Organization Innovation
Name
Instructor
Course
Date
Organization Innovation Assessment The organization does not have impressive rankings in the five dimensions. It particularly ranks poorly in processes, linkages, and strategy with scores of 2, 2, and 2.25 respectively. The scores for organization and learning are 2.5 and 2.625 respectively. The company does not support innovation and this is seen clearly from the results. It has failed to realize the benefits realized by working with the universities in research and development of products. The top management does provide any incentives or encourage its employees to embrace innovation. When someone comes up with an innovative product, the management does not show any form of meaningful support.
The company has not established any mechanisms that will ensure that a new product is implemented. Furthermore, it is not aware of changes in industry because it does not work with any other company or institution. The company does not seem to be concerned about the future. It does not employ any forecasting tools and this means that it misses the chance of taking advantage of any opportunities or taking effective measures to combat the threats that may occur. The organizations structure does not benefit the company in terms of creating potential through innovation. The structure is developed in such a way that people take considerable time before they make decisions.
The company should encourage the workers to be innovative by including innovation in its reward and recognition system. Including rewards will be an effective way of motivating the workers towards development of new products. Therefore, the reward and recognition system should be made in such a way that it will entice the workers. There is a need for the company to enhance communication. It should make it possible for the customers, other employees and others who are interested in the company to communicate their opinions and suggestions. This will be one way of ensuring that the company comes up with better services and products.
The company needs to act on its training and development department. This will ensure that all the employees have adequate, relevant, and updated skills and knowledge. Workers need to update their skills to reflect the changes in the industry. They need to be comfortable when making decisions concerning their responsibilities. Engaging in training and development will enable them to achieve this. The company needs to invest in research and development. This will require collaboration with other industry players and stakeholders. Research and development is the key to innovation. It will ensure that the company comes up with pioneer products that save on time and money and this will benefit the company.
The results
indicate that a company does not have a manageable strategic planning process.
There is a need for the management to develop a clear strategy in line with the
company’s objective and vision. It should communicate this strategy to the
employees and it should make sure that they understand it well. This will be
essential in ensuring that all the workers concern and effort is directed
towards the achievement of the established goals. The company should show
appreciation for innovation. This is important considering that it can benefit
from innovative products. The management should show full commitment by
enabling the employees to acquire the resources they need to develop innovative
products. The management should show its commitment to the customers by
ensuring that it acts on their suggestions and opinions. The organization
should consider changing its structure by making it leaner as this will help it
improve decision-making
Work Cited:
Tidd, Joe and John, Bessant. Managing Innovation: Integrating Technological, Market and Organizational Change. Chichester: Wiley, 2013. Print
Top-quality papers guaranteed
100% original papers
We sell only unique pieces of writing completed according to your demands.
Confidential service
We use security encryption to keep your personal data protected.
Money-back guarantee
We can give your money back if something goes wrong with your order.
Enjoy the free features we offer to everyone
-
Title page
Get a free title page formatted according to the specifics of your particular style.
-
Custom formatting
Request us to use APA, MLA, Harvard, Chicago, or any other style for your essay.
-
Bibliography page
Don’t pay extra for a list of references that perfectly fits your academic needs.
-
24/7 support assistance
Ask us a question anytime you need to—we don’t charge extra for supporting you!
Calculate how much your essay costs
What we are popular for
- English 101
- History
- Business Studies
- Management
- Literature
- Composition
- Psychology
- Philosophy
- Marketing
- Economics