Change Management

1.0 Definition of innovation

• Rowan Gibson a business strategist, define innovation as an ever-changing economy, which just relying on product innovation and that is in most cases simply not enough. According to Rowan (2010) innovation is a wide field that includes process innovation, social innovation, and environmental innovation. By saying that he includes organizational/ business innovation and see it as a very important integral change/ innovation concept model to allow organizations to focusing on growth by product innovation can easily become locked into their current business model. Renewal of current business models have an impact on the financial status of an organization, and investment based can have become a factor, which can later be outcompeted due to disruptive technology and cycles of technological development. Organizational value chains can serve as major reasons for inertia in company decisions to adopt to change.

http://www.business-strategy-innovation.com/2009/09/innovation-goal-growth-or-strategic.html

• The DTI website asserts:

Define innovation as the successful exploitation of new ideas. This includes new technologies, designs and best practices are the key business processes to enable UK businesses to compete effectively in the global environment.

www.dti.gov.uk

2.1 Factors influence innovation

The study conducted in the UK can also be applied to South African market place, and therefore could the following factors be applicable to any business in the local environment.

• Introduction of a new or significantly improved product (good/ service) or process for making or supplying them. I agree that it is not always easy to sell to top management.

• Innovation projects not yet complete, or abandoned; Expenditure in areas such as internal research and development, training, acquisition of external knowledge or machinery and equipment linked to innovation activities. The understanding is that most of the time that there is a...