PRECONDITIONS FOR INNOVATION
To fully understand the level of innovation at the Label House Group, one must understand what factors encourage innovation within the organization. We found that the Pre-Conditions for Innovation framework was a good tool to analyze the level of innovation in the company. Create Bandwidth (Time and Space)
The Directors of the Label House Group are the main owners of the establishment. They are responsible for observing how the business is developing as well tracking it's progress. The team comprises of qualified employees who possess various skills in performing their daily responsibilities in their respective job functions such as sales, branding, production and IT. Meetings are held once per week to
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The Executive Chairman and CEO have a great Open Door Policy and any employee can drop in with short notice. The company also encourages the business development team to create open markets for ideas. The Label House Group also uses the weekly morning meetings to harness imagination.
The organizational structure however is currently a hierarchical one, but there are efforts to make the structure ‘flatter’ and more of a hybrid organization. This will allow the business development team to have a more collaborative roll with lower level staff so that their voice and concerns can be heard and changes can be implemented by upper management. THE 4 LENSES OF INNOVATION
In addition to the preconditions of innovation we wanted to take a closer analysis of the company through the four lenses of innovation. Challenging Orthodoxies
The Label House Group does not believe in the need for a traditional marketing team or a research and development team. Instead they put emphasis on a business development team that focuses on new markets and new products and they conduct their own personal research and presents findings to the executive
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The company went through extremes to acquire a few companies to accomplish their end goal of becoming a ‘one stop shop’. They also became the biggest branding company in the English speaking Caribbean without sacrificing customer or service quality.
Subsequently they surfaced the dogma of being innovative and growing exponentially without losing the quality of their final product. Usually when companies grow too fast, they tend to suffer from diseconomies of scale, but the Label House Group managed to do both while becoming a cost
9. How likely is the innovation simpler? 10. How likely is that the management will easily ratify to integrate innovation in organizational policies? 11.
Contents Task 3.1 2 3.1.0 2 3.1.1 2 3.1.2 3 3.1.3 4 3.1.4 4 3.1.5 4 Team Activity 1 4 3.1.6 4 3.1.7 15 Summary 15 3.1.8 16 Team activity 02 16 3.1.9 16 3.1.10 22 Summary 22 Task 3.1 3.1.0 Team is collection of individuals to get together and coordinate with each other to achieve a common goal. (Authors view) “A group of people with a full set of complementary skills required to complete a task, job, or project. Team members (1)Operate with a high degree of interdependence (2) Share authority and responsibility for self-management (3) Accountable for the collective performance (4) Work toward a common goal and shared rewards(s). A team becomes more than just a collection of people when a strong sense of mutual commitment creates synergy, thus
REI, better known as Recreational Equipment is a company that sells sporting goods, outdoor gear and apparel. The company was founded in 1938 by Mary Lloyd Anderson, and has been a co-op since the beginning. Being a co-op has allowed REI to focus on the long-term interests of not just themselves, but their members and customers as well. (rei.com overview, 2018) The company operates 154 stores in 36 states in America, but also receives income from purchases made via magazine and online.
The new structure is more complex, with some employees helping in
Interaction among all the levels of the hierarchy is spontaneous, so it increases effective communication. John Borghetti the CEO of Virgin Australia, himself personally interacts with employees on a regular basis discussing ideas and receiving feedback. Virgin Australia promotes self-sufficiency and effective communication within the organisation and believes that the employees are the backbone of the company. Hence they have been given enough involvement and authority in decision making. Since Virgin Australia comprise of many different departments, it is also necessary to have organizational bureaucracy in it.
It is widely recognized by the customers for introducing a variety of innovative and high-quality products to the market while the competitors could not do the same. “During this period of time, the company grew at a very fast rate and expanded its market to Europe, Asia, and Latin America” (dynacorp case study). However, Dynacorp’s glory did not last long. The company started to face many problems while its competitors began to close the technology gap and gained back the
There should be strong relationship between the two divisions. Employees working in core business or existing products should be equal priority and periodic rewards so that they don’t feel left out. There should be some training programs for the growth of employees. Also there should be periodic assessment programs like the company jam in which opinions of employees from both sides should be taken into consideration.
Evaluate two to four (2-4) weaknesses that are evident in the selected organization’s product life cycle. Generate a new product design and product selection, and then determine three (3) strategies that the organization needs to strengthen the operation. Product Life Cycle (PLC) is known as the stages in its lifetime that a product goes through, where the demand changes over time. [Rei132.
And achieve as a result, the growth for its brand, market share, and sales
INTRODUCTION The word ‘team’ can be defined as a group of people working together towards a common goal. A team also generally is known as a group of people with different skills and different tasks, who works together on a common project, services, or goal. Then, the important thing in teamwork is ‘collaboration’, which is the act of working effectively with others to achieve a common goal. Collaboration acts as the lifeblood in the team, even the team is not large enough, but the collaboration is required.
I notice that each member has a different characteristic that shapes the team dynamic, which is the unseen forces that strongly influence how a team reacts, performs, or solve problems (William, 2013). Learning from the extensive interaction in the CP course and my professional experiences as HR Professional, I know that a leader should understand her team members’ characteristics, particularly their strengths, weaknesses, personalities, and build a same perspective/vision to facilitate team effectiveness. This initiative will enable each member to contribute their talent, develop a collective agreement to solve problems and achieve the team’s goal effectively. Having an effective work group is very critical for solving the challenge/problems, particularly on how we could deliver a robust recommendation for the client by applying diverse knowledge gained from the MBA course and how we could get reliable data/information from Greenwich Library and multiple
Every team members were allowed to have meeting regularly to review the performance in order to optimize the team efficacy, mutual
Organizational set up has to be favourable to support new product development. Foremost companies must allocate funds for research and development, the conventional way is the percent of sales technique. Others chose to allow employees dedicate a certain amount of work time on new product development. Companies next have to organize the process of development.
There should be a skills mix, were functional expertise can be found in each members so that each and everyone has its own designated task to accomplish and at the end all of the research and work that have done will be gathered to create a something that will benefit the workplace. Since teamwork involves everybody, problem solving skill or decision making skill should also be present to all members so that when an issue or problem
To innovate successfully a company should develop and stimulate the culture of innovations. When the clear vision for changes is created it should be communicated to the employees to involve them into the change process. Most people do not like changes. But in every company there are people who can become leaders for innovations. The company management should search such people and develop the company environment to stimulate initiative and reward innovations.