INNOVATION AND CHANGE Essay Example | Topics and Well Written Essays - 2500 words

INNOVATION AND CHANGE - Essay Example The organizations which can excel in these activities would be in a better position to fetch a continual competitive advantage over its competitors. The successful and effective utilisation of the inventive technologies and new resources is very much dependent on the capability of an organization to indulge into innovation. However, the introduction of such new technologies can bring in some complex challenges as well as opportunities, leading to considerable changes in the managerial practices to form new organizational environment. As in today’s environment, the organizational and technological innovations are entwined. In the year 1950, Schumpeter considered organizational changes, along with the new processes and products, new markets as the key factors leading to ‘creative destruction’. ... One of the significant issues in carrying out research on innovation is to exactly define the concept, ‘innovation’. There is no need to say that ‘innovation’ is something new or original. Beyond this concept of freshness, the dentition of ‘innovation’ would vary in accordance with academic perspective as well the application of the same. A number of researchers have agreed to the fact that an implied aspect of innovation is surely its usefulness. Hence, it distinguishes the ‘innovation’ from any invention as inventions may not have a practical application. More precisely, as per business sense, it is very much desired that innovation would be contributing to the firm’s performance in one or the other way. There is an ongoing debate whether innovation is a mere process or an outcome of the same. This is significant and may be useful in studying the innovation stages as part of organizational processes. Even, the differences c an be useful to find out at which point the organizations become innovative. Another concern has been raised in defining the ‘innovation’. The innovativeness of any firm can demand the firm to be the first mover in any market or innovator in activities. In the year 1983 Rodgers and after 10 years in 1993, Dowling had said that the firms are required to be among a specific percentage of the adopters to be innovative (Read, â€Å"A Definition of Innovation’). The concept of innovation is pretty wide as there can be various types and stages of innovation and varied level of analysis. In the year 1997, Gopalkrishnan and Damanpour had identified three kinds of innovation: radical versus incremental, technical versus administrative

Michle Bear and Mark D. Cannon Article Example | Topics and Well Written Essays - 500 words

Michle Bear and Mark D. Cannon - Article Example he article explains the assumption made to analyze each situation considering the authors find that there had been no research done to justify the decision process for PFP plans by the management. The article state that the managers found that the cost of the PFP plans was greater than its benefits. The managerial thought effective leadership, clear objective, coaching and training to be better investment. The authors have done a research on the implementation of PFP and the context in which the system was implemented. The article suggest that cost and benefit analysis has led to the elimination of PFP system. That authors state that the study allowed them to understand the reason why the managerial did not implement PFP programs. Their challenges in making decision regarding PFP system was studied through experiment. The study included organization of United States and workers were blue – collar employees. In study, Beer and Cannon understood that the PFP program of Hewlett Packard was eliminated in three years of its implementing. The article explains about the five case example of experiment project of HP at different sites in America as San Diego site, Boise printer formatter shop, PRCO Loveland, Colorado Memory System, The workstation group. The PFP programs included bonus packages on completing of project also stock awards were given to the employees for quality of product and customer service. The trial projected only lasted for 6 months and the employees felt there was no benefit out of this PFP program and some did thing it was a successful attempt. However the experimental projects were dropped as the HP management felt such a motivation was not necessary for a positive outcome. They found that the current pay system is sufficient to support the work team environment. The authors tell that HP management has gained information from this experiment and this has given an insight about the decision making process of the management. The management of the