Q1. Identify and critically evaluate the main components of 3M's strategy for building innovative capability and for driving the development, introduction, and exploitation of 3M's products as the company evolved up to the mid 1990's.
Through historical data as presented in the case, it could be agreed upon that 3M is indeed one of the best entities in the competition of companies under the industries of modern innovative computing procedures…
Yes, CHANGE is the primary asset that the company upholds giving it the kind of reputation that it deserves from all the efforts that its administrators prefer to apply in the process of giving the organization a boost to continuously grow in the industry. How do they deal with the change Like others, they need to consider several points of change management that surely gives them a chance to handle the challenges successfully. To be able to successfully apply change, there are at least ten (10) major ways that should be considered by the administrators collectively. Deriving these particular procedures from the method pattern created by several experts on the organizational management field of industries, the discussion of the methodologies that follow are expected to more meaningful change of organizational structures.
It is very important that the organization's vision towards the changes to be applied are strongly identified as it will certainly describe whether the changes to be done are of great importance for the sake of the organization's progress or not.
2. Planning the Procedures to be Taken
The plans are to be clarified as they are the ones that would set the path that the adjustments on the organization would actually take. Moreover, the plans shall serve as the guidelines to everyone involved in the adjustments, hence, they should be modified so as to meet the needs of the company and its employees as well.
3. Collaborating with involved Higher Management Authorities
After the plans have been made, asking the approval of higher managerial departments should be searched for further suggestions that they may still imply on the program.
4. Deciding on the plan's further scheduled application
The plan's application is to be decided by the higher level of management. Hence, the schedule of all the activities pertaining to the change shall be well taken into consideration by the said personnel.
5. Communicating to the people (stakeholders of the company including employees of the rank and file positions)
Once everything has been fixed, letting the members of the organization know of the changes and the procedures by which the adjustments are to take place is at an utmost importance to consider.
6. Empowering the People
Communicating is not enough, it is strongly suggested that the people be empowered further so as to gear them with the preparation that they need for the adjustments to be further applied in the organization.
7. Applying the Action
Application of the plan is then to commence once everything has been set.
8. Appointing Personnel
Appointing the people who are to be stationed as supervisors of the results of the change, ...
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(Management of Innovation and Change Essay Example | Topics and Well Written Essays - 1500 Words)
“Management of Innovation and Change Essay Example | Topics and Well Written Essays - 1500 Words”, n.d. https://studentshare.net/business/293804-management-of-innovation-and-change.
Change is good and offer organizations competitive advantage since it helps improve performance, increase efficiency and ensure long term sustainability (Tidd and Bessant 2011). Though initiation of change process also takes place at internal organizational level, most of the time it is influenced and initiated by external forces.
However, in practice, the above target is difficult to be achieved taking into consideration the high market competition. Innovation, as part of the organizational strategic process, can help firms to remain competitive, even under strong market pressures.
18 7.0 Conclusion 20 8.0 References 22 9.0 Bibliography 26 1.0 Introduction Innovation and change is an important part of any business organisation. An organisation in order to be competitive in a market has to adopt incessant innovation strategies. In this paper, the importance of innovation in present day business environment has been described.
Fastidious entrepreneurs employ not only skilled and educated individuals to man their firm so as to attain the highest advantage against their competitors but likewise devise means to acquire the best and most ingenious salesmen to promote their business.
In this regard, strategies are always put into place in order to ensure that such organizations are not left behind in terms of innovation. Nevertheless, it should always be realized that innovation can not just be achieved for the sake of its benefits. Proper innovation calls for sufficient investment in research and development activities which can effectively lead to the development and discovery of better forms of manufacturing, operations or service delivery (Cooper & Edgett, 2000).
In any case, innovation demands more than the conventional process of seeking to better operations in the organization through improved methods. It transcends all the sectors of the organization including management, operations and other support areas in the organization.
The innovation is the recognition of the new ways in organizing the work and its areas. The management of work force like empowerment of employees, partnerships with new organizations and people, positive actions can be made innovative by involving all employees in order to make a change in the organization.
Companies and organizations are made for people and by the people, and obviously their effectiveness depends on the behavior and performance of the people running these companies. Organisations success or failure depends upon the success or failure of the people within the organisation.