Failure to observe the necessary management discipline in different departments

Open Document