The good and bad of standards based on innovations - Essay Example

Comments (0) Cite this document
Perhaps, this is because of the ever-increasing development and inventions, which are aimed at making work easier, or something close to that. Nonetheless, Allen, and Sriram, (2000:…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.4% of users find it useful
The good and bad of standards based on innovations
Read TextPreview

Extract of sample "The good and bad of standards based on innovations"

The good and bad of standards based on innovations By Submission
It is normal in today’s world, to have all sorts of innovations left, right and center. Perhaps, this is because of the ever-increasing development and inventions, which are aimed at making work easier, or something close to that. Nonetheless, Allen, and Sriram, (2000: 171-181) believe that the success of innovation, greatly relies on whether standardized processes are used or not. New standards are sometimes created by new innovations. In some cases, it can be built on innovations or even towards the achievement of innovations. Although what are the good and bad aspects of adopting the use of standards for innovation?
First, standards refer to the documented agreements, which comprise of technical guidelines that make sure processes, products, materials, and services are produced up to par or are fit for presentation. On the other hand, innovation can be described as an introduction to a new method, approach or concept to a product/enterprise to bring about exclusivity in function, behavior or form. It should be understood that innovation and standards are somehow interrelated, whereby a standardized model, will ensure innovation is quickly achieved. By introducing standards on innovations, an organization or a firm will have formed a basis for the introduction of new innovations, and also move a notch higher to ensure the components of the new innovation are mutually compatible. Moreover, standards are critical on innovation, because it is an avenue of having a mutual understanding in an organization, and can be used as a tool to facilitate measurement, communication, manufacturing and commerce. The good aspect of standards is what has made it to be everywhere and also play an important role in the economy. For instance, allowing firms to comply with relevant laws and regulations, offering interoperability between new and existing processes, services, and product.
However, while standards are critical to the success of innovation, it also has its shortcomings if enough care is not put in place. For instance, when standards are used in isolation, it cannot be the best tool to provide evidence for performance, hence providing a leeway for discrepancies. (Gann, & Salter, 2000, pp. 955-972)
As observed from the aforementioned ideas, standards based on innovation can be very beneficial to an organization, through providing a framework for new innovations. Although, for quite some time now, some organizations have always got it wrong when it comes to thinking about innovation and standards. Some organizations just think standards based on innovation are an important phenomenon, but they never do all it takes to ensure it works out. While some organization might equate innovation with being different, some are always limited to quality improvement and cost reduction. Both approaches are wrong in equal measure. Instead, for standards to be successful, organizations should focus on the same, shared, and common agreements, which will provide a stronger platform for tangible transformation.
Allen, R. H., & Sriram, R. D., 2000, The role of standards in innovation, Technological Forecasting and Social Change, 64(2), pp. 171-181.
Salter, A. J., & Gann, D. M., 2000, Innovation in project-based, service-enhanced firms: the construction of complex products and systems, Research policy, 29(7), pp. 955-972. Read More
Cite this document
  • APA
  • MLA
(“The good and bad of standards based on innovations Essay”, n.d.)
The good and bad of standards based on innovations Essay. Retrieved from
(The Good and Bad of Standards Based on Innovations Essay)
The Good and Bad of Standards Based on Innovations Essay.
“The Good and Bad of Standards Based on Innovations Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The good and bad of standards based on innovations

Globalization - Good or Bad

...? and Section # of A CRITICAL REVIEW OF GLOBALIZATION: GOOD OR BAD The article is aboutmerits and demerits of globalization. On the whole the author has supported globalization and put an emphasis on the merits of globalization like on one place the author states that it is the globalization that has helped to overcome the acute poverty and income inequalities prevailing in the world since last two decades. More specifically the author has given the examples of rising economies of china and India that have took several million people out of poverty. Though the people against the globalization may give examples of different other countries where poverty not only exists but also tends to increase. One needs...
4 Pages(1000 words)Essay

Globalization - Good or Bad

...? CRITICAL REVIEW Globalization - Good or bad? Globalization refers to increased economic integration asa result of increased trade and investments which then leads to increased movement of people, goods, services, capital, and ideas across the world. The author of the article “Globalization - good or bad?” under review has highlighted the main reasons why globalization is a good thing that should be embraced by all nations. China and India have been cited as classical examples of how globalization can help transform the livelihoods of poor citizens and make them climb the social ladder into the middle class. In terms of International...
4 Pages(1000 words)Essay

Technology good or bad

...Effects of Technology Currently technology has become part of every one’s life. It is not possible to imagine of a world devoid of technology such s the way life used to be a few hundred years ago. Today, it is not possible to define with simple words what technology is. The use of sophisticated gadgets, use devices and other the equipments that make our work easier and faster are all manner of names that we may ascribe to technology. From young people to the old, every one aspires to be recognized with the most modern ways of doing things, and to this, innovators have not disappointed. Many new gadgets in the telecommunication industry, service industry as well s manufacturing are finding their away to the market each...
4 Pages(1000 words)Research Paper

Good Mothers, Bad Mothers her kids. Here the question arises that should such mother be called a good mother or a bad one? Feminists believe that while struggling for life, if a woman neglects her children, she should not be termed as a bad mother, as she herself never preferred career rather she was forced to do work. In such circumstances when a married couple believes that they cannot provide quality life to their children, they delay them so as to make their standard better enough to comply the needs of life. Very close to this is the category of lone mothers, either divorced or unmarried. Traditionally, such mothers were highly condemned by the society as they cannot pay proper attention...
10 Pages(2500 words)Essay

Good Strategy/Bad Strategy

...Good Strategy/Bad Strategy Thesis The work compiled by Rumelt- Good Strategy/Bad Strategy involves the best methodology and plan for steering the best companies. The author is keen to warn managers against focusing a lot of mission statements, setting of goals and having numerous plans that touch on resources as opposed to coming up with strategies that will allow the company survive in the tough economic times. In this case, the author argues that it is the role of the managers to come with strategies that will be practical in the successful running of the business (Chapter 1). First, Rumelt indicates that the managers need to identify the nature of challenges facing...
3 Pages(750 words)Book Report/Review

Principle-based Standards versus Rule-based Standards compared to GAAP (Bennett, Bradbury & Prangnell 2006). Comparing application of guidance of the standards it can be determined that the rule based standard compel organization to a strict reading of rules while reporting financial statements (Benston, Bromwich & Wagenhofer 2006). On the contrary, the Principle-based standards have diverse application, as the guidance is more depended on the good judgments of circumstances. Analyzing the conceptual framework of IFRS and GAAP, it can be determined that the both standards are principle based. According to Schipper (2003), GAAP is “a recognized set of...
5 Pages(1250 words)Essay

Principles-based accounting standards

...Principles-based accounting standards. INTRODUCTION Some recent discussions of U.S. financial reporting include implicit or explicit recommendations that the U.S. abandon the current allegedly "rules-based" system in favor of a "principles-based" system, with the implication that some or all of the current difficulties facing U.S. financial reporting would be alleviated or even eliminated by such a shift. (1) In addition, Section 108 of the Sarbanes-Oxley Act of 2002 instructs the Securities and Exchange Commission (SEC) to conduct a study on the adoption of a principles-based accounting system. The study is to have four elements: * The extent to...
1 Pages(250 words)Essay

'Fair values good, historical costs bad' (after Orwell; Animal Farm). Discuss

...asset is any asset – cash, equity instruments, derivative and non-derivative contracts – that is recognised as such. A financial liability is any liability that is a contractual obligation to deliver a financial asset to another entity; or to exchange financial assets or financial liabilities with another; or a contract that will or may be settled in the entitys own equity instruments. Excluded are some instruments, such as leases, covered by other standards (Deloitte, 2006). IAS 39 continues being modified, with FASB’s help, from being a mixed (combined fair value and historical cost) to a pure fair value rule. Points of Controversy: Good or Bad? Along each side of the IAS 39 divide...
6 Pages(1500 words)Essay

Television: good or bad

...of perfect bodies and faces which are often modified by excessive make up, lights exposition and digital programs. It creates its TV reality which is engaging because it is perfect. It takes away peoples opportunity to be happy because they compare their lives with this TV depictions and feel depressed as they cannot experience the same wonders in their daily lives. All in all, the standards and values traced in different TV programs are almost impossible to achieve; the overwhelming number of depressions and eating disorders can be directly related to unreachable ideals of TV reality. Advertising is dangerous because it has immediate and often unconscious effect on people. Marketers and psychologists analyze their...
2 Pages(500 words)Essay

Standards-Based Decision Making

...Standards-Based Decision Making al Affiliation) Standards-Based Decision Making Audit reports provide an objective statement ascertaining users of a company’s financial statements that the statements are a truthful and fair reflection of the company’s internal controls over financial reporting. They represent a review of a company’s complete financial position. Publicly listed companies are required to conduct an audit procedure at the end of every fiscal year. The procedure can be carried out by internal or external auditors. The auditors then supply the audit reports with supplementary information covering their opinions. Auditors are required to state whether an audit...
4 Pages(1000 words)Essay
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 The good and bad of standards based on innovations for FREE!

Contact Us