Understanding Innovation and Change Benefits of change and innovation Change is a necessity and can be considered to be natural progression.
Leadership and personnel change Changes to inter-organization alliances Innovation provides a response to these change triggers. Types of innovation help characterize these responses, suggesting innovation that could provide a more effective response to a specific change environment or trigger.
Of this long list of change triggers, only decisions come fully under control of the firm.
Innovation processes typically include external and internal scanning to provide early identification of change triggers, moving company responses into the strategic decision and innovation funnel. Manage decision making to reduce resistance Resistance and challenges to change develop in response to factors that increase emotions in decision making.
Self-Interest and fear of personal loss Lack of trust and understanding, particularly with regard to intentions and purpose Uncertainty and lack of information that makes it difficult to project likely future events Different goals and assessments by people who will be impacted by a change Decisions need to be made at every level to support desired change.
This implies that people with different decision making styles must get the information, communication and motivation needed to decide to align and respond positively.
Managing change and innovation should also address questions important to business sustainability and growth. How much will innovation cost?
How will it be measured? What is the return on innovation? Is the cost of failure predictable and acceptable? How many of the decisions fundamental to the current business model will need to change?
What are the likely consequences of a failure to change? In high uncertainty, the learning investment needed to address these questions becomes difficult to predict, and managing change will need to focus on learning that verifies potential.
Stage gates, when used as learning milestones can help manage the learning investment. Are gated processes still relevant? When used appropriately, gated processes can provide an effective framework for managing change and innovation.
However, gate review boards must represent true decision making bodies. For innovation, they must encourage accelerated, validated learning that reduces uncertainty with minimum investment. Decisions completed at each gate should inherently support the change process needed for the organization to encourage the success of an innovation.
Consider the following innovation gate decisions: Idea identification - Ideas are evaluated for further resourcing.
Criteria will often demonstrate the ability to be accommodated in the current business model, although spinoffs may be supported.
Balance must be developed that will promote promising ideas while preventing being overwhelmed by evaluation of too many ideas. Concept validation - The concept is developed enough to determine the investment needed to validate key elements of viability such as value proposition, competitive advantage, and likely returns.
Demonstration development plan - A plan is developed to provide a proof of concept demonstration to customers. For startups, this could be a product that might be used with non-paying customers.
This plan will seek to minimize investment needed to validate key hypotheses with targeted customers.May 29, · Understand What You Want to Change Running an innovation campaign implies that you want something to change.
But if you don’t know exactly what . Understanding innovation and change in an organisation. Level: 3. Credit value: 2.
Unit guided learning hours. 9. Learning outcomes (the learner will) Assessment criteria (the learner can) Understand innovation and change in an organisation. Explain the benefits of innovation and change for the organisation.
Jun 26, · If you want to understand how to make a culture of innovation and change, this keynote contains important lessons that will help you better understand how to . Managing change and innovation - Getting the most from the innovation funnel As complexity increases, managing change and innovation becomes increasingly difficult.
Despite (or because of) easy availability of information, the ability to project future outcomes has moved from an environment of manageable risk to rising degrees of uncertainty.
Sep 17, · Understanding Innovation And Change In An Organisation Essay Sample. To develop knowledge and understanding of innovation and change as required by a practising or potential first line manager.
In order to manage change a manager needs to . Jun 19, · Understanding Innovation and Change Understanding Innovation and Change.
Benefits of change and innovation. Change is a necessity and can be considered to be natural progression. Staff and students need to understand why we are making the change, and what the benefits are going to be. At the same time we need to accept that.