Supporting a culture of innovation

Assignment Help Finance Basics
Reference no: EM13789003

In Innovation as Usual: How to Help Your People Bring Great Ideas to Life (2013), Miller and Wedell-Wedellsborg discuss the importance of establishing systems within organizations that promote not only the creativity that results in innovation, but also make it possible for employees to bring innovative ideas to fruition. Miller and Wedell-Wedellsborg argue that a leader's primary job "is not to innovate; it is to become an innovation architect, creating a work environment that helps . . . people engage in the key innovation behaviors as part of their daily work" (p. 4). Such a work environment must be reinforced by innovation architecture-the structures within an organization that support an innovation, from the brainstorming phase to final realization. The more well developed the architecture and the simpler the processes involved, the more likely employees are to be innovators.

For this assignment, you will research the innovation architecture of at least three companies that are well-known for successfully supporting a culture of innovation. Write a 1,500-word paper that addresses the following:

  1.  What particular elements of each organization's culture, processes, and management systems and styles work well to support innovation?
  2. Why do you think these organizations have been able to capitalize on innovation and intrapreneurship while others have not?
  3. Based on what you have learned, what processes and systems might actually stifle innovation and intrapreneurship?
  4. Imagine yourself as an innovation architect. What structures or processes would you put in place to foster a culture of innovation within your own organization?

Include in-text citations to at least four reputable secondary sources (such as trade journals, academic journals, and professional or industry websites) in your paper.

Reference no: EM13789003

Questions Cloud

Define the fee simple absolute and the fee simple defeasible : Define the Fee Simple Absolute and the Fee Simple Defeasible. What requirement creates the Fee Simple Defeasible? What rights are included in the Fee Simple Absolute
What difference you see in way people communicate verbally : Take detailed notes on the differences in behavior. Do people sit in chairs the same way? How about eye contact? What differences do you see in the way they communicate verbally and nonverbally?
Shops equipment at an annual interest rate : Last year, Jarod left a job that pays $80,000 to run his own bike-repair shop. Jarod’s shop charges $65 for a repair, and last year the shop performed 5,000 repairs. Jarrod’s production costs for the year included rent, wages, and equipment.
How much was invested in each account : Maria invested $5500 in two mutual funds. One fund earned an 8% profit, while the other earned a 1.5% profit. Between the two accounts, Maria made a profit of $180. How much was invested in each account?
Supporting a culture of innovation : In Innovation as Usual: How to Help Your People Bring Great Ideas to Life (2013), Miller and Wedell-Wedellsborg discuss the importance of establishing systems within organizations that promote not only the creativity that results in innovation, bu..
Determine the net present value of alternative : Interstate Manufacturing is considering either replacing one of its old machines with a new machine or having the old machine overhauled. Information about the two alternatives follows. Management requires a 10% rate of return on its investments. Sel..
Investments on a weekly basis : Pretend that you have $10,000 to invest for four weeks. You are to "invest" this money in stocks or mutual funds and to track your investments on a weekly basis for four weeks (see schedule for due date). Pick five different stocks or funds to fol..
Find who shows the greater duty of loyalty : Analyze the duty of loyalty in whistleblower cases to determine to whom loyalty is owed and who shows the greater duty of loyalty
Describe a technique for measuring photosynthetic rate : Describe a technique for measuring photosynthetic rate

Reviews

Write a Review

Finance Basics Questions & Answers

  The corner bakery has a debt-equity ratio of 062 the firms

a. the djh corporation just paid a dividend of 2.75 . it expects its cash dividends to grow 6.0 per year forever.

  Firms earnings per share

Being company's stock has PE ratio of 17.12 and pays $1.94 in dividends per share. What is firm's earnings per share (EPS)?

  What effect does the trend in stock prices subsequent to

what effect does the trend in stock prices subsequent to issue have on a firms ability to raise funds through a

  You are evaluating a covered interest rate arbitrage

answer the following three questions. you are evaluating a covered interest rate arbitrage strategy cia versus an

  An interest rate of 13 per year compounded monthly is

an interest rate of 13per year compounded monthly is equivalent to what effective interest rate per

  Inventory and cost of goods sold and journal

inventory and cost of goods sold and journal entries.assuming the perpetual inventory system is used complete journal

  Describe the term efficient market

Carefully describe what is meant by the term efficient market. Art there different levels of market efficiency discuss those levels?

  The malbim company uses a process costing system materials

complete the following exercise. provide your answers in an msword document or as an excel spreadsheet with each

  Bank of delaware offers to lend you the 10000 but it will

first usa bank offers to lend you 10000 at an apr of 6 with interest paid monthly. bank of delaware offers to lend you

  Chips home brew whiskey management forecasts that if the

chips home brew whiskey management forecasts that if the firm sells each bottle of snake-bite for 20 then the demand

  Sources of systematic risk

Problem: Suppose that the market can be described by the following three sources of systematic risk with associated risk premiums.

  What are the two main disadvantages of discounted payback

what are the two main disadvantages of discounted payback? is the payback method of any real usefulness in capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd