From compiling information, theory’s, and models from previous papers and research, I constructed the Stuart model of innovation. This model will incorporate a couple other models such as systems thinking, theory Y model, and some elements from both leadership ethics along with innovation team building. This paper will examine the most basic component of any business or organization, an innovative plan. Because an organization cannot even begin let along become successful without an innovative business plan.
The seven tips from “Making Innovation work” are best used to show the importance of innovation strategies. When making a business plan make sure that innovation is a main part of it (Davila et. al, 2006). Apple is a great example of this rule, they have even said that their job is innovation and “Innovation distinguishes between a leader and a follower” (Steve Jobs). By starting an organization without an integrated innovation plan, over time it will be harder and harder for the organization to stay afloat (Davila et. al, 2006). A successful innovation plan has some key issues that need to be addressed.
Constructing a successful innovative plan for an organization needs to focus on three aspects: problem solving (solution-focused learning), networking (inter/intra-organization networking), and staffing (both employees and management). A key component to having an innovative plan is to know how to deal with problems. Solution-focused learning (SFL) is a “Traditional approaches to problem-solving assume a cause and effect between problems and solutions” (Jackson and McKergow, 2002). The SFL focuses on: diagnosis, research, solution, implementation, and evaluation. By including a SFL into the business plan, the organization wil...
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Douglas Mcgregor's motivational theory x theory y. (n.d.). Retrieved November 2012, from http://www.businessballs.com/mcgregor.htm
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.
Team A concluded that Bruce Tuckman’s 1965 Team Development Model provides one of the best descriptions of group dynamics. It represents the typical group stages experienced by Team A members as they have participated on University of Phoenix teams. It also describes the typical evolution described by Team A members from their team activities at work and social activities. While the group dynamics evolve, changes also take place within the individuals who participate on teams. This is most clearly observed in University of Phoenix teams where individual team members only share a personal goal of achieving a degree. They are not employed by the same company, members of a particular political or social organization, or share other ties. They come from varied backgrounds, countries, and socioeconomic experiences. When forced by the University to work as a team, the members evolve through a predictable process that mimics Tuckman’s Model.
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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.
Apple and Nokia, both value teamwork and having the company involved. Based of research, I have learned that innovation architecture can be very beneficial to companies and that not every company with have the same type of strategy. They all create one that they feel works best for the company. Innovation architecture, allows companies to take a lot idea, and narrow them down to what seems best for their targeted goals are for the future of the company. What process and system might actually stifle innovation and intrapreneurship are ones that are view as permanent, which does not allow the organization those companies to be open for change. They need to be opened for change within the innovation architecture because a new idea or direction may develop, that could benefit the companies’ enhancement and success. I also learned that innovation architecture takes time to create because it has to be a clear dialogue, that both the company can understand and has reachable goals. (Dryer & Gregersen, 2009). The type of structures or process I would use are the one similar to Nokia; which are created three themes that represent the foundation of the structure, to help narrow down ideas that are focus on the goals of the product(s). I would also want the culture to be diversified based off specialization, the environment
The mere idea is not enough for accomplishing any business success. Proper action is also required and the action taken needs to be in alignment with what one idealizes in the inside.. Various plans and scenarios need to be developed to properly execute any idea or project. Particularly the time frame needs to be set. The business men interviewed by Hill mentioned that one needs to be structured and have a proper daily schedule to know when to perform specific actions. According to this research a plan without any time frame is useless and will with a very high probability not lead to the expected and desired business success. Planning and organizing also refers to the external environment in business but in this section we stick to the internal factors. Planning and organizing is therefore another very important trait and characteristic for having success in
This work begins by firmly anchoring business innovation within our company structure as well as defining innovation focal points that are relevant to our customers and hold growth potential. The key is cultivating a structured network with internal and external experts. This approach forms the foundation of our innovation
Whether it is a person or a company, actions can affect everything and everyone in the vicinity. Bruce W. Tuckman created five stages to guide us to creating our “dream team”. In the process of transforming a group into a team, a leader will go a thru all sorts of different behaviors and problems, however, he/she must stay strong. A leader must beware of the following terms to assist with the journey he/she will be traveling: groupthink, teamthink, diversity, inclusion, culture, and climate. Each concept, from the beginning of the forming stage to the end the adjourning stage, can either make or break a group before it even becomes a team. “Coming together is a beginning. Keeping together is progress. Working together is success-Henry
Thompson and Luthans (2006) Critical Issue: Building a Committed Team. NCREI Journal. Retrieved February 10,
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There are 5 stages of group development as outlined by Robbins, DeCenzo, Coulter & Woods (2014), which are applicable to Michelle’s company and her plans to restructure her business by creating effective work teams. These stages are, respectively: forming, storming, norming, performing and adjourning. The 5 stages will be discussed and applied throughout this essay to the case study of FitBite. The essay will also outline example activities that the employees may undertake during each stage. With Michelle wanting to double the number of nationwide staff from 30 to 60 by the end of August 2015, there will be significant change in staff dynamics as their work structure changes from individuals in groups, to small effective teams. Throughout the essay I will also illustrate the applicability of the 5 stages of group development to Michelle’s plan for creating effective work teams. The rationale of this essay and specifically the concept of group development is important to facilitate the changes in external environments, globalisation, and the desire to remain competitive in the market, as managers are increasingly turning to team
The book has used peer-reviewed resources to enhance the use of professional approaches to innovation and management strategies by the readers who uses the book. The authors have given different management strategies and their practical application in business fields. As the title states, a strategy in business require innovative strategies for efficient development of the firm. More importantly, the book offers modern innovative ideas that need to be integrated with management strategies to develop modern businesses. The innovative approach provides a practical guide to the management strategies easing the execution of the strategies in the respectful environment. The book has given the strong relationships between innovation and strategies. These relationships are known to increase profitability in business organizations that use them efficiently. It offers how business managers can create successful value through innovation. Value creation in companies is done through examining untapped markets, clients ' needs and investing in new businesses. Therefore, this remarkable book helps readers in innovating and managing business
Giesen et al. (2007) «Three ways to successfully innovate your business model», Strategy and Leadership, vol. 35, pp. 27 33.
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
Hutchinson, Paul. "Building Effective Teams." OB 221 Lecture. Boston University School of Management, Boston. 12 Feb. 2014. Lecture.