This website uses cookies to ensure you have the best experience. Learn more

Innovation And Technology Essay

2063 words - 9 pages

Core Competence
The business world today is characterized by extreme competence. Clients are going for super made goods and services. They want to feel the value for their money. In this regard, the idea of core competence emerged. Fundamentally, core competence refers to an organization’s strengths that make it ahead of other organizations and these strengths make it possible for the company to add value to its end products through innovation (Prajogo & Ahmed, pp.499-515). Through the concept of core competence companies are able to concentrate on what they are best gifted in and outsource what they cannot do. This ensures that the products they produce cannot be copied easily be ...view middle of the document...

Actually, leadership is everything in an organization. This insight shows how important leadership is in all the operations of the organization, which include innovation.
Innovation is highly depended on the will of the leaders in an organization. A leadership structure that does not acknowledge the importance of innovation in its operations will never initiate such activity. Unfortunately, such organizations face immediate extinction, especially in these modern times where globalization is tearing out all barriers that have been in market places and across borders. Innovation is depended on leadership in the sense that leaders make and influence all decisions made in an organization. Decisions on R & D are obviously not small to be made by only one person because they involve a lot of capital whose time of yielding results is not deterministic. It is a big risk. Therefore, leaders are very categorical in this scenario so that they can give support, through their decision, to fund R & D programs (Sampson, pp.364-386).
Leaders play the role of promoting innovation in organizations from two approaches. First, it is a basic obligation for leaders to motivate their employees in all areas. This means that leaders have the obligation to motivate the employees to come up with new ideas on how to better the products and the production processes. This approach seems weak because managers seem to have less control on coming up with new ideals. It is a formula that highly depends on the relationship between employees and their leaders.
However, the second approach presumes that everything flows from the leaders to the employees. The leaders are the bearers of the company’s vision and mission. This is effective in the sense that the leaders have the control on the innovation process. The aspect of leaders bearing the burden of coming up with the ideals makes them invests a lot on innovation. This is even boosted by the fact that their performance is pegged on the level of innovation they bring into the organization. The good thing about this is that the R & D program receives full attention and support (Sampson, pp.364-386).
However, despite the role of leaders in innovation, it is argued that the people in the field are the key determinants of the next innovation idea to be tabled. The clients meet people in the field, not the leaders. The people in the production line have the first hand experience. The experience they have and the challenges they encounter trigger ideas on how better they can do what they are doing. This has been the core source for ideas that revolutionize production processing units. In this regard, the leaders seem not to have a hand in this and hence the argument shifts on the favor of employees. Nevertheless, considering that it is leaders who make things happen in an organization, then their importance cannot be underscored. It is only through leadership that a favorable environment for the ideas flowing from the people in the...

Find Another Essay On Innovation and Technology

China's exchange marketing (case) - ASIA PACIFIC UNIVERSITY OF TECHNOLOGY & INNOVATION - ASSIGNMENT

3751 words - 16 pages Individual Assessment Module name & code: Financial Management | AQ058-3-2-FMGT Lecturer Name: HAFINAZ HASNIYANTI BINTI HASSAN Intake Number: UC2F1704BM Student name: SALAH SALEH ALI AL-ZAHERI TP Number: TP044323 Hand in Date: 2 JUNE 2017 Hand Out Date: 20 JULY 2017 Table of Contents Introduction 2 Critically discussion of stock exchange in china for the past 3 years (2014, 2015 and 2016) 3 China Stock exchange for 2014 3 China Stock exchange

Social Shaping of Technological Systems Essay

1665 words - 7 pages always of a negotiated directive in terms of how issues are raised and also how to be resolved. In case of emerging of technology it is always important to approach relations between technology and society with a focus on factor choices, and socio-technic/socio material of the research approach process. “The social shaping of technology (SST) approach examines the content of technology and processes involved in innovation this includes political

Role of Innovation

1564 words - 6 pages like a new flu drug or mobile phones and efficient ideas which improve the way things happen. Innovation is not just about new technology, it is about new ideas. New ideas can improve all aspects of the ways in which firms work such as service giving, financial management and manufacturing processes. In that sense there are many innovative factors which improve the operation of firms, institutions and society.Innovation controls the productivity

Relationships Between Organizations and Innovations

1219 words - 5 pages display the capabilities of leadership, and the ability to introduce and implement new technology within the organization. (c) How your respective firm/company contributes to South Africa’s innovativeness and competitiveness? As stated by Eskom factor report (2011). Eskom is promoting innovation initiatives through in-house and external activities particularly in research and development. This initiative is aimed at investing in the development of

organization learning

599 words - 3 pages The IBM is the organization has long history in developing and using the technology to increases the performance and business impact of the company (IBM Integration community, 2013). There the main factor that contributes to the IBM Company to have organization learning is because of the innovation culture or cutting edge technology (Hartley, 2013). Innovation can be complex action, this action is creating implementation, executing innovative

design driven innovation

1336 words - 6 pages driven innovation is not isolated from technology innovation, but includes interactions with technology. For example, Verganti(2009), analysing four cases (Wii of Nintendo Corp., Swatch, iPod of Apple Inc. and ST Micro Electronics), revealed that an industrial design feature unveils substantial value of technology innovation, and even in the high technology firm design is a core driver of technological breakthrough. These cases imply not only

Innovation in the media game industry

979 words - 4 pages game play. 9. Hotho, S. & Champion, K.(2010) Managing Innovation in the New Digital Media Industries- Journal of Technology Management & Innovation, 3, 36-50 Sabine Hotho`s article offers a description of the management of innovation, specifically the balance that a company must creeate between exploration and exploitation in the process of creating an innovative product.The methodology of the paper uses the case study method in order to

Adoption and Diffusion

2103 words - 8 pages adopter and the rate of adoption. "The rate of adoption theory states that innovations are diffused over time in a pattern that resembles an s-shaped curve"(Surry and Farquhar, p.4). The adoption of an innovation starts slowly, gains speed, and eventually plateaus. The first stage of the diffusion theory is the knowledge stage. The potential adopter is exposed to the innovation and gains an understanding of how the innovation functions. Technology

Models of Innovation Contribution Towards Innovation Management in Organizations

2174 words - 9 pages involved in the process of idea generation, technology development, manufacturing and marketing of a new (or improved) product or manufacturing process or equipment. (Trott P, 2005 :15)In the organizational context, innovation may be linked to performance and growth through improvements in efficiency, productivity, quality, competitive positioning, market shares, etc. (University of South Africa, 2009)Models of InnovationSince the 1950s, there has

African Union

818 words - 4 pages ). The department of human resources, science and technology strengthens education partnerships, developed and manages human resources, promotes innovation in Africa, and does much more help the AU archive its goal (African Innovation Summit focus on the African Strategy on Science, Technology and Innovation | African Union). "It aims at increasing the level of Africa’s scientific and technical capacity as well as the human skills through training

Rogers' Diffusion and Adoption Research

1676 words - 7 pages Rogers' Diffusion and Adoption Research Why do technology initiatives fail despite their promises and boundless possibilities? From integrating technology in education to introducing technological innovation in agriculture, users acceptance presents a complex set of challenges to innovation diffusion. According to Everett Rogers, one reason why there is so much interest in the diffusion of innovations is because "getting a new

Similar Essays

'intrinsic Motivation: How To Create An Intrinsically Motivating Environment And Stimulate Creativity And Innovation Within Employees Of Technology Sectors.'

7494 words - 30 pages motivation.Our problem is how to create an intrinsically motivating environment and stimulate crea-tivity and innovation within employees of technology sectors, and the usefulness of in-trinsic motivation on employees in organizations seeking to promote and stimulate crea-tivity and innovation. The theoretical section of our paper will focus on previous findings of how intrinsic motivation can be used to stimulate creativity and innovation, and the latter two

Innovation And Technology Management Critical Review Of The Third Wave Digitalization By Ryan Avent Masters Degree Assignment

2484 words - 10 pages B0162SZTSZT0415 1 INNOVATION AND TECHNOLOGY MANAGEMENT Critical review of “THE 3RD WAVE ‘DIGITALIZATION” (BY RYAN AVENT) FEBRUARY 2017 ARASH DASTJERDI B0162SZTSZT0415 2 Executive summary This paper is an attempt to critically evaluate the third wave of industrialization illustrated in the article written by Ryan AVENT. Author argued that the technology and digitalization will take simple job which previously done by humans. however, the scholar

Innovation During A Crisis: Advancement Of Aviation Technology During Wwi Lesson Plan

1084 words - 4 pages Innovation during a Crisis: Advancement of Aviation Technology during WWI Lesson Plan Context: This lesson is designed for students in the fifth to eight grade level. Many of these students will already have an extensive background in aviation and/or aviation history. The lesson plan occurs in an informal class setting at a Museum as one day during a five day summer camp session named Wright Flyer to Right Now. The summer camp spends each

The New Technology, The Most Important Factor In Successful Military Innovation

1118 words - 4 pages Using examples of the development of technology during the interwar period, we will see in this essay, as this technological development has for military innovation in current techniques and tactics and how there day by day increased dependence of the Art of war on technology. To reinforce or strengthen the above, discuss first the development of armament in the branches of the armies in general and then discuss how this technology was included