How does innovation affects and change how a company/organisation is manage? Please describe and where possible, explain with an example.
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How does innovation affects and change how a company/organisation is manage? Please describe and where possible, explain with an example.
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Can you please expand on the 3 points and also give an example for each.
by Bartleby Expert- Critically discuss how innovation can help organisations achieve and sustain their competitive advantage. Use examples from different theorists and examples from the business practice1. What is the difference between innovation and invention? 2. To what extent does each of these impact or influence the competitive advantage of an organisation?Discuss the role of innovation in evolving and adapting business models over time. Provide case studies of companies that have innovated successfully in this regard.
- The world is constantly changing. Some of the businesses and organizations that were around a decade are now gone. Businesses that are successful continually change and adapt to survive. Discuss the following: •Discuss 3 elements of innovation that are important for organizational change.Why do leading firms fail to recognize and react to potentially disruptive innovations? How can a firm avoid the kind of blindness that leads to disruption?How can companies balance the need for innovation with the need for operational efficiency and stability?
- Conduct an innovation audit of your chosen organization and critically assess how innovation has impacted the organization over the past five years. Your innovation audit should be based on the organisation’s culture, agility, resources and skills.Why it’s necessary to generate innovative business ideas instead of duplicating available ideas?Discuss what are the four main types of innovation and their similarity and difference with each other. the 4 main types of innovation are Product, Process, Marketing, and Organisational
- How should I organize to enhance innovation outcomes in my firm? What determines when I should make vs. buy? Is there a viable business model in which I can effectively outsource innovation and just buy the ones I see as successful? Can I still "win" financially by making such purchases and acquisitions? If so, how? Firms like Netflix, or even personal brands such as Madonna and Justin Timberlake, have successfully managed across two time periods In effect, they have re-invented themselves to "fit" into a new competitive space. What can we learn from these firms or brands?Examine the factors that drive technological change in organizations. Assess your organization's innovation ability in this context.Explain the concept of the "innovator's dilemma" in the context of disruptive innovation and its implications for established business models.