The Fifth Discipline by Peter Senge
opinion Essay
653 words
Indeed, not all external knowledge may be easily used and transformed into new artefacts. If external knowledge is easily accessible, transformable into new artefacts and exposed to many actors (such as customers and suppliers), then innovative entry may take place (Winter, 1984). On the contrary, if advanced integration capabilities are necessary (Cohen and Levinthal, 1989), the industry may be concentrated and formed of large established firms. Third, the domain relates to the degree of accessibility of knowledge (Malerba and Orsenigo,
2000), i.e. opportunities of gaining knowledge that are external to firms. Knowledge that is accessible may be internal or external to the sector. In both cases, greater accessibility of knowledge decreases industrial concentration. Another dimension states that knowledge may be also cumulative, i.e. the degree to which the generation of new knowledge builds upon current knowledge (Malerba, 2002b). He identifies three different sources of cumulativeness. The first source is learning processes and dynamic increasing returns at the technology level. The cognitive nature of learning processes and the past knowledge constrain current research, but also generate new questions and new knowledge. The second source is related to organisational capabilities.
These capabilities are firm specific and can be improved only gradually over time. They implicitly define what a firm learns and what it can hope to achieve in the future. A third source is the feedbacks from the market, such as
ʻsuccess-breeds-success’ processes. Innovative success yields profits that can be reinvested in R&D, thereby increasing the probability to innovate again.
Indeed, even if there has been a growing culture of evaluation over the ...
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...oriented predominately towards controlling rather than learning, rewarding individuals for performing for others rather than for cultivating their natural curiosity and impulse to learn.
Successful organisations encourage employee innovation as a way to produce measurable improvements in quality, quantity, and cost-effectiveness (Hale, 1996).
In The Fifth Discipline, Senge (1990a) identifies five new ʻcomponent technologies’ that he claimed were gradually converting to learning organisations – systems thinking, personal mastery, mental models, building shared vision, and team learning.
Also, as seen in the previous sub-chapter, innovation and risk taking are inseparable in a learning organisation, which Spear (1993: 14) defines as “a place of truth-seeking and speaking without fear of reprisal or judgement … a place where curiosity reigns over knowing and where exp
In this essay, the author
- Opines that the key component of a high-performance organisation is dynamic learning mode.
- Opines that individuals perform for others rather than for cultivating their natural curiosity and impulse to learn.
- Explains that senge's the fifth discipline identifies five new component technologies’ that he claimed were new.
- Explains that not all external knowledge may be easily used and transformed into new artefacts, but if advanced integration capabilities are necessary, the industry may concentrate and form of large established firms.
- Explains three sources of cumulativeness: learning processes and dynamic increasing returns at the technology level; organisational capabilities are firm specific and can be improved only gradually over time.
- Opines that even if there has been a growing culture of evaluation over the last two decades in most advanced economies, many public sector organisations are still essentially navigation blind when it comes to real-time.
- Opines that public sector organisations spend 80 per cent of their energies on understanding the past and managing the present, and perhaps only 20% on exploring future directions for better policies and services.
- Opines that an important influence is to give someone a new and more ambitious task, which requires more effort and external knowledge accruing.
- Quotes senge's belief that we have been systematically destroying the very attributes needed by a high performance organisation.
- Explains that innovation and risk taking are inseparable in a learning organisation. spear defines truth-seeking and speaking without fear of reprisal.
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1552 wordsRead More - Importance Of Strategic Planninganalytical essay...ompletes an analytical assessment of a firm. A firm establishes its competitive building by investing scarce resources again and again in its value-added activities. By doing this the organizations will be able to give rise superior products and services that the buyer's desire and continue to grow the business and adhere to its strategic plan once implemented.
In this essay, the author
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- Opines that for an organization to be able to adequately respond to the changes of the environment, its system has to have ability to adapt.
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1193 wordsRead More - The Importance Of Strategic Managementexplanatory essayIn order for a firm to compete within its industry, it must plan and relate to the industry
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- Explains that there are several theories that aim to provide an understanding of the process that is taken when learning. solomon, bamossy, askegarard and hogg describe learning as a relatively permanent change in behaviour.
- Defines cognitive learning as an internal process in which information is integrated or internalized into one’s cognitive or intellectual structure.
- Explains that cognitive learning is a prolific means of communication with their audiences, enabling them to develop an honest and comprehensive understanding of the brand.
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- Illustrates the factors and elements that assist in making reference groups highly influential. top rank online marketing provides a detailed list of term marketing applications that can be used as part of the marketing strategy.
- Explains that amazon's marketing elements include social proofing, thus providing the firm with the opportunity to reinforce growth.
- Describes customer loyalty's definition of customer loyalty.
- Explains that behavioural learning is an umbrella of theories that assume that learning takes place as the result of responses to external events.
- Explains that the loyalty scheme that was discussed as a by-product of the behavioural learning framework above is not applicable.
- Analyzes how boundless defines reference groups as actual or imaginary individuals or groups conceived of having significant relevance upon an individual's evaluation, aspirations, or behaviour. informational, utilitarian, and value-expressive influences influence the buyer decision.
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- Explains loyalty research centre's customer loyalty research and marketing research, and mcleod, s. and misbah, m.
- States that solomon, bamossy, askegaard, and hogg, (2013), consumer behaviour, 5th ed. pearson education, inc., p.261. top rank online marketing, social media marketing applications - 10 proven ideas.
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