Innovation and Change
1) Why is it innovation important?
Do organizations merely look to “change for the sake of change,” or is innovation more of a strategic decision?
(In reflecting on the above question, you might want to consider the
concepts (from chapter 6) of “competitive advantage” (pg.114) and
“competitive inertia” (pg.116) and how they relate to the
discussion of innovation and change).
2) Different methods of managing innovation (experiential and incremental).
Can someone who describes him/herself as “not being very creative” be a successful contributor to the organizational innovation process? One possible way of looking at this question might be to consider:
a) The discussion of multi functional teams: one of the five dominant
aspects of the experiential approach to innovation, (p.147), and
b) The compression approach: innovation during incremental
change. (pp.147-149).
3) What is the role of Leadership/Management in this process?
Williams, C. (2014). MGMT 11 (11th ed.). Cengage Publishing.
ISBN: 978-1-337-40747-2.Accompanying Website: www.cengage.co.
I provieded the book name and the powerpoint that we studied
Answer preview
Innovation is the path an organization takes up in order to improve its internal operations as well as the external ones with the aim of improvement of the organizational interactions. It involves the development of new ideas, strategies, and concepts that are uptaken by the organization at hand to improve the competitive ability of the organization in its market. Change on the other hand is the disregard of prior methods of operation and the uptake of new ones with the aim of satisfying set organizational goals and improving the organizational interactions at various levels. Innovation and change come in handy when organizations are taking part in actively competitive markets or new markets altogether…
(850 words)