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Essay on creativity and innovation
The importance of innovation in modern business
Proposed organizational behavior concepts
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Incremental Innovations
Incremental developments allude to minor changes in innovation, basic item enhancements, or line augmentations that negligibly enhance the current performance. A critical study by Nelson and Winter (1982) reveal that the dominant designs created by breakthrough innovations is mainly build on by the evolving change of products in the form of progressive change of new features, extensions, variations, or complements to an existing product line that has been achieved are supplemented by incremental innovations .Incremental innovation is as it is classified by the OECD’s Oslo Manual (2004) is those alterations on products and processes which are trivial in their forms, slightly or even does not undergo adequate level of newness. The appealing or other individual qualities of the product are referred to as novelty. . Incremental innovation can take place through repeatedly involving in inventiveness of product efficiency or product feature (Kuratko and Welsch, 2001).
2.4.3.6. Importance of Innovativeness
Creativity or Innovativeness gives a critical wellspring of firm competitive advantages and achievement (Cho and
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The the importance of workers in the conceptualization of innovation orientation was duly acknowledged in the works of Atuahene-Gima and Ko (2001) where they considered it to be ‘‘human asset rehearses that encourage support for creative and unsafe conduct and that empower workers to stay aware of evolving technologies.'' Amabile (1997), supported the idea that ''the most critical components of the innovation orientation are: a worth set on imagination and development by and large, an inclination toward risk (versus a proclivity toward keeping up existing conditions), a feeling of pride in the organization’s individuals and excitement about what they are equipped for doing, and a hostile technique of leading the pack toward the future (versus a cautious procedure of basically needing to ensure the company’s past
...resent diversity within the labor force and “each of them will also have networks of professional associates whose knowledge they can tap in order to solve problems and accomplish tasks. Needless-to-say, diverse people will have diverse networks and provide your company with a vast and diverse meta-network at your disposal” (p.1). In short, in supporting of creativity, innovators essentially need the backing from top leaders, and without that support, many initiatives may break down or die on the vine (Harvard). For any idea to be successful, it is vital that it is aligned with company strategy; there is more likely to occur naturally when top executives involve and take the lead with a idea or creativity initiative and this is a main reason why management commitment is a key factor in the accomplishment of any idea or innovation process (Baumgarther, 2010).
New ideas can lead to programs and activities that are superior leaders in an organization. Creativity is what makes new ideas come to live in an organization, leaders often use creativity to keep the business running. The first priority of leadership is to engage the right people, at the right times, to the right degree in creative work. That engagement starts when the leader recasts the role of employees (Harvard Business School Publishing, 2015). Innovation causes leaders to have new ideas and work methods that will impact the organization in the future. A substantial leader will have an effective organization if they apply innovation and creativity to the success of the
Moreover, the industry is quite innovative because old products are constantly improved and new products are regularly a...
In to the article “The Innovation Value Chain”, Hansen and Birkinshaw discussed how the innovation challenges, in reality, are different from one company to another, and they indicated that “ there is no universal solution for organizations wanting to improve their ability to generate, develop, and disseminate new ideas.” In fact, I think this is the truth because organizations are different in the size, capacities, management systems, culture, and to what extend employees’ skills. Therefore, good solutions for one company’s challenges not necessary work for another one even if they are at the same level, and, sometimes in this same company, a successful solution that works for one situation might be wasteful or even harmful. In the article,
Large companies who are in upward market stream lack the creative capability as that of evolving companies, in motivating people who possess ability to innovate. (Stringer 2000).
Today, advances in technology and design are providing many opportunities for new and existing businesses to re-invent themselves and their marketing strategies.
Innovation is an ever-continuing question in many industries and its players. In order remain competitive; players have to constantly figure out new innovative capabilities. The automobile industry is one where there is many innovation occurring. Innovation can be spotted at different levels of price level, different geographic regions, and different type of vehicles. As automotive industry relies heavily on technology, many of the source and cause of innovation come from technological development. However, this is also much innovation that arises from the administrative portion of an automotive company. This could relate to how cars are sold to the end consumer.
Some are born innovators, others become innovators after some stimulation, and some are not born with a capacity for innovation and are difficult to teach. To help people be innovative, we must encourage creativity from childhood and marry that creativity and curiosity to knowledge. However, it takes an entrepreneur to bring innovation to the
of a firm to attain new forms of competitive advantage (Müller, 2011). It is due to these
Hendersern and Stern 2000, ‘Untangling the origins of competitive advantage’,Strategic Management Journal, Vol. 21, pp. 1123-1145.
Kelley,T. (2005, Oct.). The 10 faces of innovation. Fast Company, 74-77. Retrieved 6th March’ 2014 from http://web.ebscohost.com/ehost/detail?vid=9&sid=1d6a17b7-c5f7-4f00-bea4 db1d84cbef55%40sessionmgr10&hid=28&bdata=JnNpdGU9ZWhvc3QtbGl2ZSZzY29wZT1zaXRl#db=bth&AN=18386009
Over the course of this class I have learned how important it is to be creative and innovative in the way that businesses are conducted within the organizations. The ability to innovate is the “secret sauce” of business success (Dyer, et al., 2009). However, creativity and innovation cannot take place if the leaders are not willing to foster a culture of innovation within the organization. Amabile & Khaire (2008) asserted that, it is essential to motivate people to contribute ideas by making it safe to fail. Stress that the goal is to experiment constantly, fail early and often—and learn as much as possible in the process. Convince people that they won’t be punished or humiliated if they speak up or make mistakes (Amabile & Khaire, 2008).
1997). By reviewing the literature on learning and innovation, we try to answer the following
McShane, Steven, and Mary Ann Von Glinow. Chapter 8: Decision Making and Creativity. PRIMIS MNO 6202: Managing Organizations. 2004. The 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' Reprint of the book.
Open innovation opens the doors for a vast array of ideas and suggestions that can help an organization succeed in being innovative. This will allow the organization to hold a competitive advantage when compared to their competition. Organizations who understand the importance of managing technological innovation will have an easier time succeeding than those organizations who feel they are safe and put innovation on the back burner. Managing technological innovation is essential in this day and age, where technology is advancing at a faster than