The Why What and How of Management Innovation

In: Business and Management

Submitted By Aitordz
Words 1090
Pages 5
GADE 3
Innovation Management
Lecturer: Lopez, Urko

The Why, What, and How of Management Innovation

* Gary Hamel -

Rodriguez Ugarte, Aitor 15th of February, 2015
INDEX

INTRODUCTION 2 1. CONCEPT OF MANAGEMENT INNOVATION 3 2. WHY IS MANAGEMENT INNOVATION SO IMPORTANT NOWADAYS? 3 3. “DECONSTRUCT YOUR MANAGEMENT ORTHODOXIES” 4 4. SUMMARY OF THE ARTICLE 5 BIBLIOGRAFÍA 7

INTRODUCTION

In this work I am going to analyze the management innovation. To do so, I am going to use Gary Hamel’s article “The Why, What, and How of Management Innovation” as guide to discuss this topic. To conclude with it, I am going to make a short summary about the article mentioning the main points of it.

Source: Own elaboration Source: www.sintetia.com

1. CONCEPT OF MANAGEMENT INNOVATION

Management innovation involves two concepts within it: Management and Innovation. On the one hand, management is one of the most important elements in an organization. It consists on coordinating activities and making plans for the future with the purpose to adapt to its environment and changes in it. On the other hand, as we analyzed the concept of Innovation in class the other day, I concluded that Innovation is the act of changing or creating a product or way of working in order to adapt to new environments or situations.
So, what does Management Innovation mean? According to Gary Hamel “a management innovation can be defined as a marked departure from traditional management principles, processes, and practices”. It means that management innovation tries to discover different managing forms to get competitive advantages.
However, it isn’t easy for a company innovating its management, because it implies changing how managers work. Management has hardly changed in the last 100…...

Similar Documents

What Is Strategic Management, and Why Is It Critical to the Success of an Organization in Meeting Its Goals and Mission?

...APPLE, Inc. What is Strategic Management, and why is it critical to the success of an organization in meeting its goals and mission? What is Strategic Management? The concept of "strategy" is based in a war scenario, the constant fights and battles over the centuries have caused the military to start thinking before you act- the battles are analyzed and planned in advance. In General Sun Tzu’s words: “The general who wins a battle makes many calculations in his temple ere the battle is fought.” When translating it to today’s Strategic Management’s words, it means: “Those companies and individuals who win in the business world make much calculation, planning and deliberations on their strategy and plans. Those who plan less have lower chance of success, much less those who don’t plan anything at all.” (Soo, 2011). Developing a Strategic Planning increases the likelihood that in the future, the organization will be in the right place at the right time. Strategic Management collects all activities and processes utilized by an organization in order to align resources and actions with mission, vision and strategy throughout the organization. When applied correctly, strategic management activities transform the vision into performance and enable the plan to evolve and grow as requirements and other circumstances change. Apple – Both sides of the fruit The right side In researching the Apple’s success, we can find a myriad of reports appreciating this fact....

Words: 1406 - Pages: 6

Seo, What, How, and Why

...Search Engine Optimization (SEO) What?, How?, Why? In order to attempt to answer these questions, we have to answer "What is the Internet?" The Internet, World Wide Web, or just simply the Web or the Net is a network of mainframe computers with massive data storage capacity. Each website (uniquely addressable entity) contains a collection of screens (pages) that consists of one (1) to literally thousands (1,000's) of pages of information. A page is a presentation of information that does not require the viewer to navigate from the page they are viewing to another page; although, scrolling on the page may be required. How many pages are there on the Web? WorldWideWebSize.com measures the size of the web base upon search results from standard queries using Google and Bing. "The Indexed Web contains at least 4.17 billion pages (Sunday, 21 July, 2013)." The qualifier 'at least' is due to the fact that their calculations deliberately underestimate the total number due to the number of pages that fluctuate (are added and deleted) daily (De Kunder). So how do you find what you are looking for in 4,170,000,000 pages? That is what a search engine does. There are over 200 search engines available and they are grouped by the following types: All Purpose Accounting Bit Torrent Blog Books Business Email Enterprise Forum Games Human Search International Job Legal Maps Medical MetaSearch MultiMedia News Open Source People Questions & Answer Real......

Words: 805 - Pages: 4

Why Companies Offshore Innovation

...901–925 & 2009 Academy of International Business All rights reserved 0047-2506 www.jibs.net Why are companies offshoring innovation? The emerging global race for talent Arie Y Lewin1, Silvia Massini2 and Carine Peeters3 The Fuqua School of Business, Duke University, Durham, USA; 2Manchester Business School, University of Manchester, Manchester, UK; 3 Solvay Brussels School of Economics and Management, Brussels, Belgium Correspondence: AY Lewin, The Fuqua School of Business, Duke University, 1 Towerview Drive, Box 90120, Durham, NC 27708, USA. Tel: þ 1 919 660 7654; Fax: þ 1 919 660 7769 1 Abstract This paper empirically studies determinants of decision by companies to offshore innovation activities. It uses survey data from the international Offshoring Research Network project to estimate the impact of managerial intentionality, past experience, and environmental factors on the probability of offshoring innovation projects. The results show that the emerging shortage of highly skilled science and engineering talent in the US and, more generally, the need to access qualified personnel are important explanatory factors for offshoring innovation decisions. Moreover, contrary to drivers of many other functions, labor arbitrage is less important than other forms of cost savings. The paper concludes with a discussion of the changing dynamics underlying offshoring of innovation activities, suggesting that companies are entering a global race for talent. Journal of......

Words: 17853 - Pages: 72

Innovation Management

...TABLE OF CONTENTS: INTRODUCTION 1 1. CREATIVTY TOOLS, INNOVATION MANAGEMENT & FINANCIAL SERVICES 1 2. RBS INTRODUCTION 3 2.1 RBS Innovations 3 2.2 RBS Creativity Tools 4 3. SANTANDER INTRODUCTION 5 3.1 Santander Innovations 5 3.2 Santander Creativity Tools 6 4. SUGGESTIONS FOR FURTHER CRETIVITY TOOLS 6 FINDINGS AND CONCLUSIONS 8 REFERENCES 9 INTRODUCTION The aim of this report is to introduce the latest innovation end products and service and identify and describe creativity tools used by Royal Bank of Scotland (RBS) and by Banco Santander (Santander). Furthermore this report seeks to explain why the tools applied are useful for a particular organisation’s innovation management. This report will also suggest 2 additional creativity tools for each organisation and will also explain why these tools are useful. To achieve the above a short introduction about organisations will be provided and secondary research resources: companies’ websites, journals, books and articles will be used. 1. CREATIVTY TOOLS, INNOVATION MANAGEMENT & FINANCIAL SERVICES Creativity tools can be described as combinations of factors that can help to engender new ideas (Fig 1). Fig.1. Creativity tools in organisations Source Aurnhammer, 2013 There are different factors that can contribute to successful innovation in organisations. Fig.1 shows tools covering People, Methods and Platform combining to create the optimal conditions for the creation of innovative ideas and......

Words: 2759 - Pages: 12

Innovation Management

...information systems is a critical skill in today’s fast-paced business environments. Remember that technology underpins almost all business models in what we now call a knowledge era or network economy. As distinct from IT, the field of information systems (IS) transcends the technology in order to make business performance the principle driving factor. 1 May, 2013 Session 1 - MIS Fundamentals 1 • • Unit 403–Managing Information Systems Topic Learning Objectives • Explain why managing information systems is important in today’s business world • Define concepts from the hierarchy of data and IS, as distinct from IT. • Describe the major challenges facing today’s business and IS managers. • Analyse and report on an organisation’s ITinvestment profile. • Describe an organisation’s learning curve when applying IS or IT. 1 May, 2013 Session 1 - MIS Fundamentals 2 Unit 403–Managing Information Systems Who Am I ? Dr Tony Jewels •Bachelor of Business Management (Management Economics) •Certified Member Australian Computer Society (Project Management) •Master of Information Technology (Professional) •PhD (Increasing the chances of project success through sharing knowledge) 1 May, 2013 Session 1 - MIS Fundamentals 3 Unit 403–Managing Information Systems •30 years industry experience •Operated “Inventory Management Services” •Designed and implemented robotic warehouses •Project manager of many leading edge MIS projects oe-commerce oinventory control and......

Words: 1485 - Pages: 6

Personal Knowledge Management : Who, What, Why, When, Where, How?

...Personal Knowledge Management : Who, What, Why, When, Where, How? Jason Frand and Carol Hixon December, 1999 Our students, who will spend most of their working lives in the 21 st century, will need to see the computer and related technologies as an extension of themselves, as a tool as important as the pencil or quill pen was for the last several hundred years. Fifteen years ago, few people knew what a personal computer was. Now personal computers are ubiquitous. With the proliferation of personal computers and linked computer networks, there has been an increase in the amount of information produced, as well as new avenues of finding the information. Personal Knowledge Management (PKM) attempts to utilize the computer to help the individual manage the information explosion in a meaningful way. What is personal knowledge management? It’s a system designed by individuals for their own personal use. Knowledge management has been described by Davenport and Prusak as a systematic attempt to create, gather, distribute, and use knowledge. Lethbridge characterizes it as the process of acquiring, representing, storing and manipulating the categorizations, characterizations and definitions of both things and their relationship. PKM, as conceived at the Anderson School, is a conceptual framework to organize and integrate information that we, as individuals, feel is important so that it becomes part of our personal knowledge base. It provides a strategy for transforming what might be......

Words: 1972 - Pages: 8

Innovation Management

...07-079 Innovation through Global Collaboration: A New Source of Competitive Advantage Alan MacCormack* Theodore Forbath** Peter Brooks ** Patrick Kalaher** *Harvard Business School, Boston, MA **Wipro Technologies, Product Strategy and Architecture Practice, Boston, MA Copyright © 2007 by Alan MacCormack, Theodore Forbath, Peter Brooks, and Patrick Kalaher. Note: This is one of two papers reporting the results from this research. The other is “From Outsourcing to Global Collaboration: New Ways to Build Competitiveness,” HBS Working Paper 07-080. Working papers are distributed in draft form for purposes of comment and discussion. It may not be reproduced without permission of the copyright holders. Copies are available from the authors. Innovation through Global Collaboration: A New Source of Competitive Advantage Date: August 14th 2007 Alan MacCormack* Harvard Business School, Soldiers Field, Boston, MA 02163 Theodore Forbath, Peter Brooks, Patrick Kalaher Wipro Technologies 75 Federal Street, Boston, MA 02110 * Corresponding Author Abstract Many recent studies highlight the need to rethink the way we manage innovation. Traditional approaches, based on the assumption that the creation and pursuit of new ideas is best accomplished by a centralized and collocated R&D team, are rapidly becoming outdated. Instead, innovations are increasingly brought to the market by networks of firms, selected for their unique capabilities, and operating in a......

Words: 6275 - Pages: 26

Management and Innovation

...Name: Instructor: Course: Date: Management, Innovation and Organizational Performance Introduction Innovation is central to the understanding of how organizations sustain themselves over a certain period of time. This is because innovation enables organizations to create or generate new and multiple products and services. The process of innovation among organizations is to develop the basis of assessing creativity among organizations. More so, it enables managers to identify measures aimed at improving or changing organizational operations and functions. Through management innovation, new measures to plan, organize, coordinate, lead, and motivate the organization are identified. This can lead to achievement and sustenance of a competitive advantage in the industry. This is because principles of innovation involve creating long-lasting advantageous processes producing dramatic shifts in the competitive position. Global organizations therefore rely on innovation to systematically reinvent functions and operations being undertaken to enhance speed, effectiveness, and efficiency leading to a long business life (Alice 3). Organizations are referred to as open systems due to various reasons. Foremost, organizations are developed in order to produce new products and services regularly and successfully without facing barriers. As a result, they are referred to as open systems as they can determine market needs and technological capabilities to apply to ensure the......

Words: 2842 - Pages: 12

Innovation Management

...innovationmanagement.se http://www.innovationmanagement.se/imtool-articles/how-to-evaluate-ideas/ How to Evaluate Ideas By Jeffrey Baumgartner Many organizations make mistakes in their idea review processes that result in rejecting the most potentially innovative ideas in favor of less innovative ones, warns Jeffrey Baumgartner. Here are some ways to avoid this unfortunate fate. Organizational innovation is not just about generating creative business ideas. It is also about reviewing ideas in order to identify those which are most likely to become successful innovations. Unfortunately, many organizations make mistakes in their idea review processes that result in rejecting the most potentially innovative ideas in favor of less innovative ones. In some instances, the idea review process is a simple matter of a manager reading through a batch of ideas and selecting those she believes will work best for her firm. This is most often the case in smaller firms run by a single owner and manager. In most medium to large businesses, however, a structured evaluation process is necessary in order to: Identify the ideas that are most likely to succeed as innovations for the company. Ensure that complex ideas are reviewed by people with the appropriate expertise necessary to understand what would be necessary to implement the idea – and what might go wrong. Enable a middle manager to defend the idea to senior management, stakeholders, and financial officers who......

Words: 1440 - Pages: 6

Banking Management - What Is Market Segmentation Why Is It Important to Advertisers How Is It Useful for Banking.

...mbacasestudyanswers.com ARAVIND – 09901366442 – 09902787224 Banking Management CASE-01: BANKING ON RELATIONSHIP The birth of ABC Bank took place after the RBI issued guidelines for the entry of new private sector banks in January 1993. Subsequently, the promoter of ABC Bank sought permission to establish a commercial bank and retained KPMG, a management consultant of international repute, to prepare the groundwork for establishing a commercial bank. The Reserve Bank of India conveyed its approval in principle to establish ABC Bank on February 11, 1994. Thereafter, the Bank was incorporated under The Companies Act in September 1994. The bank started its operations in November 1995. The ABC Bank was promoted by the tenth largest development bank in the world, which had a magnificent record of promoting world-class institutions in India. The promoter was a strategic investor in a plethora of institutions, which had revolutionized the Indian financial markets. QUESTIONS FOR DISCUSSION 1. Analyze the case, using SWOT. 2. Comment on the strategies used by the bank for penetrating the Nagpur market. 3. Suggest strategies for sustenance and growth of the bank in view of the changing scenario of the Nagpur region. Section II Answer Any Six: 1. Explain buyers credit and suppliers credit by giving examples of each type of credit. Also explain with a case study. 2. What is correspondent banking? Explain briefly the services......

Words: 778 - Pages: 4

Banking Management - What Is Market Segmentation Why Is It Important to Advertisers How Is It Useful for Banking

...mbacasestudyanswers.com ARAVIND – 09901366442 – 09902787224 Banking Management CASE-01: BANKING ON RELATIONSHIP The birth of ABC Bank took place after the RBI issued guidelines for the entry of new private sector banks in January 1993. Subsequently, the promoter of ABC Bank sought permission to establish a commercial bank and retained KPMG, a management consultant of international repute, to prepare the groundwork for establishing a commercial bank. The Reserve Bank of India conveyed its approval in principle to establish ABC Bank on February 11, 1994. Thereafter, the Bank was incorporated under The Companies Act in September 1994. The bank started its operations in November 1995. The ABC Bank was promoted by the tenth largest development bank in the world, which had a magnificent record of promoting world-class institutions in India. The promoter was a strategic investor in a plethora of institutions, which had revolutionized the Indian financial markets. QUESTIONS FOR DISCUSSION 1. Analyze the case, using SWOT. 2. Comment on the strategies used by the bank for penetrating the Nagpur market. 3. Suggest strategies for sustenance and growth of the bank in view of the changing scenario of the Nagpur region. Section II Answer Any Six: 1. Explain buyers credit and suppliers credit by giving examples of each type of credit. Also explain with a case study. 2. What is correspondent banking? Explain briefly the services......

Words: 778 - Pages: 4

Project Management - What Is the System What Are Its Key Elements and Subsystems What Are the Boundaries and How Are They Determined What Is the Environment

...PROJECT MANAGEMENT Case 1   Disaster Recovery at Marshall Field’s (Another Chicago River Story) QUESTIONS Q1. In what ways are the Marshall Field’s flood disaster recovery effort a project? Why are large-scale disaster response and recovery efforts projects? Q2. In what ways do the characteristics of crisis management as described in this case correspond to those of project management? Q3. Who was (were) the project manager(s) and what was his or her (their) responsibility? Who was assigned to the project team and why were they on the team? Q4. Comment on the appropriateness of using disaster recovery efforts such as this. Q5. What form of project management (basic, program, and so on) does this case most closely resemble? Case 2  Flexible Benefits System Implementation at Quick Medical Center QUESTIONS Q1. What form of project management (basic, program, and so on) does this case most closely resemble? Q2. The project manager is also the director of FS, only one of the departments that will be affected by the new benefits system. Does this seem like a good idea? What are the pros and cons of her selection? Q3. Comment on the team members’ part time assignment to the project and the expectation that they give the project top priority. Q4. Much of the success of this project depends on the performance of team members who are not employed by Quick, namely the HBS consultants. They must develop the entire hardware/software benefits system. Why was an......

Words: 572 - Pages: 3

Software Management - What Is the System What Are Its Key Elements and Subsystems What Are the Boundaries and How Are They Determined What Is the Environment

... ARAVIND - 09901366442 – 09902787224 Software Management 1. Explain in detail the phases involved in the Waterfall model. 2. A software package is to be designed and build to assist in software cost estimation. It will input certain parameters and produce initial cost estimates to be used at bidding time. a. It has been suggested that a software prototype would be of value in these circumstances. Explain why this might be. b. Discuss how much prototyping could be controlled to ensure that it is conducted in an orderly and affective way and within a specified time span 3. Differentiate between principles of Conventional Software Engineering and Modern Software Management. 4. The application of risk management to software development projects has been strongly advocated. In practice, however, managers are often reluctant to apply the techniques. What do you think might be the reason for this 5. On a large project it is often be the responsibility of a team leader to allocate tasks to individuals. Why might it be unsatisfactory to leave such allocations entirely to the discretion of the team leader? 6. What do you mean by Work Breakdown Structure (WBS). Explain it in detail 7. Explain in detail COCOMO Cost Estimation Model. 8. If you were asked as an expert to provide an estimate of the effort needed to make certain changes to an existing piece of software, what information would you like to hand to assist you in making that......

Words: 788 - Pages: 4

Material Management - What Is Wealth, and How Is It Created What Is Value Added and How Is It Achieved Explain with Examples

...ASSIGNMENT SOLUTIONS, PROJECT REPORTS AND THESIS aravind.banakar@gmail.com ARAVIND - 09901366442 – 09902787224 MATERIAL MANAGEMENT 1. What is the objective of marketing? What three ways will help it achieve this objective? 2. For the following data, calculate the number of workers required for level production and the resulting month-end inventories. Each worker can produce 9 units per day, and the desired ending inventory is 800 units. Why is it not possible to reach the ending inventory target 3. What is a scheduled receipt? From where does it originate? 4. What are the two ways of balancing capacity available and load? Which is preferred? Why? 5. A company is negotiating with a potential supplier for the purchase of 10,000 widgets. The company estimates that the supplier’s variable costs are $5 per unit and that the fixed costs, depreciation, overhead etc., are $5000. The supplier quotes a price of $10 per unit. Calculate the estimated average cost per unit. Do you think $10 is too much to pay? Could the purchasing department negotiate a better price? 6. What action should be taken when unacceptable error is found in tracking a forecast? 7. How do each of the following influence inventory decisions? a. Lumpy Demand b. Minimum orders c. Transportation Costs d. Multiples 8. Why is stock location important in a warehouse? Name and describe four basic systems of stock location? 9. A company has an......

Words: 1021 - Pages: 5

Human Resource Management - What Should Vijay Do How Would You Rate Dinesh’s Behavior What Method of Appraisal Would You Use Why

...banakar@gmail.com ARAVIND - 09901366442 – 09902787224 HUMAN RESOURCE MANAGEMENT 1. What mad the MD change his mind and go against Maniyam? What role might the VP-HR have played in the episode? 2. If you were Maniyam, what would you do? 1. What should Vijay do? 1. How would you rate Dinesh’s behavior? What method of appraisal would you use? Why? 2. Do you assess any training needs of employees? If yes, what inputs should be embodied in the training programme? 1. In the case of the Indane Biscuits, bring out the importance of ‘context’ and ‘credibility’ in communication. 2. List the direct and indirect causes for the escalation of tension at Indane Biscuits. 3. If you were the Personnel Manager what would you do? 1. Bring out the principles of promotion that were employed in promoting Jaggu 2. What would you do if you were (i) Suresh, (ii) Prahalad or (iii) Ravi? 3. Bring out the ethical issues involved in Jaggu’s behavior. 1. Do you agree with the conclusion drawn at the end of the case that scorecard system has galvanized ION Tires? In other words, does scorecard system deserve all the credit? 2. Will quality improvement initiatives clash with scorecard implementation? If yes, how to avoid the clashes? HUMAN RESOURCE MANAGEMENT 1. Assumes that you are an HR executive for a company that......

Words: 819 - Pages: 4