There are many different obstacles businesses can face that will affect their ability to be efficient, innovative, and confident while meeting the demands of their clients. For a company to be successful, it is paramount to identify these obstacles and create ways to overcome them. The purpose of this paper is to identify a few of these barriers and the affect they can have on an organization.
There are many tools organizations can use to create a successful move towards its financial and innovation goals. One tool an organization can use to identify these barriers is a SWOT analysis. A SWOT analysis allows an organization to look at their strengths, weaknesses, opportunities, and threats. According to Mind Tools (2015), a SWOT Analysis is “a useful technique for understanding your Strengths and Weaknesses, and for identifying both the Opportunities open to you and the Threats you face” (Para 1).While this analysis is generally used in both an external and internal capacity, it can be adapted to fit the analysis needs of the business.
Companies can also hire an external contractor to review the business processes. Having someone from the outside look at how the company operates provides an unbiased view. Working with a contractor can lead to the ability to find problems and/or solutions that otherwise would not be uncovered. Some other tools organizations can use to identify barriers to achieving financial and innovative goals are: data charts, work flow analysis, organizational charts, and employee and customer surveys.
There are many barriers a company can face in regards to meeting the innovative demands needed to maintain competitive. Three of the most common barriers are:
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...rporate strategy, Kodak was able to start fresh with a new mindset which led to the disappearance of their fear of failure. “With this new mindset, organizational fear evaporated and a new energetic focus on innovation emerged” (Baker, n.d., para 6).
If I was an executive for Kodak, to overcome the barriers that Kodak went through, I would have ensured there was dedicated time given for employees to focus on innovation. Given that Kodak was started as a company built on a culture of innovation and change, a culture where the employee voices could be heard would be a top priority for me. The minute complacency began to set in is when changes should have been made.
Operational barriers exists for all organizations regardless of how big or small they are. By being aware of the different barriers, organizations can put processes in place to work through them.
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