Creative and Innovative Management Processes in an Organization - Assignment Example

Creative and Innovative Name Professor Date Assignment 1: Task 1 1.1 Creative and innovative management processes in an organization The intense global competition, the emergence of knowledge economy as well as considerable technological advancements has made innovation to be a central point of competiveness (Lawson & Samson 2001). Most organizations take on the handy model of innovation suggested by Luecke and Katz 2003, the model highlights two major stages and this includes invention as well as exploitation. The invention stages encompasses aspects such as the idea generation, idea evaluation and opportunity recognition, the other stages which encompasses development in addition to commercialization are grouped under the exploitation concept. This is clearly shown the diagram below A good example of creative and innovative management process is that of Jack Cohen the founder of Tesco. He started his business in a stall and after some period the idea of merging with other businesses cropped up. This led to a very good opportunity which he utilized and became a partner of the TE Stockwell and he later launched his business and called it Tesco. He also foresaw an opportunity to expand his business and thus purchased a parcel of land and stores and implemented his ideas when new opportunities arose. 1.2 How to lead others to positively embrace innovation and change To be successful when it comes to leading others in positively embracing innovation and change, there are various practices that one need to emphasize on to ensure that those working under them adapt to change in the most effective manner. Leaders therefore ought to make sure that the innovation champions in the organization have adequate information when it comes to various types of change and innovation that are being used by other organization all over the globe. This will enable them to e in the frontline when it comes to innovation change. It can also be noted that a great number of organization managers are risk averse and this usually makes it difficult for them to adopt any change in the most effective manner. Additionally, a great number of the middle level managers are usually busy during their allocated tasks and this plays a vital role in limiting the manager’s ability to implement any incoming change. Thus leaders in organization need to ensure that they reduce the risks associated with change and this will enable the mangers working under them to become innovative. Therefore, leaders need to ensure that they set up incentives for the managers to ensure that they make use of innovative attitudes. By doing so the organization stands a better and ready opportunity which is usually associated with innovation (Oswald 2011). Task 2 2.1 Influence of vision and mission on generation of creative and innovative management processes in an organization Vision and mission statements of organization plays a crucial role when it comes to the generation of creative as well as innovative management processes in organizations. Therefore leaders in organizations need to establish organizations with a clear set of objectives. Therefore, organizations should always define their mission and vision in the most effective manner thus ensuring that it meets their reasons for their existence. As a matter of fact, the visions and missions act as the catalyst by enabling organizations to adapt to innovation and change in their respective industry (Oswald 2011). The different types of innovation take a considerable amount of time before they generate revenue for the company. Therefore, the organizations need to ensure that they focus on creating a good reputation with the aim of acquiring a large customer base. Leaders in organizations need to come up with a way in which the mission, vision and strategies can be communicated to other in the organizations with great reference being made to the long-term goals of a company. Therefore, the strategies, mission and vision play a crucial role in enabling the manager to build an effective relationship with their employees and thus they cat as a motivation factor for the employees. Therefore, leaders in organizations need to monitor their vision and mission so as to determine if they align with the innovative strategies of the organization. 2.2 Use analytical tools to identify potential creative and innovative management ideas There exist a number of factors that are mainly involved in organization and which also makes organizations innovative this includes factors such as team working, training and development, shared vision, creative climate, organizational culture as well as leadership. The shared vision and leadership play a vital role when it comes to the creation of future images of companies. Therefore employees should be focused on learning about the future goals and being highly committed to the organizations that they are working in. in response, the organizations should also created environments in search for new kind of innovations. In relation to the organizational culture is also effective since the employees are allotted with the activities they are well suited for in achieving the organizational goals (Markus 2011). Additional training and development also needs to be used to ensure that the employees learns and work effectively. Therefore, a SWOT analysis can be used in explaining the current stage of a company as well as its future requirements. Below is an example of the SWOT analysis of P & G Strengths Weaknesses Numerous brands Great global presence Sponsors events Strong revenue base Large employee base Loss of market share Greta focus on women products Lack of private label products for the retail customers Stiff competition from some domestic players and other international brands Opportunities Threats Tap the rural market and increase their penetration in the urban centers Exploit the opportunity and make products for men Exponential growth of the middle class in countries such as India and China Being eco friendly Intense competition Great number of substitutes Private label growth 2.3 Risks and benefits of creative and innovative management ideas Creative and innovative management ideas have two outcomes and this includes a risks or a benefit. In relation to the risks, companies constrain their resources which may even make it impossible to conduct their operations in the most effective manner. Another risk relates to time, the time when an organization plans to implement the change may not be appropriate since it may be late and this if implemented there may be no impact on the consumers (Oswald 2011). The other risk relates to the employees in that they may fear failure thus they may opt to refrain from adopting innovation that the organization aims at implementing. In addition to the risks, there are also benefits which are as a result of the creative and innovative management ideas. A major benefit is that the management team in an organization can set up the right teams for them to understand various duties in the organization. Through this the organization increases their productivity as well as their competiveness. This is based in the fact that the organizations invest on creativity and innovation improves the production processes thus it enables organizations to be efficient and productive (Markus 2011). References Lawson, B & Samson, D 2001, ‘Developing innovation capability’, International journal of innovation management, vol. 3, pp. 377-400. Luecke, R & Katz, R 2003, Managing Creativity and Innovation, Boston, Harvard Business School Press. Markus, S 2011, Excellence in Innovation Management: a meta-analytic review on the predictors of innovation performance, Gabler Verlag, Germany. Oswald, M 2011, Business Transformation Strategies, Sage Publication, Thousand Oaks. Assignment 2: Task 1 3.1 Appropriate rationale to persuade stakeholders of an organization of the benefits of a creative and innovative management idea Managers in organizations needs to demonstrate to the stakeholders that the creative and innovative management ideas will play a role in tackling the various challenges in the organization and enable the organization be resourceful and make use of creative solutions (Caircross 2001). This can be best done by ensuring that people in senior management positions disseminate knowledge to the employees and this will offer them with an avenue for development of new and effective production mechanisms. In instances when organization takes up innovative activities, managers take the responsibility for the innovation and related changes. In this manner, they identify the significant areas that need to be changed. By investing in change they demonstrate their commitment to change. By making a decision to invest in new and upcoming innovation and technology, organization comes up with new and advanced ways and invests in technology and mostly in their major areas of specialization. This enables them overcome challenges they may face as employee resists change. Organization comes up with new techniques and methods of operations. This allows the employees to understand that change and as a result they end up welcoming the change and being part of it (Jones 2002). Task 2 4.1: Barriers to the implementation of a creative and innovative management idea in an organization There are a number of barriers that organizations face in implementation of creative and innovative management. One such barrier relates to the unpreparedness of the employees. Employees are mainly used to certain ways of operation thus in case of change the employees may find it difficult to cope. Thus the productivity may be affected and they may even be outdone by their close competitors (Ashkenas et al. 2002). Another barrier relate to the lack of financial resources required in the implementation of the creative and innovative management ideas. Additionally, though change may be necessary but the organization as a whole may not be ready. The process may also experience barriers as the shareholders may not be convinced about the innovation and thus they may totally reject the idea. 4.2: Strategy to overcome identified barriers to the implementation of a creative and innovative management idea in an organization Despite the above stated barriers, organization need to come up with strategies to enable them overcome the barriers and therefore ensure the effective implementation of the creative and innovative management idea (Markus 2011). Therefore a major strategy should entail a study of the business environment of the company. Through this essential information will be collected on the form of creative and innovative ideas fir for the company to ensure it success. In regard to the unpreparedness of the employees, employees ought to be offered with adequate training of the needed change (Oswald 2011). In relation to the lack of finances, organization needs to devise means of gathering sufficient funds to enable them in implementing change. These funds can be sourced from the profits and capital investments. References Ashkenas, R., Ulrich, D., Jick, T & Kerr, S 2002, The boundaryless Organization, Jossey-bass, New Jersey. Caircross, F 2001, The Death of Distance, Harvard Business School Press, Brighton. Jones, T 2002, Innovating at the edge: How Organizations Evolve and Embed Innovation Capability, Routledge, United Kingdom. Markus, S 2011, Excellence in Innovation Management: a meta-analytic review on the predictors of innovation performance, Gabler Verlag, Germany. Oswald, M 2011, Business Transformation Strategies, Sage Publication, Thousand Oaks. Read More