Professional Documents
Culture Documents
Furthermore, the study discusses the role of adaptive culture in fostering collaboration and
communication. It explores the challenges of organizational change and the importance of creating a
culture that supports collaboration and open communication.
In summary, the study provides insights into the complexities of inter-functional collaboration,
innovation communication, and the role of organizational culture in fostering a conducive
environment for innovation. The competing values framework is introduced as a tool to understand
and address communication challenges within organizations.
Another section discusses the strategy of open innovation as a means for organizations to acquire
inventions or intellectual property from external / Open sources that match their strategy and
business model.
Open innovation has been employed by high-technology firms to reduce R&D costs, minimize risk,
accelerate time to market, and enhance competitiveness. Successful open innovation involves both
internal and external distribution through collaborative networks or ecosystems along the supply
chain.
R&D and marketing personnel often draw demarcation lines due to differing backgrounds and
orientations. This creates challenges in achieving effective organizational integration. Adaptive
culture plays a crucial role in knowledge management and the implementation of an open
innovation strategy. Open innovation requires organizational change, and barriers to change
include passive and active resistance. Creating a culture that supports collaboration and open
communication is essential for fostering competitiveness.
Adaptive cultures facilitate integration, cooperation, trust, and mutual commitment across
functional boundaries. Lateral communication in organizations with adaptive cultures is effective in
supporting inter-functional coordination. The concept of "cross-functional competition" involves
balancing cooperation and competition within firms. Adaptive cultures are associated with
promoting learning and innovation in organizations.
In global organizations, intercultural competence is essential for dealing with global teams and
expatriates. The study emphasizes the importance of cosmopolitan communicators who show
respect for all cultures and possess behavioral flexibility, cognitive complexity, mindfulness, and
rhetorical sensitivity.
Overall, the study advocates for the importance of adaptive culture, effective communication, and
inter-functional coordination in fostering open innovation and organizational competitiveness. The
Cultural Values Framework for Communication Competence (CVFCC) is proposed as a tool to
improve discourse, coordination, and innovation communication, thereby enhancing organizational
effectiveness.
The text discusses the application of the Competing Values Framework for Corporate
Communication (CVFCC) in understanding communication dynamics within organizations,
particularly in the context of innovation and open innovation. The CVFCC, adapted from Cameron et
al. (2006) and Quinn (1988), identifies four quadrants: Collaborate, Control, Compete, and Create.
These quadrants represent different message orientations and roles within the organization.
The Collaborate and Control quadrants focus on internal resources and capabilities, while the
Compete and Create quadrants are geared toward external requirements and customer needs.
The framework highlights the unique interests and objectives of each quadrant, encouraging
communication responses that consider the interdependence among different domains of corporate
communication.
The emphasizes the roles of functional groups, such as Research and Development (R&D),
Operations, Marketing, and Finance, within the CVFCC. Every department has its own value addition.
R&D, responsible for innovation, is characterized by creative and change-based work. Operations
create value by responding to changes in the business environment and fostering adaptive
processes. Marketing pays close attention to the marketplace and customer needs. Finance deals
with financial activities and regulatory compliance.
The modified CVFCC provides a model for understanding the tensions associated with
collaboration and competition, creation, and control. It illustrates communication roles that must
be assumed by organizational leaders to address diverse stakeholders. The text also discusses the
importance of adaptive culture, flexibility, and consistent communication for successful innovation,
especially in the context of open innovation.
In summary, this chapter proposes that increased collaboration through communication, coupled
with the development of processes and projects, creates a sustainable competitive advantage for
innovative organizations. The CVFCC is presented as a valuable tool to identify roles, relationships,
and communication patterns for successfully commercializing technology through open innovation.
Further scope in this research is to explore the relationship between organizational design,
technology, coordination modes, and innovation communication processes.
PAPER BODY
INTRODUCTION
Business Operations:
Finance:
3. Investor Relations:
Social media plays a pivotal role in financial communication, providing
companies with a direct channel for engaging with investors and
stakeholders (Kim, A. J., & Ko, E., 2012, "Do social media marketing
activities enhance customer equity? An empirical study of luxury
fashion brand," Journal of Business Research, 65(10), 1480–1486).
Platforms like Twitter and LinkedIn are utilized for timely updates,
financial disclosures, and building investor trust (Kim & Ko, 2012).
Marketing:
5. Communication Integration:
Social media integrates internal and external communication, creating a
cohesive communication strategy across various business functions
(Dijkmans, C., Kerkhof, P., & Beukeboom, C. J., 2015, "A stage to
engage: Social media use and corporate reputation," Tourism
Management, 47, 58–67).
Businesses utilize platforms to communicate with both internal teams
and external stakeholders, ensuring a consistent and transparent flow
of information (Dijkmans et al., 2015).
Conclusion:
In conclusion, the literature indicates that social media significantly impacts various
facets of business operations. It enhances communication and collaboration in
internal functions like operations and R&D, influences financial communication with
investors, and plays a crucial role in marketing for brand building and customer
engagement. The integration of internal and external communication through social
media is identified as a key factor in modern business strategies.