Shermerhorn Chapter 9 - Innovation and Organizational Change Flashcards
Components of Strategic leadership
- anticipate, envision, maintain flexibility
- think strategically
- Works with others to initiate change
What does competitive advantage rely on
creativity
innovation
Creativity
generation of a novel idea or unique approach to solving problems
Innovation
process of creating new ideas and putting them into practice
Three forms of innovation
- product
- process
- business model innovation
Sustainable innovation
creation of new products/processes that have lower environmental impacts than the available alternatives
Green innovation
process of turning ideas into innovations that reduce the carbon footprint of an organization or its products
Social Business innovation
uses micro-credit lending to help create small enterprises and fight poverty
Social Entrepreneurship
pursues creative and innovative ways to solve social problems
5 steps of innovation process
- imagining
- designing
- experimenting
- assessing
- scaling
commercializing innovation
process of turning new ideas into products or processes that increase profits through sales or cost reductions
4 steps of product innovation
- idea creation
- initial experimentation
- feasibility determination
- final application
disruptive innovation
displaces prior practices and competitors
Innovative organizations should:
- Emphasize entrepreneurial spirit
- Expect innovation
- accept failure
- be willing to take risks
Innovative structure should: (3)
- be organic
- have lateral communication
- use cross-functional team
innovative management should: (5)
- understand innovation process
- be tolerant of criticism
- keep goals clear
- maintain pressure to succeed
- break down barriers to innovation
Good staff for innovative companies? (5)
- idea generators,
- Information gatekeepers
- product champions
- project managers
- innovative leaders
Change Leader
takes leadership responsibility for changing the existing pattern of behaviour
Change leadership: (3)
- forward looking
- proactive
- Embraces new ideas
Top-Down Change (3)
- strategic and comprehensive change
- driven by top managers
- success depends on middle and lower workers