Innovation importance
Activity 1
Submitted To:
Activity 1:
IDENTIFYING INNOVATION GAP
Utilize the given text book and research in order to complete the worksheet (you can use as many pages or examples to answer them:
“All organizations want to be innovative but seldom achieve it. They know it is key source of competitive advantage, but find it difficult to be an innovative organization.” Reasons identified by the researchers are that even though CEOs and employees have good intentions to become innovative in their companies they do not know how to implement or achieve it. This is innovation gap.
4*2=8 marks
1 1. Why do you think managers can’t implement or practice innovation in the organizations?
The implementation of innovation may be difficult for some managers because of different reasons. First of all many innovations—particularly technological innova- tions—are unreliable and imperfectly designed. The newer the technology, the more likely it is to have bugs, break down, and be awkward to use.
Second, many innovations require would-be users to acquire new technical knowledge and skills. For many people, this may be tedious or stressful.
Moreover, many team and organizational innovations require individuals to change their roles, routines, and norms. Innova- tion implementation may require individuals who have previ- ously worked quite independently to coordinate their activities and share information. It may also disrupt the status hierarchy, requiring individuals who have previously worked as boss and subordinates to now work as peers.
Another reason is that implementation is time consuming, expensive, and, at least initially, a drag on performance. Effective innovation implementation often requires hefty investments of time and money in technology start-up, training, user support, monitoring, meetings, and evaluation. Thus, even the most beneficial innovation is likely to result in poorer team and/or organizational performance in the short run.
Submitted To:
Activity 1:
IDENTIFYING INNOVATION GAP
Utilize the given text book and research in order to complete the worksheet (you can use as many pages or examples to answer them:
“All organizations want to be innovative but seldom achieve it. They know it is key source of competitive advantage, but find it difficult to be an innovative organization.” Reasons identified by the researchers are that even though CEOs and employees have good intentions to become innovative in their companies they do not know how to implement or achieve it. This is innovation gap.
4*2=8 marks
1 1. Why do you think managers can’t implement or practice innovation in the organizations?
The implementation of innovation may be difficult for some managers because of different reasons. First of all many innovations—particularly technological innova- tions—are unreliable and imperfectly designed. The newer the technology, the more likely it is to have bugs, break down, and be awkward to use.
Second, many innovations require would-be users to acquire new technical knowledge and skills. For many people, this may be tedious or stressful.
Moreover, many team and organizational innovations require individuals to change their roles, routines, and norms. Innova- tion implementation may require individuals who have previ- ously worked quite independently to coordinate their activities and share information. It may also disrupt the status hierarchy, requiring individuals who have previously worked as boss and subordinates to now work as peers.
Another reason is that implementation is time consuming, expensive, and, at least initially, a drag on performance. Effective innovation implementation often requires hefty investments of time and money in technology start-up, training, user support, monitoring, meetings, and evaluation. Thus, even the most beneficial innovation is likely to result in poorer team and/or organizational performance in the short run.
References: http://www.mytopbusinessideas.com/ http://hubpages.com/ http://www.forbes.com/ http://en.wikipedia.org