(a) What is the relationship between organizations and innovation?
The research is aimed at defining the relationship between the two concepts that is innovation and organization, the concept innovation can be acquired and exploit by many organizations to achieve superior value. Mobbs C (2010), outline different definition constituting to innovation, one of the definition as stated by UK department of trade and industry (2004) defines innovation as “successful exploitation of new ideas”, Michael Porter (1990) further defines innovation as “A nation competitive advantage“ therefore innovation can be broadly defined and observed as a vital approach to achieve organizational goal and competitiveness.(Oxford dictionary;2005:1030) defines the
…show more content…
(Love, H & Roper, S; 2009) state that open innovation between external entities and internal employees of the organization will increase mobility of skilled workers. Munier, F(2006) conceptual frame work as stated by Levinthal (1993) describe exploitation of external knowledge as being a crucial approach towards innovation, the article further emphases innovation as stated by (Gibbons et al., 1994) that for an innovation to be established it require a multi interaction with public institution such as universities and other research centre .
Based on the articles and journals discussed above, complimentary relationship between organization and innovation was able to be identified. Innovation cannot happen in a vacuum, therefore an organization need to exploit new ideas in order for innovation to happen. The key drivers of innovation are people in an organization, who would then transform these ideas into something useful.
(b) What are for you and your firm/company the two most important lessons learnt from the organization and innovation course?
Studies were conduct by various articles and journals to exploit the meaning of innovation and organization to a larger scale. However the content of the course outlined the two crucial concepts, that is Product and Process innovation, lesson learnt from this two concept could be of a great value adding to Eskom as a whole. If an individual job profile is aimed at providing advice to Eskom vendors/supplier related quality
Innovation may be linked to positive changes in efficiency, productivity, quality and competitiveness, among other factors. Benefits of innovation could be the improvement in the workforce. By improving the workforce an organisation will benefit from increased productivity and improved morale and lower staff turnover. Employees will feel more valued which therefore increases motivation. This is beneficial to employers because it provides the organisation with knowledgeable, reliable staff who will have a more positive contribution to the needs of the organisation. Staff are a valuable source of innovation, even if it is not expected as a major part of their job. An innovative work environment means being creative and try new techniques. As Albert Einstein said “if you always do what you’ve always done, you will get what you’ve always got.”
Technological change is a fundamental driver of economic development and performance, not only at the level of firms and industries but also economies. Innovation is the organizational process through which new
In the 1800’s, before the establishment of factories, laborers worked from home and received a “piece-rate wage” based on the output and quality of products produced. Cottage industries included spinning, weaving, lacing, and branding, which provided job opportunities and a source of income for women. This “piece-rate wage” system disappeared during the Industrial Revolution, when steam-powered factories became laborers’ workplace. As women started to get older, the gender wage gap widened; by the age of 30, women factory workers only earned approximately one-third of a man’s wage. Women organized into labor unions, which utilized strikes to negotiate labor rights and fair pay. The strikes were not always successful, but started to catch the
Innovation is what gives businesses the competitive advantage the company will need to be profitable in the market. Innovation impacts the strategy, process, products and services that a company has to offer. Three organizations that have greatly used innovation are Discover Financial Services, Apple Inc, and McDonalds.
In addition, I will review how certain processes and systems could hinder innovation. Lastly, I will explain what organizational structures or processes could foster a culture of innovation at my present employer. [Good work suggesting the scope and purpose for the assignment. I’ll look to see how you make your points including your research and support for your analysis.]
Featured in this and many of the other theories and definitions for Innovation, are two strong common elements. Firstly the notion that innovation involves something new, original or improved and secondly the suggestion that this creates value and generally refers to an idea that changing processes or improves effectiveness or efficiency of a product, process or organisation. For businesses, this could mean implementing new ideas, creating dynamic products or improving existing services. Innovation can be a catalyst for the growth and success of a business, and help to adapt and grow in the marketplace.
If all the world’s events were put into one dramatic continuing timeline, it is sad to say that there would be more examples of bad than good. A person looking at the timeline would see bloodshed and tears where oppression and inhumanity were prominent. Major incidents would stand out: the Civil Rights Movement and segregation, and the harsh ways colored people were treated; the Holocaust, and all the blood of the Jews that were slain; and the Rwandan Genocide, with brother fighting and killing brother, and friend fighting and killing friend. These events keep happening in the world’s history due to an invisible force that pushes them: inhumanity and oppression. Oppression is the unjust or cruel exercise of authority or power. Most times, it
Innovation is an important tool in all companies and organizations. It helps them to create new products or change their current products in a way that brings them huge competitive advantage. It changes how the products are created and delivered and the risks that are undertaken to deliver the products. Regular and focused innovation is thus extremely important in the survival of organizations as is evidenced in the history of many of the successful organizations(Shane & Ulrich, 2004). In the IT sector, innovation is extremely important and is even known to be a priority. Various government agencies as well as private sector companies have stated that lack of innovation is a huge risk to the future of the organization and should be avoided at all costs. These sentiments are shared across the governments of Australia, UK, Canada, US, India and South Africa. This is to show that the importance of innovation cuts across all continents and countries(Bessant & Tidd, 2011).
This research intends to explore innovation at an individual level, but in a context, where the roles and functions of an organization appear eminent either as a promoter or an inhibitor of innovation.
Innovation within my organisation is about creating and successfully applying new ideas in this particular field. This could be in the form of such as creating and bringing a new product or service to market, or a series of smaller
Innovation is a term that is so widely used and thought of as simple inventions, but it is truly so much more. Innovation is a complex thought process of new ideas that can be implemented for the betterment of many. Change and adaption within any environment is the foundation of innovation and identifying its sources make it easier to implement innovation. The easier it is to foster an innovative environment and inject innovation; a positive impact on a business is instantly seen
There are various internal and external factors that can influence the development of innovations positively or negatively. External factors may include firm size, market structure, degree of industry concentration, and macroeconomic factors. Size of the firm tend to be more positive related to innovation in manufacturing and profit-making organizations as compared to non-profit making organization, and relationship that involves size and innovation will become stronger if a non-personnel or a long transformation measure of size has been applied, as compared to application of a personnel or a raw measure of size. Depending on the competition within the market for example a positive competition with favorable atmosphere, the firm will be successful in its kind of innovation. The way industries have been structured and how they change over time may have effect to the innovation among organizations. Their standards, the institutional setting and the process of liberalization and privatization also affect innovation.
This paper examines the leadership practices of managing change and employee development and how they support organizational innovation, analyze how discovery skills support innovation and successful innovators, and explore the author’s own strengths and weaknesses in using discover skills and the leadership practices of managing change and employee development. An organization that develops and fosters the right leadership culture has a competitive advantage over organizations that do not embrace the benefits of a strong leadership culture. Developing and fostering a culture of high performing, innovative leaders at all levels of an organization is more beneficial
Innovation is the process by which ideas are created, selected and implemented to bring about profitable change to organisations. Innovations come as a result of an identified need for organisations to change their current processes, activities or operations. Andriopoulos and Dawson (2009) explain that organisational change is ‘new ways of organizing and working’. They explain that change occur in two dimensions – movement of state and scope of change.
Innovation refers to finding new ways to improve the existing products, services, processes, technologies, and employee performance in an organizational setup. In today's competitive business environment, organizations have to focus on bringing innovation in each and every aspect of their business operations; like products or service offerings, enterprise resource planning systems, marketing and promotional efforts, and organizational structure. The market challenges and competitive pressures also force organizations to use a blend of all these innovation processes in their business activities. Therefore, it is vital to give an equal focus on product innovation, process innovation, marketing innovation, and organizational innovation within the limited organizational resources and capabilities.