Leading Innovation & Change

5904 words 24 pages
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Leading Innovation and Change
Final-term essay

March 15th, 2012
Effective words - 5262

Table of Contents Introduction 3 1. Critical literature review of theories of innovation and change 4 1.1. Why innovation is critical for an organization? 4 1.1.1. Creativity 4 1.1.2. Definition of invention 5 1.1.3. Definition of innovation 5 1.1.4. Why innovation matters 7 1.1.5. The driver of innovation 7 1.2. How to innovate 8 1.3. Moving from innovation to change 8 1.3.1. What change is about 9 1.3.2. Type of change 9 1.3.3. Change management 9 1.3.4. Resistance to change 12 1.3.5. Change – People impact 12 1.4. Leadership skills for innovation and change 13 2. Critical analysis of practical examples of changes 15 …show more content…

Definition of innovation
Goffin and Mitchell (2010) explained that the importance of understanding innovation was first recognized by the Austrian economist Joseph Schumpeter in 1930s. Schumpeter considered five different aspects of innovation, here is his comprehensive definition:- 1. The introduction of a good (product), which is new to consumers or one of increase quality than was available in the past; 2. Methods of production, which are new to a particular branch of industry. These are not necessarily based on new scientific discoveries and may have, for example, already been used in other industrial sectors; 3. The opening of new markets; 4. The use of new sources of supply; 5. New forms of competition, which lead to the re-structuring of an industry.

60 years later, Porter (1990) defined innovation as such “to include both improvements in technology and better methods or ways of doing things. It can be manifested in product changes, process changes, new approaches to marketing, new forms of distribution, and new concepts of scope ... [innovation] results as much from organisational learning as much as from formal Research & Development”
West and Farr (1990) defined the innovation as ‘‘. . . the intentional introduction and application within a job, work team, or organization of ideas, processes, products, or procedures, which are new to that job, work team, or organization”
All these definitions are quite similar, Porter emphasised on

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