INNOVATION

Innovation

Innovation

Introduction

The change is any modification that enables organizations to stay in a temporary space environment that is relatively stable. Change could be defined as the action and effect of changing any set pattern or behavior. It is not a straightforward process, and there will always be something that blocks or resists to it (Shehabuddeen, 2007).

Innovation

Joseph Schumpeter highlights the importance of innovation in an organization. According to him, innovation is the key to tangible success in an organization. It is considered that innovation can only be in product features and modernization of the prevalent concept. However, Schumpeter suggested that innovation is not bound only to product development and enhancement if product features. He defines innovation in four different dimensions. One of the main element that describes competitiveness is innovation (Escorsa, 1997). Innovation always exists whenever there is competitiveness. This is because of the fact that it is competition that compels and organization to bring about innovation in their products and services. This is true in case of innovation, whereas, on the other hand, it can also be said that competitiveness can still exist without the existence of innovation in an organization. This can be done, if the organization focuses on the continous improvement of its processes and systems. Another important aspect in this regard is the fact that improvement can only play its role to a certain point, for example, in situations when the demand is high, the organization will not be able to fulfill the demand in this case (Omachonu, 2010).

Overcome the Difficulty of Developing Innovation

Any change initiative involves, among others taking into account a number of technical and manpower issues involved in change. It is important to involve the organization in a process of change therefore, before any process change, it will be necessary to analyze a range of ...