The innovation is a result of knowledge management, value chain management, customer partnership, distribution, finance, manufacturing and competitiveness. The innovation and changes it brings in the organizations can be analysed by a frame work and different models. These are useful in assessing the effectiveness of innovation and change. The structure, systems, style, skills, staff and shared values are the key elements in making any organization successful. This tells that the innovation and change also should be brought in these elements uniformly so that they effect each other's operations positively. This helps the managers to address and manage the difficulties posed by changes that are necessary for long term development of the company. In general the initiation of the innovation by leaders in the managers will lead to break the rules. The declaration of the future by the leader will involve a purpose for the company in the future. This involves the enterprise wide approach to business process management and can remove the obstacles blocking execution of management intentions. This increases agility and focus on the activities of the business. When organizational structure defines the framework, there is less probability for innovation. ...Show more
The acceleration of the business life cycles cannot give success while feeling comfortable. Being a head in the market conditions is possible with innovation and this can result in change in the conditions and the environment of the company. The introduction of new technologies is necessary to increase innovation in human resources…
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.
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.
The gadgets that they produce from high-end materials makes the product of the brand offered by the organization widely accepted in USA ever since they began to exist during the late 80's towards the mid 90's. It could be noted that if there was one factor to be considered successful enough to place the organization to where it stands today, that is the constant want of the administration as well as the people of the company to continuously grow and innovate their internal and external policies in creating gadgets in computing that would most fit the needs of their target clients.