The Importance Of Innovation Architecture

1658 WordsOct 2, 20177 Pages
The Importance of Innovation Architecture “Innovation generally refers to changing processes or creating more effective processes, products, and ideas (Business, 2017). Innovation mean to put in to place new ideas, generating powerful products, or improving your existing services (Business, 2017). Innovation can be a spark for the growth and success of a company, and help them to adapt and grow in the marketplace” (Business, 2017). Innovative is not only inventing, but changing your business model and adapting to changes in your environment to deliver better products or services. Successful innovation should be an in-built part of your business strategy, where you create a culture of innovation and lead the way in innovative thinking and…show more content…
The cultural template in the pass will not work now (Krishnamoorthy, 2015). A new cultural template was made. This template was call the GE Beliefs. These beliefs are “customers determine our success, stay learn to go fast, learn and adapt to win, empower and inspire each other, and deliver results in an uncertain world” (Krishnamoorthy, 2015). This is a culture the employees wanted to see implemented. All operating rhythm will have to be more agile, responsive, nimble, and focused (Krishnamoorthy, 2015). This caused the strategic planning to move from annually to quarterly. GE believes that companies should constantly examine their culture so it will not become an obstacle to change (Krishnamoorthy, 2015). Whirlpool is a successful innovation company. The company believes innovation is “the management system that drives a continuous flow of new ideas from concept to consumers” (Rapp, 2013). This company that realized they had to change their old platform from operational to a new platform called consumer focus (Norena, 2013). The consumer became the company focus. To make this happen the employees became a part of the innovation process (Norena, 2013). Innovation was not limited to the engineers, but to everyone, and everywhere (Norena, 2013). Whirlpool looked for new ways to strengthen its position as leaders in new products, services, and business (Rapp, 2013). They were looking for ways to please the consumer so they would purchase the product, and come
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