Got a tricky question? Receive an answer from students like you! Try us!

Management of Innovation and Change - Essay Example

Only on StudentShare
Masters
Essay
Business
Pages 6 (1506 words)

Summary

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…

Extract of sample
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 certainl ...
Download paper
Not exactly what you need?

Related Essays

Innovation and change
It therefore creates a challenge for businesspeople to seek ways and means of bridging the gap that seems to emerge. In this regard, service providers have to determine what the consumers really want and how such demands can be presented in the most effective way. In establishing customer requirements in order to meet the demands, it is imperative that service providers follow a methodical process that would eventually help in giving them an insightful view of what is really needed in the market. The assumption in this regard is that the developer is beginning from a point where a service…
3 pages (753 words)
Innovation and Change
Often, it is realized that most organizations fail to drive their innovation strategies in a proper manner. Recognizing the imperative need for innovation in the organization, most executives miscalculate in terms of their desire to innovate and the ability of the organization to innovate. In the face of such a dilemma, it only leads to a situation where the organization ultimately fails to achieve anything. It is therefore quite important that the desire of the organization to innovate is effectively synchronized with the capability of innovation. In such a case, it becomes easier to manage…
3 pages (753 words)
Innovation and change - open innovation and strategy
Most importantly, the present business environment mostly relies on innovation as the engine through which success and positive change can be realized in the organization. Any innovation process in the organization is normally intended to achieve the basic goals of the organization which include revenue growth, customer satisfaction and profit maximization. These fundamental metrics are therefore the core factors that any model for the measurement of innovation performance should focus upon. However, it must be realized that these success metrics can normally be influenced by other factors…
3 pages (753 words)
Innovation and Change
It is therefore very important that knowledge on these important areas is effectively imparted on the people working for organizations and beyond. As such, this module has been a great source of very relevant knowledge and information on some of the contemporary issues that characterize innovation practices across the world. As realized in the readings, the essence of innovation is basically to provide efficient means and ways through which operations in the organization can be bettered. In the same way, innovation is normally geared towards increasing the productivity of the organization…
6 pages (1506 words)
Innovation and Change
7) and he argued that entrepreneurs are those who perform and carry out new combinations by finding and taking opportunities to be seized to create new products or service and to establish a new marketable contribution to the economy (McDaniel, 2002, p. 57). Innovation is one of the most vital constituents in advancing living standard and wealth creation. Innovation may occur from different guises, but the roles played by both large scale and small to medium sized enterprises in creating innovation and translating the same to useful needs and wants to be met by customers in the market are…
14 pages (3514 words)
Organizational Change and Innovation
It is an undisputed fact that organizations must innovate in order to benefit from new technologies and resources to stay ahead of their competitors. Innovation, therefore, is viewed as both an ends and a means of securing competitive advantage. Organizational innovation has, therefore, been defined as the process whereby organizations engage in new product development or new uses of products and services that already exist. Before attempting to analyze the challenges of innovation as a change management process, it is necessary to understand the various types of change. Radical innovation…