Nobody downloaded yet

Innovation and Change - Essay Example

Comments (0) Cite this document
Name: University Course: Instructor: Date: Innovation and Change Innovation has suddenly become a common preoccupation for all organizations in the present competitive global environment. In the face of the many challenges that confront organizations, most executives are compelled to consider innovation as the option for organizational advancement…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.7% of users find it useful
Innovation and Change
Read TextPreview

Extract of sample "Innovation and Change"

Download file to see previous pages Often, it is realized that most organizations fail to drive their innovation strategies in a proper manner. Recognizing the imperative need for innovation in the organization, most executives miscalculate in terms of their desire to innovate and the ability of the organization to innovate. In the face of such a dilemma, it only leads to a situation where the organization ultimately fails to achieve anything. It is therefore quite important that the desire of the organization to innovate is effectively synchronized with the capability of innovation. In such a case, it becomes easier to manage the innovation process in the organization. Several instances normally abound where disconnects are realized in terms of the missions and goals of innovation. Most often these challenges arise in the face of growing competition which forces organizations to adopt innovation as an option for improved productivity or performance. In the computer industry across the world, such leading innovation experts like Apple might always make other smaller market players to imagine that they could also innovate to that capacity. In the end, the smaller organizations end up out of the market owing to failed innovative strategies. This arises because innovation is generally a program that requires a lot of resource allocation and sufficient consideration in the organization. It calls for a proper innovation culture within the organization in order to effectively succeed (Porter, 2008). Most organizations fail in their innovation strategies because they normally expect to realize many returns from little allocation. In other cases, the size and resources of the organization cannot just enable them to implement any meaningful innovation strategy within the organization. There is often a disconnection between an organization’s goals and mission and its innovation process. For instance, an organization might aspire to realize a particular profit in the year at a given level of revenue. However, with innovation in mind, it might become difficult to realize the profit since innovation is normally an expensive affair in the organization whose cost cannot easily be foretold. Such a disconnect might therefore pose a challenge to the organization. In order to prevent this disconnect, it is important to set aside particular funds in the organization in order to address the issues of innovation without affecting other operational areas of the organization. This would be imperative to bridge the disconnection between the mission of the organization in terms of innovation and the operational aspects of the organization. It therefore boils down to the adoption of an effective innovation strategy in the organization that takes into account all the important aspects pertaining to the organization which include the resources, size of the organization and the position of the organization in the market. In this regard, it would be possible to develop or adopt an innovation strategy that exactly specifies what the organization should pursue which should be in tandem with the ability of the organization. From the outset, it is important to institute a culture of innovation within the organi ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Innovation and Change Essay Example | Topics and Well Written Essays - 750 words”, n.d.)
Innovation and Change Essay Example | Topics and Well Written Essays - 750 words. Retrieved from
(Innovation and Change Essay Example | Topics and Well Written Essays - 750 Words)
Innovation and Change Essay Example | Topics and Well Written Essays - 750 Words.
“Innovation and Change Essay Example | Topics and Well Written Essays - 750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Innovation and Change

Innovation and change

...? Innovation and Change Innovation and Change Unlike product innovation, the concept of service innovationis normally an intricate matter that presents businesspeople with myriad challenges in its development. In the context of service innovation, customers are normally seen to demand better services in life. However, the major challenge arises out of the fact that these consumers cannot specifically define the kind of service they expect to receive. It is often realized that people seek to achieve much satisfaction without a clear sense of knowledge on such satisfaction. It therefore creates a challenge for businesspeople to seek ways...
3 Pages(750 words)Essay

Innovation and Change

...? Literature Review: Innovation and Change Innovation is necessary for modern organizations to survive in the heavily competitive and globalized business world. Innovation provides market leadership to organizations. It is difficult for followers to survive in the ever changing international markets. Globalization was instrumental in stimulating innovative products, services and business strategies in the corporate world. Traditional products or business strategies may not help an organization to survive in the competitive business world. Innovations can have the ability to cause huge changes in an...
16 Pages(4000 words)Research Paper

Innovation and Change

...? Innovation and Change Introduction In the last few decades the global map of this earth has completely reformed. Technology which was a fantasy before World War II has now become a gigantic reality; nobody knew that science would become a part of the daily lives of every single human being. But the biggest question is how does change comes into this massive world. The answer to this is “innovation”. Changeability and innovation are interrelated as one confirms the possibility of the other. Innovation is the process of introduction of new possibilities in the current one. However it depends upon various factors including willingness to...
6 Pages(1500 words)Assignment

Innovation and Change

...?Innovation and Change Table of Contents Table of Contents 2 0 Introduction 3 2.0 What Is Innovation and Why Is It Important? 4 3.0 How Do We Measure, Understand or Characterise Innovation? 7 4.0 Thinking about Organisations In General 11 5.0 Thinking about Strategy in General 13 6.0 What Makes an Organisation Innovative? 18 7.0 Conclusion 20 8.0 References 22 9.0 Bibliography 26 1.0 Introduction Innovation and change is an important part of any business organisation. An organisation in order to be competitive in a market has to adopt incessant innovation strategies. In this paper, the importance of...
13 Pages(3250 words)Essay

Innovation and Change

...Innovation and Change Indeed, the contents of this module have been very stimulating and have been a great source of relevant knowledge on the important field of innovation and its support areas. Certainly, innovation is becoming a very integral component of modern business operations and this creates the need for much analysis and understanding of its core areas. In any case, innovation demands more than the conventional process of seeking to better operations in the organization through improved methods. It transcends all the sectors of the organization including management, operations and other support areas in the organization. It is therefore very...
6 Pages(1500 words)Essay

Innovation and Change

...?Governments Play a Crucial Role in Promoting Innovation Introduction It is obvious that the ability of a nation to innovate and successfully bring this innovation to the market is and will continue to be a crucial determinant of its competitiveness in the global market. Many policy makers are positing that the major driver of a nation’s well being and economic progress is its innovative activity. In addition, these activities are vital in the build up towards addressing global challenges like sustainable development and climate change (de Serres, Kobayakawa, Slok and Vartia, 2006). Today, innovative activity is a vital undertaking in...
13 Pages(3250 words)Essay

Innovation and Change

...? Innovation and Change s 21st June Introduction This present paper mainly focus on the concept of innovation, which has been described by Dehoff (2005, 1) as “the ability to define and develop new products and services and then deliver them to the target market.” Additionally, Dehoff (2005, 1) stated that through innovation a business organization is able to obtain competitive advantage and it also act as a source of value creation. Innovation is entwined with the issue of changing business environment that is influenced by various forces that include political, social, economical, technological, and environmental forces. In normal...
4 Pages(1000 words)Assignment

HRM Innovation and Change

...Synopsis ‘The leadership of Change’ taken from the book, Organizational Change by Barbara Senior and Jocelyn Fleming is a critical study of the importance of organizational leadership in propagating change. The authors have emphasized that the role of leaders, managers and the administrators of the organizations becomes more challenging when new strategy and changes are introduced in the organizations. The good leadership ensures effective communication with the employees with shared vision of the new strategy thus promoting better understanding among the employees for easy adaptability to change. The chapter elaborates that the traditional role of managers were confined to the well defined parameters of organization’s goals... and...
2 Pages(500 words)Essay

Innovation and Change

...Innovation and Change Introduction Entrepreneurship is more than merely establishing a business for that it involves a number of skills and abilities of the entrepreneur such as seeking better business opportunity, taking risks beyond security anticipation and having the tenacity to innovate (Kuratko, 2008, p. 3) by aligning newer ideas to technology, people, process and other resources. Joseph A. Schumpeter, widely renowned as the father of entrepreneurship, perceived entrepreneur as an innovator (Carsrud and Brannback , 2007, p. 7) and he argued that entrepreneurs are those who perform and carry out new combinations by finding and taking opportunities to be seized to...
16 Pages(3500 words)Assignment

Leading innovation and change

...LEADING INNOVATION AND CHANGE ‘The trouble is that most organisations are unwittingly designed to encourage the acquisition of behaviours and practices they wish they had less of’. Discuss with reference to innovation and suggest ways in which these unhelpful behaviours and practices can be overcome. Introduction Innovation can be said be a necessary requirement for modern organisational development and growth. This is because through innovation, organisations of any kind are offered the opportunities of commercialise their inventions (Chan-Olmsted & Jamison, 2001). Any modern organisation that fails to prioritise and promote...
14 Pages(3500 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Innovation and Change for FREE!

Contact Us