(Seow, 2009, p. 202). Being forced to comply with regulations is a useful motivating factor for senior managers when it comes to maintaining a continuity plan. The benefits of partaking in a continuity plan also appeal to management when examples of good management practice are established. A huge core motivator for business continuity is its ability to trigger an advantage over competitors by having the ability to become more reliable than other organizations in the event of an outage. “When disaster strikes, the organization that is better prepared to meet delivery deadlines and customer expectations through more resilient operations and that is better able to recover quickly clearly has the advantage.” (Seow, 2009, p. 204).
outcome and feedback loops to redirects to strategic and operational issues. In successfully Team based organization the complete focus is not only on teams but also highlights the essential role of the managers. Form a strategic vision: Rapidly growing technology and global competition are making the organizations implement new ways to gain competitive advantage. In this new technological era one company masters a new technology and the other company makes the technology advanced. So there is need to catch the flexible changes in the market to meet the customers’ expectations which is essential in drafting organizational strategy.
Hot Spots guarantee organizational success. The energy in Hot Spots encourages innovation, a core capability required to succeed in the new volatile, uncertain, complex and ambiguous business environment. Hot Spots propels people to think differently, revamp practices and reengineer processes to offer extraordinary products and services (Gratton 2007). Developing robust innovation
The value proposition of IT to business organizations are enormous, but to benefits from IT an organization has to succeed in integrating IT with the business strategic objectives. To do this, the organizations have to develop its IT architecture capabilities which will serve as an enhancer in evolving the enterprise IT architecture before the firm can realize this value from IT. Yes, the company should have risk mitigation strategies for the standardized technology architecture stage because while firms move from the application silo stage, they carries along some of the problem that they were facing to the technology standardization stage. The application of specific-data is one problem facing the standardized stage which has to be managed
Employees should not only have the relevant expertise but also need to be skilled in working with external partners. The management have to make sure that the organization recognizes its own resources which can be applied to nurture collaborations and monitoring their progress to ensure success (Hunter, 2010). A change of culture is needed to successfully implement open innovation (Heap, 2010). The patent should no longer be regarded as a protection, but as a marketable asset which can be bought, traded and sold. Open innovation can help smaller organizations getting access to resources that would otherwise be out of reach.
The assessment and evaluation of cost data in the aspects of launching new product by Marks and Spencer is about gaining insights and learning ways for achieving the goals of organisation in most effective manner. The management of the organisation has been assisting
Identify a leader within the team and start to think of what people would want in the future. This is the division that can turn the company around. It is also crucial to look out for new product from competitor to counter act with better products. 4.3 To have excellent
The matching relationship would be changeable with the development of enterprises. And then, the firm should try to find the next matching status and achieve a better innovational aim. The stability and balance of each system need an important precondition. The precondition is that all the factors about the system could get a good matching relationship result in the process of interaction. Thus, the matching relationship between organizational innovation and technological innovation is shown by the both of result and process.
That will enable Nestlé to be flexible and lean at the same time. It will also help Nestlé to skim its strategies by being more flexible. The implementation of this operation based strategies however can be a challenge for Nestlé as the company is already very efficient yet every business has the space for being better and more efficient than it already is. And also because quality needs to be checked from time to time because at the end of the day quality is what measures the customer satisfaction. Nestlé will have to conduct an extensive research to find out the flaws in the business that needs to be corrected.
Still finding new opportunities for improvement and creation of value is a must nowadays. The companies should understand how emerging technologies can affect their competitive advantage and strategy, how they can help them retain their customers and bring new ones and thus implement changes that will help them to play competitive. Successful innovation means that companies should match the market trends and customer expectations with internal processes and invest into