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Management of Innovation and Change - Essay Example

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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…
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Management of Innovation and Change
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Management of Innovation and Change

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, ... Read More
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