Assignment 2 – Understanding Innovation and Change in an Organisation AC1.1 Explain the benefits of innovation and change for the organisation Change and Innovation are as equally important in creating and sustaining the growth of a business through organisational development. If planned and implemented well both could lead to a total change not just for the profit success of the organisation but can also have a positive impact on employee engagement. Innovation in the workplace fostered by teamwork and employee involvement in decision-making and reengineering business processes can boost morale and award incentives such as bonus payments. The purpose of organisational development is to enable an organization to better respond and adapt to industry/market changes and technological advances. The absence of both innovation and change in an organisations development can be the difference between being a leader in their field of business, failure to keep up with competitors, create stagnation or cause decline in their existing success.
In today’s market climate, companies have had to increase their consciousness as to what really matters. The market is demanding more and more that organizations account for the interests of not just shareholders but all stakeholders. Team members, shareholders, customers, vendors, the environment and society’s interests must be in the forefront of consideration of all companies wishing to stay relevant in today’s market and workforce environment. This in more than just the right thing to do, it is an operational imperative that offers significant ROI to a business’ bottom-line. Companies must view themselves as part of an ecosystem; one entity in an interdependent interconnected environment.
1. Introduction “Demand for organizational innovation and technological advantage are increasingly crucial components of competitive strategy for many firms” (Buffa, 1984; Butler, 1988; Miller 1989). Dyson encompasses these components within its business, using innovative strategies and technology to gain a better technological advantage. This report will seek to determine Dyson's competitive advantage and how this helps them maintain their position as the market leader in innovative products. 2.
Week1 Topic 1 To survive in a highly competitive environment, a business organization must adapt and change (evolve). Successful organizations seek continuous improvement in how they create and deliver products and services. This can include changing existing processes or inventing new processes. Such process changes are made utilizing a myriad of different methodologies including (but not limited to) CIMM, TQM, Six Sigma, Balanced Scorecard and
Companies must be much more aware of the external environment due to the advancements in technologies (Daft, 2013). Daft explains that the “organizational environment” is anything that has a potential to affect the company in a positive or negative way (Daft, 2013). Consumers are also
Strategic Plan: Part II Anonymous BUS/475 February 23, 2000 n.a. Strategic Plan: Phase II Several trends and forces, both external and internal factors can lead businesses on different pathways. Trends and forces are necessities that must be analyzed by organization and fostered as a tool to increase revenue. Organizations that respond and react to changes and modify their strategic plan when necessary will remain superior in the industry and competition. In order for a business to thrive in today’s shifting business environment, the administration of that particular organization must have the capability to respond to changes in the trends and forces in the business setting.
Week1 Topic 1 | To survive in a highly competitive environment, a business organization must adapt and change (evolve). Successful organizations seek continuous improvement in how they create and deliver products and services. This can include changing existing processes or inventing new processes. Such process changes are made utilizing a myriad of different methodologies including (but not limited to) CIMM, TQM, Six Sigma, Balanced Scorecard and
BUSINESS ARCHITECTURE PROPOSAL Katrice Farrar Capella University Prof. Scott Morrisette Executive Summary Business architecture forms a foundational and practical concept for an enterprise and its transformations. It is an important approach to show how a business operates, and how the alignment between the business performance targets and the operational priorities and captures vital resources such as the development of technology. Business architecture also incorporates different concepts and is characterized by fast technological changes and innovation. However, its scope depends on the purpose of the adoption, the scope of usage, and the overall maturity of the specific concepts. A proper design bridges the gap between the enterprise business models on one view and business functionally on the other function.
Sainsbury and TESCO Operations Management Analysis In this contemporary world organisations are trying to rely on modern forms of operations management techniques to enhance the productivity and effectiveness. Operations management in modern world plays very important role in organisational success because it is the backbone of every organisation. Operations Management deals with the plan and supervision of products, procedures, services and supply chains. It thinks the gaining, growth, and use of resources that firms require to bring the goods and services their customers want. The review of OM ranges from planned to strategic and functioning levels.
The impact of changing technology on both employers and employees is considered. Employment patterns and the expertise required of staff are changing. Flexibility in the face of new information technologies will be essential if organisations and individuals are to survive and flourish in the business world. The introduction or enhancement of technologies will always carry some risk and learners will consider the types of risk and how organisations can manage these. Finally, learners will consider how organisational business systems may be improved by the introduction of new technologies and