Critically examine the claim that THE key to being an innovative Essay

Critically examine the claim that THE key to being an innovative organisation is R & D more expenditure equals more innovation - Essay Example e constantly engaging in research and development in order to come up with new approaches of doing things, design new products for the market, acquire new market for the products and expand business capacity to meet the current and future market demand (United Nations, 2012, p. 11). Innovation is a role of all workers in an organization. In order for an organization to be competitive in the market, it has to promote and nurture a culture of creativity among the workers and provide the necessary resources to support innovation. The organizations should have the capacity to recognize the need for innovation and support the ideas that can lead to competence of the organizations. The ideas could be small or big and they follow a particular process. Innovation requires resources including time and finances (Mazzucato, 2013, p. 84). Organizations must be willing to devote the required resources in order to achieve the expected goals. They should engage in research and development in order to explore various approaches to improving products, processes or market and implement the new ideas as their core competences for future growth. Innovation may imply the organization developed their knowledge or acquired the knowledge from another organization. Irrespective of the method, the business, used to innovate, the organization has to incur some cost in order to gain that knowledge. Innovation is an entrepreneurial role of creating a new product or processes for the market. Entrepreneurs earn profit from their innovations by establishing a monopoly (Unit 1: Lecture 1). They acquire patent rights to limit other competitors from producing and selling similar products in the same market. However, the entrepreneurs cannot prohibit the entry of competitors in the market for a long. Competitors start offering similar products with those of the entrepreneur thus limiting the potential for expansion of the business. The entrepreneurs should develop a culture of innovation in order to

Evaluate and develop an argument for or against the following Essay

Evaluate and develop an argument for or against the following statement the people process is more important than either the strategy or operations processes - Essay Example It is therefore just right to expect that nowadays, when we talk of systems and strategies, it should define a good, reliable, and flexible process. But it should be understood that we can say that most systems are just ideal when it comes to design but not in the implementation. Who makes the design work for a company Who makes the non-living ideas move for the company Isn't the answer human processes Perhaps the reason is because no matter how we try to improve the system or the strategy design, it will forever fail to recognize the maker of the design. When we talk of human processes, what comes into our mind Human processes in simple terms refer to that process in one company or group that does not take for granted the significant factors like the individuals as the main mover in a company. This process involves human's knowledge, skills and intellectual ability to be the fuel of the running company. And if the operations process is considered as the forefront of a business, human processes can be considered as the root and trunk of an organization where the lifeblood of the company flows and grows (Peoplecube 2007). Now what is being argued in this paper is the advantage of human processes over the strategy and or operations processes. ... Humans at that time took control of technology in the form of design engineers. Companies considered human factor as an indispensable thing to be considered because that was the area that can either make or break a product's use. Through the design for example, a product can either benefit or pose a threat to the user. When an engineer designer makes a wrong move in his masterpiece, that product can annihilate group of individuals in just a snap of one's fingers. That was also the time when usability testing became part of certain processes. Usability testing enables the first hand users to test what is working and what is not to a certain product. This whole idea of human factor causing a glitch to the company's process maybe blamed for giving birth to the concept of processes becoming more significant than the processor. This can then lead us to thinking that perhaps, that's also the same reason why software was invented by scientists, perhaps to avoid the human factor defects (Use rnomics 2005-2007). But then again, since we are talking about human processes as a thing of significance than that of operations processes, it is good for us to look at proper managing of human's knowledge and abilities to better see the benefits it could bring to an organization if it is trying to optimize its personnel's capabilities. Knowledge of the people is the house of new ideas and the bank of solutions to the different problems being encountered by the company. This is the reason why modern companies invest in trainings for their employees while others back or support their workers in finishing graduate degrees especially if the