March 15th, 2012
Effective words - 5262
Table of Contents
1.Critical literature review of theories of innovation and change4
1.1.Why innovation is critical for an organization?4
1.1.2.Definition of invention5
1.1.3.Definition of innovation5
1.1.4.Why innovation matters7
1.1.5.The driver of innovation7
1.2.How to innovate8
1.3.Moving from innovation to change8
1.3.1.What change is about9
1.3.2.Type of change9
1.3.4.Resistance to change12
1.3.5.Change – People impact12
1.4.Leadership skills for innovation and change13
2.Critical analysis of practical examples of changes15
3.Personal leadership skills related to innovation and change17
3.1.Self-assessment of my own leadership style and skills17
This paper has been written in order to present a critical review of theories of innovation and change. Additionally, different theories will be compared and weaknesses or strengths will be highlighted. Document presented below is not only on an extensive review of the literature but also on my own working experience within banking industry. This paper will contain three sections; the first section is theory review of Innovation and Change. The second section consists of going through personal successful and unsuccessful changes which I faced in my professional environment. The third and last section is about a self-assessment on my own leadership skills, including a personal action plan to support my further development. 1.
1. Critical literature review of theories of innovation and change
2.1. Why innovation is critical for an organization?
What company would like to avoid most is immobilism or even worst losing market share. One way to increase their footprint or to stay the leader into specific markets is to offer new products, new solutions and / or services to their customers. This is where creativity, invention and innovation are playing a critical role within the organisation.
Isaksen and Tidd (2006) argue that “creativity is the making and communicating of meaningful new connections to help us think of many possibilities; to help us think and experience in varied ways and using different points of view; to help us think of new and unusual possibilities; and to guide us in generating and selecting alternatives. These new connections and possibilities must result in something of value for the individual, group, organization, or society.” For Bills and Genasi (2003) creativity is “the capacity to challenge the existing order of things, by deliberately forcing ourselves out of our usual way of thinking, to see the status quo from a new and enlightening perspective, to form new ideas and find practical ways to implement change in the light of fresh insights”.
For Amabille (1997) “creativity is the first step in innovation”… Osborn (1953) creates Seven-step model for creativity thinking who balance between analysis and imagination. Here are his seven steps:- 1. Orientation: pointing up the problem
2. Preparation: gathering pertinent data
3. Analysis: breaking down the relevant material
4. Ideation: piling up alternatives by way of ideas
5. Incubation: letting up, to invite illumination
6. Synthesis: putting the pieces together
7. Evaluation: judging the resulting ideas
Dahlen (2008) relates that “researchers found three main factors that control the outcome of creativity”, the first one is the “situation” responsible for 43% of the creative result. The second factor is the “knowledge” which accounts for 32% of the creative result and lastly “Motivation” which represent the missing 25%. Personally these...