WEEK 6&7 TOPIC - MANAGING WITHIN FIRMS

1. Can organizations operate across the entire spectrum of innovation activities?

Indeed, they can function at all ends of the spectrum with each other's assistance
and with the right management. Every employee in the company should be creative.
They can make significant contributions to their endeavors through knowledge.

2. Explain the fundamental dilemma facing organizations and the tensions it creates.
Between the demand for stability and the need for innovation, there is an innate
conflict. To do their everyday activities as quickly and efficiently as possible, it is
obvious that consistency and consistent routines are needed. So, the business has
the ability to compete with others. High levels of control and efficacy are necessary
for the organization's everyday activities. They seek a nurturing, creative setting
where they may experiment and polish their concepts. The primary tension that
enterprises experience is long-term survival. It's all about control, efficiency,
productivity growth, and variation reduction when it comes to exploitation.
Exploration is more about looking, being independent, making discoveries, accepting
variance, and coming up with new ideas. Ambidexterity is the ability to do both.

3. Discuss the impact on the firm of changes in architectural knowledge and

component knowledge.

Henderson and Clark distinguish between two distinct degrees of technological

knowledge. The first dimension is known as component knowledge, and the second
dimension is connection knowledge, which they refer to as architecture knowledge.
While architectural knowledge remains constant, certain components of modular
innovations require fresh understanding. The connection between the components
and architectural knowledge is very important.

4. Explain how management tools for innovation may help a firm regain its innovative
performance.

Using brainstorming techniques and concept management techniques to ensure that

they select the most original and creative ideas, management tools can assist a
company in regaining its innovative performance. Monitoring the life cycle of
products to find creative ways to cut it short without reducing the quality of the
product can help businesses get out of a creative rut by assisting them in prioritizing
customer needs and enhancing creativity. In order to increase the company's
innovation, effective project management aids the organization in identifying and
implementing management principles.
5. Explain how organizational characteristics can facilitate the innovation process.

Organizational traits such as "growth orientation" innovate the method since they are
committed to the long term instead of focusing on the short term. Businesses that
want to expand are more likely to be interested in innovation than businesses that
don't. Organizational history and innovation expertise are regarded as being
essential to the firm's technical prowess because they promote universal acceptance
of the need for innovation. External links necessitated constant external scanning by
all other company members, not just senior management, due to vigilance and
external links. This action might be institutionalized in part. Technology commitment
and R&D-intensive innovation demand patience in waiting for ideas to grow and take
root. Commitment is required for intellectual input from science, technology, and
engineering. The concepts that appear to have the most potential need more
funding. Accepting risk is not the same as being willing to gamble. It denotes a
desire to thoroughly explore options that include risk. This includes having the skills
necessary to manage and evaluate a portfolio of projects. Within the organizational
structure, coordination and cross-functional cooperation are desirable, as is the
capacity for resolving annoyance. mutual respect and a desire to work together.
Receptivity is the capacity to recognize, understand, and utilize external technology
to one's advantage. The importance of slack in allowing people to experiment,
ponder, discuss ideas, and be creative is stressed by space creativity. Strategic
planning and technology selection are strategies for innovation. When a product
needs specific knowledge and a mix of talents to promote cross-fertilization, this is
known as the coordination of a varied range of skills.

6. Explain the key individual roles within the innovation process and the activities
they perform.

Since individuals perform a variety of responsibilities, they play important roles in the
innovation process. They are known as "mad scientists" because they develop new
technologies or have innovative ideas. The technical/commercial/scanner gathers
enormous amounts of data from outside the organization through networking. They
cross boundaries because they are engaging in personal networking and
establishing connections. By way of publications, conferences, colleagues, and other
companies, gatekeepers are kept up to date on relevant breakthroughs from the
outside world. The individuals who market their ideas and take the risk of acquiring
resources are known as product champions. Team motivation and leadership are
essential for a project manager. balances organizationally beneficial project
objectives. The sponsor is the one who grants them access to the organization's
power base and assists them in obtaining what they require from it.