How To Create Innovation And Higher Profits In .panies -瀬名アスカ

Arts-and-Entertainment Organizational innovation allows companies to master their environment instead of becoming casualties of time. Innovation is a chaotic activity that manifests itself in the final culmination of new market approaches. It is precisely these market approaches and products or services generated from these approaches that create higher levels of profit margins and shareholder wealth. Innovation can be measured, improved through people management, and managed chaos to create new ways to develop market presence. Measurements of Innovation: Innovation is commonly measured through product/service development, process, structure, and culture (Li-Min, 2005). The ultimate end result of all organizational activities should result in a better product or service for end users. These end products cannot be generated without a proper structure that encourages communication, processes that result in concentrated activity, and a culture of openness and risk taking. Me-conomics Innovative Efficiency Theory postulates that innovation and efficiency work together to create greater organizational success that can be defined in developmental and financial results. When organizations have 1.) commitment to organizational goals, 2.) work assignments that allow for freedom of thought and creativity, and 3.) a compensation system that encourages new ideas they are more likely to create innovation. This leads to higher levels of organizational efficiencies. It is this innovation and efficiency that can realize higher profits through growth and a stronger customer base. Innovation Exists in the Realm of Managing People: Innovation can be enhanced with company structure, reward based compensation programs, research and development budgets but ultimately relies on the human attributes embedded in human resource management approaches. A military study confirmed that the use of better staffing, training, participation, performance appraisal and reward systems created significantly higher innovation within the unit (Sadeghi & Mohtashami, 2011). It was these human resource practices that influenced behavior and actions that led to higher levels of innovation and ultimately better products. Risk Tolerance and Managed Chaos: Innovative behavior is chaotic as employees seek to find new meaning to multitudes of data before solving large issues. A study of the biggest companies helps to highlight that certain common themes such as work teams, openness to conflicting agendas, and not precisely defining projects until they have developed to a point where they define themselves are important for the development of innovation (Quinn, 1985). Such chaos can be managed with open understanding by administrators and with an open structure that allows for latitude in individual judgment and task pursuit. As you seek to foster innovation within your workplace there are three major principles that will help you: Measurement of Innovation: The use of new products/services, open communication lines, freedom of thought, and progressive compensation designed for motivation. People as Innovators: Ensure that human resource functions recruit, develop, train, and encourage personal development. Risk Tolerance and Chaos: Have an open perspective on manageable levels of chaos and openness to try new concepts. Abel, M. (2011). Me-conomics Theory. ..magdailyblog../ Li-Min, C. (2005). An Empirical Study of the Construction of Measuring Model for .anizational Innovation in Taiwanese High-tech Enterprises. Journal of American Academy of Business, Cambridge, 6 (1). Sadeghi, Z & Mohtashami, R. (2011). Relationship of strategic human resource practices and .anizational innovation in one of the military centers. Journal of Military Medicine, 13 (2). Quin, J. (1985). Managing innovation: controlled chaos. Harvard Business Review, 63 (3). About the Author: 相关的主题文章:

« »

Comments closed.