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Ch.14 Bateman
Management -Ch. 14 Innovation and Changing
| Question | Answer |
|---|---|
| Creativity | Production of new and useful ideas |
| Innovation | Implementation of new and useful ideas |
| Elements of Innovation | accept failure, allow the new, shared values, set “challenging” goals, loosen controls, reward creativity |
| Internal development | developing new technology within the company, this keeps technology exclusive to the organization |
| Purchase technology | Already available in products or processes that can be purchased. But it will not offer competitive advantage |
| Contracted development | acquiring technology from experts for a short period of time |
| Staffing | ??? |
| Exploiting existing capabilities | improving production speed or product quality, reengineering, suggestions, etc |
| Exploring new knowledge | seeking to develop new goods or services |
| Change | Period of instability between two periods of stability. It is driven by pace and depth |
| External causes | things that happen outside the company that makes them respond to it, and be affected to them |
| Internal causes | things that happen inside the company for change |
| Slight change overtime | Incremental, evolutionary and low risk |
| Continuity | doesn’t alter business model, it just makes business more efficient |
| Dramatic instantaneous change | Quantum, revolutionary and high risk |
| Discontinuity | doing something totally different, it changes the business model completely |
| Reactive change | reaction to something that happens unintentional, forced to. Change in the conditions you are given |
| Proactive change | intentional, doing or trying something different because you want to |
| False myth | people are naturally resistant to change |
| True myth | people naturally resist to imposed change |
| Lewis Model for change | Unfreezing, moving, refreezing |
| Unfreezing | realizing that current practices are inappropriate and that new behavior must be enacted. Create a willingness to abandon the old and embrace the new, motivational stage |
| Moving | Instituting the change. Acquisition of knowledge, training stage |
| Refreezing | strengthening the new behaviors that support the change. Normalization stage, making the new- the norm |
| Inertia | forces that work and protect the work in status quo |
| Culture | most significant component of inertia |
| Perceived risk | depending on the risk people see on the new, they will be willing to change sooner |
| Episodic Change | seen like in an episode |
| Turbulence | continuous change |
| Organizational development | System-wide application of behavioral science knowledge to develop, improve, and reinforce the strategies, structures, and processes that lead to organizational effectiveness |