Innovation and change Essay Example | Topics and Well Written Essays - 3500 words

Innovation and change - Essay ExampleThe potential of firms to be mod is critically examined in this paper particular emphasis is given on the fact that each firm can diddle to be innovative, a state that is discussed by referring to the literature published in the particular field. In order to show whether a firm can learn to be innovative, reference is do primarily to the requirements and the characteristics of innovation then the effects (benefits and drawbacks) of innovation and change argon presented aiming to evaluate whether it is feasible for a firm to learn to be innovative and the toll under which such process could be successfully completed. It is proved that, indeed, a firm can learn to be innovative but the level at which innovation will actually become part of the specific organization cannot be standardized. In fact, each firm is likely to respond differently to the requirements of innovation, as part of the strategic planning process. Moreover, leaders and manage rs in modern organization are likely to develop different views on the needs and the scope of innovation, an import which should be also taken into consideration when examining the influence of innovation on organizational life and, especially, the level at which each organization can learn to be innovative. 2. ... ion to exist it is necessary that the changes in the existing organizational practices are such that the product/ process involved is unique or at to the lowest degree quite difficult to be identified by customers in the particular market (Tidd et al. 2005, 8) also, cadence is quite important when referring to innovation. The introduction of the innovative products/ services in the market need to be developed quite fast, ensuring that no similar products/ services are available in the market at the particular time point (Tidd et al. 2005, 8). Innovation could also refer to the following issues a) the introduction of a process/ platform, which would be used for the deve lopment of other products/ services in the future tense these processes could pre-exist but they have not been used in the specific role up to now or b) the introduction of totally new platform/ processes (Tidd et al. 2005, 9), an opening move which may be risky, especially because there are no prior indicators of the performance of the specific processes. Innovation requires the change of existing organizational practices referring also to those practices, which are introduced for first time, since such initiative indicates the change in the organizations strategy. Different approaches have been used in the literature in order to pay back change as part of innovation. In accordance with Andriopoulos et al (2009) change has been characterized as both an ongoing dynamic process and as an episode in the life of an organization (Andriopoulos et al. 2009, 16). It is noted that both the above views perceive change as a factor contributing to the organizational development (Andriopoul os et al. 2009, 16). In this context, the comment of change, as part of the organizational life, cannot affect its role in