The dynamic workplace causes to leaders who have to cope with many complex issues change their strategies to lead and motivate a diversified group of people while they have to work across the organisational boundaries (William, 2015). Global leadership is claimed to be a major issue in the literature of world business by Chuang (2013). Punnett (2004) demonstrates that efficiently leader is an essential key component of all organisations in this century to gain more business performance through using the benefits of globalisation and technology development. Chand (2014) states that leaders are key human resource in the organisation who are able to influence the subordinates to generate their high performance and bring the organisation achieve its goals. Leadership states to be an issue in this century because of extending economy by technological advances.
Through innovation, the companies foresee these technological factors to deal with competitors to become successful. Nonetheless, innovation requires innovation planning and design process, which are essential for company growth. Innovation and Design in Today’s Business World: Organizations and businesses in the global environment are forced to permanently look for the most effective techniques to maximize their innovation management initiatives (Liem & Brangier, 2012, p.5244). Companies seek for such efforts or measures because of increased dynamism of the business environment. The innovation management efforts adopted by organizations and businesses are through new techniques and paradigms that serve existing and new markets efficiently including those with new and modified products and/or services.
The ability of organizations to manage and survive change is becoming increasingly important in an environment where competition and globalization of markets are ever intensifying (Cao and McHugh, 2005: 475). Organizational change involves, by definition, a transformation of an organisation between two points in time”. It is crucial for organizations to “Accept that undertaking change is a natural part of business life in order to keep in line with the need for improvements or customer or fashion demands”. The IBM report (2008 ) on Making Change Work states the ``effects of globalization , technology advances, complex multinational organizations , enable... ... middle of paper ... ...e-fits-all approaches. For example, they attempt to combat resistance to change by involving employees in the initiative’s design even when employees don’t have the information needed to provide useful input” We need to beware of pat formulas or off-the-shelf improvement packages.
Information technology strain the communication barrier between corporate function and extent business processes must be coherent with the new and electronic form of cooperation with suppliers and customers. Venkatram(2002) argued that BPR requires enterprise reengineering focusing on information technology used. The significance of introducing Information Technology (IT) in BPR endeavour can be seen in Chen (2009) who found IT is a tool for business process. Information technology is precisely for operational perspective can greatly change and enhance business efficiency in connection with others such as customer, suppliers, partners and organization competitor. Zulkhairi Md.
Knowledge Management: The business scenario can be visualized to that of far-reaching and rapidly changing global implications but today’s management and strategic planning seems convincing to take over the business world that demands optimization and future analysis derived from the past trends. Being creative and inventive are the two main key factors in business. The sustainability of organization depends on the creation of knowledge with an ongoing learning process. From an organization point of view knowledge management it is a resource and can be referred as knowledge capital, intellectual capital, assets that are intangible etc. It can be further described has the form of intellectual property like patents, trademarks, copyrights etc.
In today’s business environment, organizational knowledge is recognized as a significant source of competitive advantage, how quickly organizations determines knowledge and creates value out of it determines its competitiveness. (Shukla) In an economy where the only certainty is uncertainty, the one sure source of competitive advantage is knowledge. When markets shift, technologies proliferate, competitors multiply, and products become obsolete almost overnight, successful companies are those that consistently create new knowledge, disseminate it widely throughout the organization, and quickly embody it in new technologies and products. -Harvard Business Review (1998) Knowledge management is a business strategy that identifies, organizes and shares information essential to the company so it can be applied to optimize business performance. The content of this paper provides the fundamental concepts to the practice of Knowledge Management and how it should be applied.
Introduction This paper will analyze both internal and external factors related to designing innovated strategies in today’s industries. The continuous changing marketplace in the business world imposes great challenges for the company to maintain stability, productivity and profitability in the industry. In order to keep track on the competitive environment, every company should develop innovation to acquire competitive advantage. However, acquiring just a competitive advantage will only be for the meantime due to the fast development of technology, total modernization of the market and rapid changes of customer preferences. In addition, this paper will describe how these factors relate to one another and to the overall innovation process.
Interventions An intervention is an action or process of intervening. It is a set of sequenced and planned actions or events intended to help the organization increase its effectiveness. The purpose is to disrupt the status quo. They are deliberate attempts to change an organization or subunit toward a different and more effective state. We have identified the following as a relevant interventions used in the company, EROAD LTD. Techno-Structural Interventions These interventions focus on an organization 's technologyand structure.These change methods are receiving increasing attention in OD, especially in light of current concerns about productivity and organizational effectiveness.
Advantages and Benefits Transnational IT Operations The role of IT is vital in supporting business processes and transformations more so with the increasing complexity of growing technology. The ability to access customers around the globe has driven businesses to rethink logistic
In order to fully analyze business process reengineering we must analyze the concept and methodologies associated with this process. Business process re-engineering is “the analysis and design of workflows and processes within an organization” (“BPR”, 2011). A key function directly related to the business process reengineering is the information system process of information technology. The concept of business process reengineering is often discussed in management circles seeking to improve the way things are done within an organization. If you are looking to redesign the functionality of business process you are in fact taking a business reengineering approach.