Managing innovations In Organization Samples †MyAssignmenthelp.com

Question: Discuss about the Managing innovations In Organization. Answer: Introduction Innovation is the process of thinking of new ideas to make changes within the organization for an improvement in the process. This assignment will be discussed about the technological innovation for which various examples of this innovation will be described. The world has become advanced and people are adapting latest technology to accomplish their desires. Innovation has the various elements such as challenge, contemplation, culture, customer focus and completion. The most important milestones of this innovation will be mentioned to describe the attainment of this innovation within the organization and the impact of technological innovation on the organization andmanagement approach will be defined which will be helpful to understand the role of technological innovation within the organization. Technological innovation The role of technological innovations in making life easier of people is huge. However, the breakthroughs of the technological also generate the social and ethical consequences. A technological innovation is facilitated to improve the growth of the business and enhance the productivity of the employee. The equipment and resources of the organization can be used in effective manner with the help of technological innovation. There are various technological innovation has been done in the world. Technological innovation is more advantageous for the market platform as it make work easy and fast. The technological innovation is tending to be provided the huge profits to the organization whether it is small or big (Newell, Robertson, Scarbrough and Swan, 2009). The subtype of technological innovation is defined below. Various examples can be seen of technological innovation in now days. Amazon is the well known electronic commerce company that innovate new technique to reach its customer. A drone has been implemented by Amazon Company to deliver the products to the customers instantly. Primary air is a delivery system which is designed by Amazon to provide the products within 30 minutes or less. It has been analyzed that the prime air has effectiveness to increase the services what it already is being provided to millions of customers by Amazon. It will enhance the overall safety and effectiveness of the transportation system (Isckia and Lescop, 2009). Subtype of technological innovation There are various industries that take benefits of the interest of people with advanced technology these days. It has been found that there is a huge difference in between the earlier days until now because now days technologies are made and sold in the market at very specific prices. The subtype of technological innovation is Semi-radical, disruptive and incremental (Geldes, Felzensztein and Palacios-Fenech, 2017). Semi-radical It is the sub concept of the technological innovation and this kind of technology are relying on the existing knowledge about technology. For instance, cell phones are considered as mobile phones but due to technological changes the work of it is different around these days. There are some example of semi radical innovation such as sales force. It is CRM system harnesses not only for a new technology platform in develop the cloud computing but a new business model too (Gnyawali and Park, 2009). Disruptive The disruptive technology is another sub concept of technological innovation in which it breaks the old one trends of innovation and brings new products and technologies that are most acceptable and accessible. The existing business is being encouraged with the help of disruptive technology. For instance, digital photography is good due to its minimization of traditional films and e-readers that can make the print media ineffective (GIS Innovation Centre., 2015). Incremental Incremental technologies are not huge but it has wide value in the organization because it helps to improve the products and services of the organization (Schilling, 2010). It is considered as the later version of word processing program which permits every user to create new document types by using more effective tools which proved as the best illustration for enhancing the modern technology. Important milestones for technological innovation Technological innovation has changed the entire face of the world. Now, people can order or get knowledge about everything without going outside their house due to effective use of technology (Brown and Osborne, 2012). It has been analyzed that in past decades, kidney failure meant certain death but due to effective adoption of technological innovation such as dialysis treatment which can remove the deadly impurities from the blood and save the life of an individual. Technological innovation has the huge importance in changing the daily life of the human beings by providing the services of online store and online banking where people can operate their daily needs things with the help of internet (Aminbeidokhti, Jamshidi and Mohammadi Hoseini, 2016). The major four milestones from 1990 to today are described below. Development of the home computer Technology has become advanced and it has become advantageous for the people to work from anywhere. Mobile technology is effective and it enables people to communicate with each other from all over the world. Creation of the World Wide Web It has been seen that the World Wide Web is released in 1992. The use of internet in those days is different in c comparison of today. Websites are developed on daily basis where information can be taken from any sources. Evolution of Google In 1998, Google is found as the pioneer in the area of internet technology. It had opened various work locations and start developing the business that today influences almost every company in all over the world. Advancement of wireless communication Wireless internet connection is emerged in the early 1990s but it was not until around in the year of 2000 due to popularity of the wireless communication. Wireless internet is incorporated in home computers in the time of adding Centro chip by Intel (Yang, Wang, Geraci, Elkashlan, Yuan and Di Renzo, 2015). Innovation has affected organisations management approach Innovation can influence themanagement approach of the organization. There are various examples that show the importance of the innovation in the organization (Razavi and Attarnezhad, 2013). Amazon has launched the drone which name is Prime Air. It assists to deliver the products within limited time to the customers. It has great potential to deliver the produces as soon as possible and limited time has been decided of 30 minutes. Geneva Motor Show has revealed worlds best commercial flying car (Hitti, 2013). The manufacture of aircraft is Dutch that has launched a flying car that can convert from drive to flight mode in under in 10 minutes. It is an epic innovation done in the world which is equivalent with plane that has special features of lying or driving. This innovation has been certified to fly under the US Federal Aviation Administration and the European Aviation Safety Agency. It also meets the standard road safety requirements. There is another example of innovation such as driverless car. Waymo and Uber have self driving car which is shown the advanced technology (Felton, 2018). These cars have successful response and people accepted this inn ovation because it provides the safety as well. Themanagement approach of the organization has hugely impacted due to this innovation because it helps them to do something new and different. Innovation aids to build a stronger brand image because customers will link Uber with getting where they need to go in the times where facilities and safety is more considerable. Recommendations Technological innovation is effective as it has provided huge profit to the organization (Camisn and Villar-Lpez, 2014). Various examples of technological innovation have been discussed in this assignment which shows that people rely on innovation and appreciate the technique. However, the innovation is being done by taking consideration of the demand of the people but there are some recommendations for them which show they can be more developed. It has been recommended that organization should consider advanced technology to make satisfy their customers. As it has been discussed the example of Amazons prime air which deliver the products to the customer in 30 minutes, the organization should focus on less time of delivery. Along with that the facility of charging should be there such as charging from solar energy. Uber driver less car has been accepted by people and it can be more advanced by adapting latest technology such as digital roadmap in the car and television facility to th e customers which may attract many customers. It has been found that the innovation of the organization is existed only till organization adapts the latest technology formation in products and services. Along with that the example of flying car has been taken in this assignment and for further development of this innovation, organization need to make some changes time to time so that it can exist in the competitive market for a long time. There can be more innovation happen for further development such as indicator of traffic and digital technology in the car to show the way to the driver (Nyln and Holmstrm, 2015). References Aminbeidokhti, A., Jamshidi, L. and Mohammadi Hoseini, A., 2016. 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The Innovation of Technologies and its Three Types. Accessed on 18th March 2018, from: https://www.gistic.org/the-innovation-of-technologies-and-its-three-types/. Gnyawali, D.R. and Park, B.J.R., 2009. Co?opetition and technological innovation in small and medium?sized enterprises: A multilevel conceptual model.Journal of small business management,47(3), pp.308-330. Hitti, N. 2013. World's first" commercial flying car unveiled at Geneva Motor Show. Accessed on 18th March 2018, from: https://www.dezeen.com/2018/03/13/worlds-first-commercial-flying-car-unveiled-at-geneva-motor-show/. Isckia, T. and Lescop, D., 2009. Open innovation within business ecosystems: a tale from Amazon. com.Communications and Strategies,74, pp.37-54. Newell, S., Robertson, M., Scarbrough, H. and Swan, J., 2009.Managing knowledge work and innovation. Palgrave Macmillan. Nyln, D. and Holmstrm, J., 2015. Digital innovation strategy: A framework for diagnosing and improving digital product and service innovation.Business Horizons,58(1), pp.57-67. Razavi, S.H. and Attarnezhad, O., 2013. Management of organizational innovation.International Journal of Business and Social Science,4(1). Schilling, M.A., 2010.Strategic management of technological innovation. Tata McGraw-Hill Education. Yang, N., Wang, L., Geraci, G., Elkashlan, M., Yuan, J. and Di Renzo, M., 2015. Safeguarding 5G wireless communication networks using physical layer security.IEEE Communications Magazine,53(4), pp.20-27.