The paper “ Developing Innovation in Large Organizations” is a dramatic variant of the literature review on management. Every organization desires to achieve quality results. Ways of achieving the results that meet the objectives of an organization continue to be the focus of many leaders in organizations. Technological advancements have led to more innovative ideas that contribute to the overall success of various large companies. An organization with poor innovative ideas gets poor results. On the other hand, good results are achieved through well-established strategies, higher technology, and reward systems of an organization among many other ways.
Today, many chief executive officers of various organizations are in harmony that one top priority of every organization is the ability put forth to develop new ideas and innovative strategies to help in the achievement of objectives of the organization. Organizational competitiveness is achieved through innovation. Innovation has steadily increased because of the continuous emergence of the intense global competition in the business market, the emergence of global competition, and the technological advancements in society. Various people define innovation in different ways. Innovation can be defined as the mechanism that aids in the production of new processes, new products of an organization that is adaptive to the changing markets, competition, and technological advancements (Gorman, 2007).
In simple ways, innovation is the ability to establish new products to satisfy market needs. It is to develop new products through the use of new technology. It may also involve updating the existing products so as to meet market demands. Innovation is associated with newness or changes in an organization. As various organizations become focused on being innovative, the success of organizations has considerably increased.
Many of them put on levels of commitment that are elevating towards the attainment of higher levels of innovation through different technological ways. The main purpose is to meet the changing demands of the market. This paper provides detailed ways through which innovation can be developed in large organizations so as to meet the new rising demands in the business industry.
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