Beyond Start Up Mode : What Leaders At Established Companies Be Doing?

The environment of an individual including culture of the company, management style, level of stress at work, etc…are also very important factors.

| Thomas, in regards to the line you comment on "innovative changes often originate from lower levels of the organization", I totally agree withthat statement due to the fact that those lower level employees are the ones who are working in the fields, in terms of having their hands on the equipment and having the full knowledge of what improvements are needed in the work field. Innovation often derive from insight and even frustration at times. Good post.

A recent survey of the nation's top CEO's concludes that innovation remains the lifeblood of business. "For CEO's today, it's all about achieving growth and efficiency through innovation. It's not about product innovation so much anymore as about innovating business models, process, culture and management." (April, 2006).

create a growth culture important and what are the keys to being an innovative organization? Please explain each.

What particular elements of each organization’s culture, processes, and management systems and styles work well to support innovation?

The Breakthrough Innovation Framework, or BrinnovationTM, incorporates Kotter’s Leading Change model, while emphasizing a framework of innovation (Gupta, 2011). The Brinnovation framework accentuates the abilities and talents of those in the system, with its success depending on a change in the organization’s culture to embrace innovation (Gupta, 2011). The leadership can achieve a transformation in organizational thinking by applying Kotter’s eight-step plan, focusing on creativity (Gupta, 2011).

Technological innovations has it’s cost and most CEO’s are not willing to take the risk that are needed in the research and development stages to stay the course to reach greatness in the technology industry. We find very few companies that are willing to say either we make it or we go under trying to get there. Henri Termeer did just that with Genzyme Corporation that had only been in existence for two years. Mr. Termeer was willing to put the whole company at risk for a strategic plan that most people said that it would not work. Mr. Termeer not

If businesses don't evolve, they end up like Atari, Pan Am and Woolworth's, onetime industry leaders that crashed against the rocks of strategy, innovation and competition. So the successful ones aren't shy about borrowing good ideas from others.

Tidd and Bessant (2009) argued that “Unless an organization is able to move into further innovation, it risks being left behind as others take the lead in changing their offerings, their operational processes or the underlying models that drive their business”.

Business practices are always changing along with the frequent changes of technology. These changes require imagination and invention in business. Managers/leaders need to realize the importance of keeping themselves up to date. Creativity and innovation are significantly imperative to being competitive in today’s business world. Our HR department to strive to be more and more creative and innovative regarding making new ideas and implementing productive processes into practice. For example, in places like Asia and China where populations are very crowded the creativity and innovation of the mopeds in now a revolution. Mopeds sales are leading automobile sales in some parts of the world because someone had an idea and brought it to fruition implemented into practice. When the leaders in an organization have this ability to conceive something original or unusual then implementing something new success isn’t far off. The people in the world today wants something new, better, and cost-effective. Creativity and innovation involve finding a new way of doing things be it a product, process or design. Our HR department could be more creative and innovated by doing three things. Provide training, go global and create a diverse culture in the workforce.

Innovators change things. They take ideas composed in their minds, or the mind of others, and promote those ideas until they become encompassed into our everyday lives. “Innovation requires self-confidence, a taste for taking risks, leadership ability and a vision of what the future should be” (“Henry Ford). Henry Ford had all of these qualities, but it took him many years to acquire them entirely.

As discussed by Grant and Jennings in Organizational Behavior and Contemporary strategy analysis a true innovation in the business is more than what’s traditionally defined as innovation. The traditional definition of innovation is defined “as the adoption of an idea or behavior that is new to the adopting organization’s industry, market, or its external/internal environment.” When in reality innovation in the work place requires implementation and it is much more than a creative idea. Real innovation creates a competitive advantage and equips the innovator with the ability to overcome “the competitive advantage of other firms.” By definition true innovation in the workplace will add value to the development of a competitive advantage and in order for a CEO of a distributor to achieve true innovation, he would have to start from the very top addressing issues with his company’s culture, people, structure, processes, and incentives.

As world markets become globalized, heightened competition and uncertain economic and social environments pose significant new challenges for firms. It is important for firms to develop management systems that have the capability to react quickly to change and that promote innovation. Competitive advantage lies with those firms that have adapted to become learning organizations with the capacity to constantly monitor external environments to swiftly respond to change (Kauppila et.al, 2011). Today's most successful firms favor information and knowledge, function under less hierarchy and value team production over the management systems of the past era of mass production (Calerio, 2008). Those systems relied on top-down direction, which greatly limited agility in decision making. Today, global markets demand greater flexibility and on-the-spot decision making. The answer then becomes access to relevant information the more knowledge the firm has, the more capable it becomes in regards to outpacing competitors.

Innovation offers the companies a competitive advantage. Presently and within the future, more than any time in history, the key to competitive advantage is innovation. However innovation will facilitate businesses meet all of their strategic challenges, not simply competition; to illustrate, in confronting accelerating rates of change, globalization, apace advancing technology, a additional numerous workforce, associated a modification from an industrial to a knowledge-based economy. Meeting all of those challenges helps the firm attain competitiveness, and meeting these challenges suitably depends on innovation. Innovation allows a firm to workout its challenges in distinctive ways in which build competitive advantage either through relative differentiation, a relative low-priced position, or few acceptable level of each. Innovation cannot assure success, however success cannot be achieved within the end of the day without it.

Effective leaders need to be creative and innovative. Effective leaders need to understand that the blood of the organization which they are leading lays innovation and creativity (Swid, 2015). Creation of new ideas can result in programs which are superior to the already planned or established plans. The responsibility of the leadership is to engage appropriate people in the right times, to the appropriate degree but in creative manner. Employee creativity is also enhanced by leaders who are inspirational. Any business