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The Importance Of Global Innovation

1291 Words6 Pages

The reason why I chose to examine innovative change strategies for global competitiveness is that innovation is deeply embedded in the new dynamics of global economic development and competition. Global competitiveness is transforming the pace and stakes of business and accelerates market changes, thus innovation is no longer a choice, it is a competitive imperative. In addition, I have been a CEO for 10 years, so I have had the opportunity to accomplish business excellence driven by innovative change strategies. I have also learned that the top companies prioritise and emphasise years of experience and are uniquely qualified to inspire and advance innovation because innovation is central to strategy.
In recent years not only international …show more content…

(2009) three essential traits are advisable for innovative leadership: positive encouragement, a tolerance for failure (Patrick Cescau, George Buckley) and patience (Olli-Pekka Kallasvuo). An innovative organisation should be closely linked to the company's vision and overall business strategies based on comprehensive and relevant information, both from inside the corporation and from the market and the environment. Therefore, today's companies must constantly adapt, develop and innovate, so that to handle the challenges of future innovation management, including the importance of quick results, the value of data-driven decision making and the particular environment of emerging …show more content…

2011. Innovation and Entrepreneurship: Practice and Principles. New York: Routledge.
Knight, G.A., Cavusgil, S.T. 2004. Innovation, Organizational Capabilities and the Born-Global Firm. In Journal of International Business Studies 35(2):121-141.
Le Merle, M.C., Davis, A. Corporate. 2017. Innovation in the Fifth Era: Lessons from Alphabet/Google, Amazon, Apple, Facebook, and Microsoft. Corte Madera: Cartwright Publishing
Maier, D., Olaru, M., Weber, G. and Maier, A. 2014. Business Success by Understanding the Process of Innovation, In: The 9th European Conference on Innovation and Entrepreneurship – ECIE, 18-19 September, Belfast, UK.
Mateescu, R., Olaru, M., Lange, S., Rauch, M., 2015. Study On Supplier Invoice Risk Management in A Global Supply Chain, The 26th IBIMA conference on Innovation Management and Sustainable Economic Competitive Advantage: From Regional Development to Global Growth in Madrid, Spain 11-12 Nov. 2015 http://www.ibima.org/SPAIN2015/index.html.
Peters, T.J., Waterman, H.R. 2012. In Search of Excellence: Lessons from America’s Best-Run Companies. New York: Harper Collins
Schwab, K. 2016. The Global Competitiveness Report 2016-2017, World Economic Forum,

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