Effective Management, Innovation And Change Flashcards
What is innovation management?
Innovation occurs when that invention is developed and commercialised for a market. It is the act of conveying new ideas into useable applications that ideally have positive economic or social consequences.
What is effective management?
Effective management is the fundamental practices common to effective organisations: leadership practices, people management practices, customer focus practices, quality and process managements practices.
What are the types of innovation?
Incremental innovations
Radical innovations
Product innovation
Process (technology) innovation
What are the roles in the innovation process?
- Inventor: develops technical aspects of idea but does not know how to win support or turn it into business
- Idea champion: believe in the idea, obtains financial and political support
- Sponsor high level manager who approves and protects idea and removes organisational barriers
- Critic: provides reality test against rigorous business criteria.
What is the process of product innovation?
Idea creation
Initial experimentation
Feasibility determination
Final application
What are the steps in organisational development? Known as Lewins model of change
Unfreezing- the diagnosis stage where people become aware of the problems and become willing to change
Changing- intervention stage in which individuals experiment with new workplace behaviour/skills
Re-freezing- the reinforcement stage in which individuals acquire a desired new skill or attitude and are rewarded for it by the organisation
What are some advantages and disadvantages of being a first mover?
Advantages include: brand loyalty and technological leadership, define the rules of the game, first choice of market segments and positions.
Disadvantages include: research and development expenses, underdeveloped supply and distribution channels, uncertainty of customer requirements.
What is organisation development?
Organisational development is a planned systematic process of change that uses behavioural science techniques to improve an organisations health and effectiveness through: ability to cope with environmental changes, improvement of internal relationships, increased problem solving capacities. It is useful for mergers and acquisitions, organisational decline and revitalisation and conflict management .
