Class notes
CCT112 - Week 5 Notes
- Course
- Institution
- Book
Notes for Week 5 of CCT112
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
More summaries for
-
CCT112 - Week 1 Notes
-
CCT112 - Week 2 Notes
-
CCT112 - Week 3 Notes
Seller
Follow
thekrakenmid
Reviews received
Content preview
Week 5 NotesFebruary 8, 2023 11:10 AM
Chapter 7 - Managing innovation, adaptability and change
The context of innovation and adaptability
Why build an organization?
• Not only efficient and effect, they are adaptable rather than simply flexible
• Recognize new problems, identify political impact of problems, and offer solutions
• They are proactive rather than reactive
Innovations
• Adaptability - organizing to anticipate new problems, trends and opportunities
• Wicked problem
○ A problem that is impossible to solve because each attempt to create a solution changers
the understanding of the problem
Disruptive innovation
What is the disruptive innovation?
• Disruptive innovation
○ Innovation in products, services, or processes that radically change an industries rules of the
game
• Sustaining innovation
○ Small and incremental changes in established products rather than dramatic break throughs
Why is disruptive innovation important?
• Companies that are successful tend to grow
• New ideas for products or services that differ significantly from the status quo are a threat to the
established power structure within large companies
• Disruptive innovations, especially at the beginning, typically apply to emerging or small markets
and project lower profits than a firms mainline products
Implications of disruptive innovation
• For entrepreneurs
○ Major disruptions open the door for new products and services to replace established and
mature businesses
, • For corporate managers
○ For managers in large, successful businesses, the challenge to disruptive innovation is to
create an appropriate response
Implications of disruptive innovations
• For career planning
○ Never get comfortable with a single employer
○ Keep your skills current
○ You are responsible for your future
○ Take risks while your young
Two views of the change process
The calm waters metaphor
• Lewin
○ A break in the organizations equilibrium state
• Unfreezing the status quo
• Changing to a new state
• Refreezing to make the change permanent
White-water rapids metaphors
• The lack of environmental stability and predictability requires that managers and organizations
continually adapt (manage change actively) to survive
Organizational change
Organizational change
• Any alterations of people, structure, or technology of an organization
Change agent
• Someone who acts as a catalyst and assumes the responsibility for managing the change process.
Characteristics of change
• Is constant yet varies in degree and direction
• Produces uncertainty yet is not completely unpredictable
• Creates both threats and opportunities
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller thekrakenmid. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now