...M5.05 Leading innovation and change 1. Explain the importance of innovation for own organisation 1. Explain the importance of innovation for own organization I work in an authority responsible to implement the EU legislation in our country. One of the aims of the organization is to draft policies and to attend meetings concerning the EU policies. EU regulations are directly applicable to each Member State, while directives need to be transposed by the responsible officials. Before any decisions are taken consultations are carried out with the industry, the general public and any interested stakeholders. When a legal tool is in place there is always a transition in which the regulation is implemented hence the industry and the public will have ample time to the new regulations. During this time awareness and publicity is necessary so that we reach as many concerned people as possible. Innovation is important within my organization since there is the need to find new ways to increase publicity of the organization and at the same time we need to educate the public. We are not very reactive to the outside environment hence we need to become more innovative and inherently more adaptable to the external environment. This will allow us to be proactive and more effectively to capture opportunities. Innovation within my organization is needed, mainly in the following aspects: • Service innovation – where new and better service offerings to customers should...
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...from. Here I am taking example of my own mother. She is a doctor so she handles her hospital work and daily routine activities of my house. I have divided the activities performed by my mother on daily routine basis (weekdays) and tried to put them into management functionalities comprises planning, organizing, staffing, leading /directing, and controlling our organization (in this case my house). All this is done by resourcing, encompasses the deployment and manipulation of human resources, financial resources, technological resources, and natural resources. |My Mother “The Best Manager” | |Time |Activity |Functionality |Learning | |0500-0530 Hrs |Waking up on time despite of |Planning |Time management | | |working late last night |Organising |Organisational commitment | | | |Leading |Consistency | | | | |Work dedication | | | | |Work motivation ...
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...Gary Hamel shows you how to win in a world of relentless change, ferocious competition, and unstoppable innovation. Learn more and read an exclusive excerpt at the MIX The Wall Street Journal recently ranked Gary Hamel as the world’s most influential business thinker, and Fortune magazine has called him “the world’s leading expert on business strategy.” Hamel’s landmark books, which have been translated into more than 20 languages, include Competing for the Future, Leading the Revolution and The Future of Management (selected by Amazon.com as the best business book of the year). His latest book, What Matters Now, was published in 2012. Over the past twenty years, Hamel has authored 17 articles for the Harvard Business Review and is the most reprinted author in the Review’s history. He has also written for the Wall Street Journal, Fortune, The Financial Times and many other leading publications around the world. He writes an occasional blog for the Wall Street Journal. Since 1983, Hamel has been on the faculty of the London Business School, where he is currently Visiting Professor of Strategic and International Management. As a consultant and management educator, Hamel has worked for companies as diverse as General Electric, Time Warner, Nestle, Shell, Best Buy, Procter & Gamble, 3M, IBM, and Microsoft. His pioneering concepts such as “strategic intent,” “core competence,” “industry revolution,” and “management innovation” have changed the practice of management in companies...
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...Internal and External Factors Eric Holder Management of Information Systems/205 March 1, 2015 Introduction External and internal factors such as globalization, technology, innovation, diversity, and ethics can significantly impact the four functions of management. Functions such as planning, organizing, leading, and controlling can be influenced by these different internal and external factors since organizations need to ensure that they are addressed appropriately for business success. The organization we will be covering is Google and how internal and external facts play key roles in the corporation. Globalization Globalization is the process that increased the link and interdependence of the world markets and businesses. Internal factors of globalization include production, development, customer service and marketing. Competition is an external factor. According to Bateman and Snell, “Companies that want to grow often need to tap international markets, where incomes are rising, and demand is increasing” (2011). Google has become a global organization and has learned to plan efficiently, organize, lead, and control their internal and external factors. With that said, the planning function is vital when entering into the worldwide market. For instance, Google was able to set and achieve their mission statement by anticipating future trends and threats and devising plans to counter or capitalize these factors. Without appropriate planning, entering into...
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...plan for the next ten years. This plan will outline the specific path that ultimately leads to being the Chief Executive Officer. Each step along the way will be outlined with its specific rationale and timeline for completion. As you go through this plan you will see how my current strength in cross-functional leadership, as well as others, will be exercised and how my current weakness in finance, and other areas, will be addressed. Plan at a Glance 1. 2. 3. 4. Personal Assessments Areas of Strength Areas of Improvement Career Development Plan a. Master of Business Administration b. On the Job Training c. Human Resources d. Board Membership e. Master of Science in Accounting f. Succession g. Necessary Changes 5. Appendix A: Assessment Table Leading Innovation and Change ......................................................................... February 10, 2014 Growth is a Must Personal Assessments During this process I have learn a lot about myself; about my strengths, and about my weaknesses. I have also realized that the job experience I gained through the past 10 years has contributed greatly to my growth and...
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...(Intel Corporation, 2005). Being that Intel needs to keep up with the constant change of microprocessors, motherboards, and other computer and communication products, they need to have a management team that adapts to this fast-paced environment. For Intel Corporation, the three factors that influence management most in the company is the rapid change of the industry Intel is part of, the technology that is always being updated, as well as the innovation that needs imagined. Rapid Change In 1965, Gordon Moore, cofounder of Intel Corp. made the observation that processing power would double every 18 months. This is now called Moore’s law, and the implications of it are that Intel has to plan, organize, lead, and control rapid change at least every 18 months, or otherwise they will be left in the dust of their competitors. A look on Intel’s web page will show that Intel is not sitting idle. Intel has several plans for the future that not only includes new processors, but chips for wireless technology, higher security technology, and several others. A check of Intel’s on line job search indicated that there are no less than 20 openings in the Untied States for research and development engineering positions. This indicates that Intel is currently in the process organizing the resources required to meet the challenging plans. Intel’s internal philosophies govern the leadership and control for rapid change. According to Intel values, customer...
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...attractive, which could lead the company’s failure down the road. Also, it explained that company with high-end profitable products could be easily disruptive by new cheaper innovations. As Christensen said, Innovator’s Solution will help and train managers to avoid the causes of failure and to make decisions to lead successful growth of the company, especially with the new growth in business. The following section of the book is to understanding on how to beat our most powerful competitors. At first, the authors explained “The Disruptive Innovation Model,” which is established in Innovator’s Dilemma. The model outlined three important elements. 1) A rate of improvement that customers can fully use or absorb. 2) A rate of improvement that goes beyond what customers can fully use or absorb. 3) A distinction between sustaining and disruptive innovation. The model explained that the new competitors are more likely to beat the leaders in the terms of disruptive innovations. When new competitors developed and commercialize a simpler product that would offer cheaper alternative option to the leading products, they could appeal to new customers, and, eventually, steal the huge chuck of the market share from leading companies with similar, but more complex and higher cost, products. The only way for the leading powerful companies to...
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...Messaging to Prepare for Future Challenges XXXXXXXX XXXXXXX MBA6006 – Leading Innovation in The Global Organization Allan Pevoto June 10, 2012 Table of Contents Page Introduction 3 Compare and Contrast 3 Effectiveness of Internal and External Messaging 4 Leaders Use of Messaging 4 Conclusion 5 References 6 Introduction This paper will touch on the many ways HCL Technologies uses messaging while fostering innovation and creativity. Nayar has taken on a different approach in the ways of leading the organization and allowing more internal input from others all while slowly being an authoritative figure himself by sharing the responsibilities. He delivers meaningful messages to the employees in new inventive ways that has the business world turned upside down. Compare and Contrast HCL Technologies recognized what areas in the business they lacked in and where they had an immediate need for improvement. Hence the reason why they allowed Axon to come in and “took charge of running many other parts of HCLT businesses”, (2010, p. 25). Nayar knew how beneficial it was to allow Axon to help fine tune HCLT’s weak points and align them to the point where Axon already had reached. Nayar knew that Axon has a stronger consulting background...
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...policies, plans, and procedures; that company is one step ahead of their competitors. In business, companies have to be a step ahead of the competition. Four management functions used to handle any situation: planning, organizing, leading, and controlling. Many factors impact these four functions of management and require careful consideration when planning committees are working out the details of their plans for the company Apple has an extraordinary excellence as the only computer business company to exist from the early days in the industry and is still challenging the competition in today's economy. In this paper, the Apple Corporation, Inc. will be discussed and how external and internal factors affect the four functions of management. Globalization, technology, innovation, diversity, and ethics within the Apple, Corporation, Inc. will be discussed in the following paragraphs. External and Internal Factors Planning is such an important aspect of management. Planning is the base upon which areas of management should be built. Many issues come up within a company and a good plan must be in place to deal with arising issues. One internal factor that can affect the plan of a company is conflict between employees. External factors that can change the plans are consumers. When thinking about external factors such as the consumer, Apple Corporation, Inc. needs to ask, "What do our customers want?" Conscientiously figuring out what the customers want will help...
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...Internal and external affects the four functions of management Sherron Morrison, Jose Garcia, Melton Horne, James Gatson, Marisa Doporto MGT/230 April 30, 2014 Professor Mario Madrid Internal and external affects the four functions of management Introduction How does the human body operate? That is a complex question, because the human body responds differently due to internal and external factors. These same rules apply to management. The factors that affect management are planning, organizing, leading, and controlling. There are many moving parts and all of these pieces must work cohesively together for an organization, or body to exist. Management ensures that each branch is functioning properly or making the necessary changes to increase productivity. Throughout history, many organizations had to adapt to these internal and external factors due to globalization, technology, innovations, diversity, and ethics. An idea starts as a seed and that seed grows into a tree. Just as a tree, the idea branches out as it ages. The same theory applies when it comes to globalization. One would hope that his or her idea would multiply and flourish. To do so, one must properly plan for the proposed growth that they hope to attain. This feat requires organization of the internal resources to ensure stabilization of future growth. Just as the tree grows taller, it also grows wider to support the addition weight. The internal leadership must oversee and forecast the addition...
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...Study Plan Master of Arts and Post Graduate Diploma in Leadership Innovation & Change By * Table of Contents 1. Introduction 4 1.1. General 4 1.2. Overall Objectives 4 2. Methodology 4 3. Proposed Study Plan 5 3.1 MALIC Time Table 5 3.2. Proposed Study Plan 6 4. Planned Contingency Options for Unexpected Events 8 5. Summary and Conclusions 9 6. Bibliography 10 * 1. | | | | | | | Introduction 1.1. General 2. 3. * 4. To enable successful completion of the Master of Arts and Post Graduate Diploma in Leadership Innovation & Change (MALIC) programme it is important that each student fully understands what is required, in terms of time and effort to be successful. This allows each individual to allocate time to balance study with existing commitments. 1.2. Overall Objectives My overall goal is to complete MALIC in 15 months graduating in Summer 2014. The aim of this timeframe is to continue the development of my Business with additional accreditation, knowledge and experience to drive transformation in Business through the adoption of Collaboration and Information Technology. The objective of this plan is to provide a tool by which my supervisor and I can track my progress and make the necessary contingencies and adjustments when required as unexpected events occur during my time of study. Methodology 1. Reviewed MALIC Handbook (College, 2012)...
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...Conflicts leads to innovations this is a repetitive cycle. From conflicts throughout history there are changes being made which can lead to conflicts and this cycle is repeated. An example of the this cycle is the American Revolutionary War and World War 1. The American Revolutionary War was known to be the start of America gaining their independence which was a change in the country but as starting country many conflicts arising. During the American Revolutionary War the disagreement between America and Great Britain, For the colonists wanted their independence from Great Britain. The British did not agree with the innovation the colonists thought was solution. Leading them to war. The war lead many to die not from combat but rather from...
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...management; planning, organizing, leading, and controlling can be made or broken depending on the way in which they are ran. Although there are many concepts that can lead to these functions working or falling apart, there are some of the most important; globalization, technology, innovation, diversity, and ethics. Each other these has had a hand in leading the four functions from where they used to be to where they are now. Planning is an important step when it comes to being an effect manager. Globalization is when a company is operating worldwide, planning becomes very important when a company reaches this stage of success. If planning was nonexistent in a company that had achieved globalization, the company would not last much longer. Being able to even reach globalization without effective planning would be extremely difficult. Technology is used effectively with planning when a company is able to communicate the direction they are going in, or any information that they see fit across the internet. Technology has also helped with planning when it comes to smart phones, palm pilots, and other types of digital planners. Innovation helps the planning function by constantly updating the way in which to communicate and save data. The amount that you can save and the privacy that can be enhanced all helps planning in a business setting. Diversity is something that impacts planning by making sure that a concept has the ability to change and be used in a different way at...
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...Internal and External Paper Internal and External Paper The four types of management which are planning, organizing, leading, and controlling all have effect on organizational success by each contributing a specific value needed to complete company goals. Planning is used to determine what steps are necessary in taking to meet company goals. Organization is getting a team together and assigning specific task to each individual to complete. Leading is a task performed by a manager who is a high performer who motivates and responds to employees on a professional level. Controlling is a way the manager can monitor and keep track of all performance levels and make changes as needed. All four functions of management are the key concepts to successful management. The five internal and external factors that have a great effect in the decision making process are as follows; globalization, technology, innovation, diversity, and ethics. The competition of business is always changing and managers must change the way they do business with people around the world. In this paper we will discuss the organization of Apple and how it uses strategic planning and organizational tools successfully to manage and market technology. We will discuss using examples of the five internal and external factors, and how they affect the functions of management in the organization of Apple. Globalization is the process of enabling financial and investment markets to operate worldwide. Some main factors...
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...Aligning Employees Leading Strategic Change Robert S. Kaplan Marvin Bower Professor of Leadership Development, Emeritus Copyright © President & Fellows of Harvard College Align employees to the strategy: Four HR processes 1. Create Strategic Awareness Communicate Communicate Communicate 2. Align Personal Goals Personal Scorecard Make Strategy Everyone’s Job 3. Provide Necessary Skills Strategic Job Families Strategic Readiness 4. Align Personal Incentives Variable pay Team based You need a formal process to improve workforce readiness. Strategy should be linked to existing HR programs for performance management. How do we align employees to the strategy? 1. Create Strategic Awareness Communicate Communicate Communicate 2. Align Personal Goals Personal Scorecard Make Strategy Everyone’s Job 3. Provide Necessary Skills Strategic Job Families Strategic Readiness 4. Align Personal Incentives Variable pay Team based Communicate “seven times seven different ways” to make strategy everyone’s job Personal relevance brings the strategy to life Sustained communication uses different channels to get the message across • Leadership meetings • CEO random visits to employees • Dear Colleague Quarterly Letter in Mellon News • Learning lunches & informal discussions • Intranet • Working groups facilitated by HR • Staff briefings Source: Presented by Jack Klinck, Vice Chairman, Mellon Europe at BSCol European...
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