Disruptive Innovation

The problem is that, while the market has changed beyond recognition, leadership has not. Many companies still use leadership styles and practices better suited to the boom years. For example, we found that nearly half the leaders in financial companies rely on a "directive or coercive" leadership style, compared to just one-third of leaders across all sectors.

"It is a false assumption of mankind to assume the resilience of outdated practices," said western thinker and philosopher Slavoj Žižek. I agree with Žižek in supporting the statement that it is always necessary to find new solutions to problems. Innovation is paramount to our growth as a civilization, and will perish if not used, which can be exemplified through literature, history, and current world affairs.

Today, organizations need to have a clear understanding of where their organization is and where it needs to be in the future to secure longevity and financial success (Moore, Ellsworth, & Kaufman, 2011). Organizations need to have a performance management system in place to stay competitive. Therefore, having a well-developed performance management process in place allows the employer and employee to communicate goals, share information, and establish career growth. Performance management needs to contribute to the success of the organization while providing a positive impact on the employees. Therefore, the mission, goals and performance management should coincide with one another.

Performance management is about creating a culture that encourages the continuous improvement of business processes and of individuals’ skills, behaviour and contribution. It is a repetitive process that is continually reviewed and is both strategic and integrated. It is about broad issues and long-term goals and integrated by linking various aspects of the business, people management, individuals and teams to delivering successful results in organisations. It does this by improving performance and developing the capabilities of teams and individuals.

“There is no escaping change- except for death! Thus it makes good and prudent sense to learn as much as on can about the nature of change, including how to embrace it and how to maximize positive changes”(Porter_ O’Grady & Malloch,2016.p.4). It is important for a leader to understand her own philosophy of innovation and leadership to be effective in the workplace. In this course, I learned how to develop my philosophy of innovation and leadership, and how to create my own personal mission based on my ethics and core values to be effective DNP leader in the future.

Evidence-based disruptive innovations can be a very good thing in the healthcare industry. Disruptive innovation in itself can prove to be undesired, not only it fosters great change, but also poses economic problems for vendors and organizations. The latter will have to invest in this new idea, thus negating some of it previous investment in the old technology or procedure. Having data to support the worth and validity of new ideas will help convince stakeholders of the importance of the change and protect it more or less from being blockaded by those who would benefit from the status quo.

“There is no escaping change- except for death! Thus it makes good and prudent sense to learn as much as on can about the nature of change, including how to embrace it and how to maximize positive changes”(Porter_ O’Grady & Malloch,2016.p.4). It is important for a leader to understand her own philosophy of innovation and leadership to be effective in the workplace. In this course, I learned how to develop my philosophy of innovation and leadership, and how to create my own personal mission based on my ethics and core values to be effective DNP leader in the future.

In my current position I am working to bridge the gap between the continuing education programs and credit program. For example, my organization offers a continuing education program in which students can train to become Certified Nursing Assistant. After completing the course the student is allowed to sit for the state board exam in order to obtain a Certification as a Nursing Assistant. A first year nursing student completes the same requirement as a continuing education student. If the first year nursing student chooses to obtain the certification he or she will sit for the same exam in order to

Abstract: This report explores P&G's "Connect and Develop" open innovation initiative. Its focus is to analyse this innovation strategy in the context of the formal academic theory, other P&G's programmes and the company situation. Its objective is to understand the impacts, challenges and problems of implementing a large open innovation initiative inside a corporate giant such as P&G. Keywords: Procter & Gamble, P&G, Open Innovation, Connect and Develop, Innovation Networks

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”.

The idea of implementing radical/ disruptive innovation in mature firms is discussed in the article of Richard Leifer; Gina Colarelli O’Connor and Mark Rice, ”Implementing radical innovation in mature firms” revealing the fact that there is increasing evidence of breakthrough innovation in the competitive marketplace today, but there is uncertainty on whether it is worth risk taking today?!

3D printing is a recent technology that is springing up all over the world, and is being used to create innovative and exciting things. A 3D printer works by first using a “blueprint” created by a user on a computer in certain programs. This object can be almost any geometric shape possible. The printer will then take the blueprint and synthesize the object slowly over time. These objects are created by the printer placing each layer over layer of the object on a 3-dimensional grid until it is fully replicated. Shown right is a 3D printer purchasable for $2500, a high end consumer-level printer. This printer is only capable of producing static, but complex objects designed by the user. The materials that the 3D printers utilize depends on the type of the printer. There are certain printers that are consumer grade, similar to above, and can only print small, “knick-knack” like objects. These printers print with different types of plastics. Industrial grade printers also exist, which can utilize anything from plastic, polymers, and even metal alloys. In the medical field, however, living cells can be used as a building material in specialized printers. Scientists from the University of Edinburgh have developed a cell-printer that can print using living embryonic stem cells. This technology is one of the first stepping stones that can be used for testing new drugs, growing organs, and printing cells directly inside the body (LiveScience). These embryonic stem cells are obtained

Sustainable innovations can be achieved through proper management rather than through happenstance or chance management of innovations. Robust organisations can therefore plan and take advantage of innovation opportunities and also recover from mistakes and failures quickly and with minimal damage.

These companies are targeting the bottom of the pyramid because this segment represents two-thirds of the world’s population (4 billion people). However, those people live on less than $2 per day and 1.5 billion people have no access to electricity. Companies such as the ones mentioned above have found out that this situation has provided an opportunity to create innovative sources renewable energy. Another reason why they are doing this is because growth in mature markets tends to slow down. Therefore, many global companies are realizing that the ability to serve the needs of the world’s

Essentially, this is what we are speaking about when we refer to organizational performance and achievement of successful outcomes. (James, 2017)