Executive Summary MBA 580 Innovation/Strategy High Performance Org Southern New Hampshire University 02:27:52 GMT -05:00 Continuous innovation involves companies making constant improvements to the products, services, or technologies that they are responsible for (White, 2020). The automobile...
, Continuous innovation involves companies making constant improvements to the products,
services, or technologies that they are responsible for (White, 2020). The automobile sector is a
market that requires continuous innovation to keep updated with the technology available to
customers and the consequent demands of those same customers. An approach to apply
incremental innovation has been formulated, and as a middle manager, I have been assigned the
task of leading a cross-functional team that is concentrated on carrying out the IoT innovation
project. This report is a guideline for the team moving forward, summarize organizational
changes to support continuous innovation, and review potential roadblocks to making the
company more innovative
Recommendations:
Some recommendations made to the organizational structure is to look at our tall matrix and start
removing that barrier of communication and executive decision making from those at the upper
level. The modifications will improve management, employees, and executive communication
and cooperation and the change will also include communications and cross-functional teams.
With the help of their teams, department heads will now be able to handle some of the decision-
making tasks that typically fall to executives who are expected to make all the decisions.
Executives within the company will encourage and support innovation, which will eventually
inspire employees to be creative and take calculated risks to move their projects forward
fearlessly.
By utilizing the stage-gate process, we will be able to figure out whether the project will move
further or not. If it turns out that the project does not need to proceed, we will have gained
knowledge and experience and will be better prepared to approach the beginning of a new
02:27:52 GMT -05:00
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller newage. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
