Session 1 Managing Innovation and Change

Managing Innovation and
Change
HS2710
2-1-0
Course Objectives
• To make students learn how to manage Innovation and

Change in Organizations.
• To make them understand how Innovation and Change can

contribute to Business Success.
Course Outcomes
 The students will learn the Technological, Human,
Economic, Organizational, Social and other dimensions of
Innovation.
 The students will understand how to Encourage, Manage

and Implement Innovation and Change in Organization
Innovation and Change
 Are they Related?????
Yesss….
 Every Innovation implies some change in the Company….
 Change in Technology
 Change in Processes
 Change in People
 Change in Competencies
 Change in Skills
 Change in Management Techniques
Innovation
 The word “innovation” is derived from the Latin verb Innovare,
which means to renew.
 Innovation is the practical implementation of ideas that result in

the introduction of new goods or services or improvement in
offering goods or services.
 Innovation is a process by which a domain, a product, or a service is

renewed and brought up to date by applying new processes,
introducing new techniques, or establishing successful ideas to create
new value.
https://www.youtube.com/watch?v=d66MoI4GdFs&embeds_referring_euri=https%3A%2F%2F
www.reallygoodinnovation.com%2F&source_ve_path=Mjg2NjY&feature=emb_logo
Invention and Innovation
 Invention can refer to a type of musical composition, a falsehood, a
discovery, or any product of the imagination. The sense of invention most
likely to be confused with innovation is “a device, contrivance, or process
originated after study and experiment,” usually something which has not
previously been in existence.
 Innovation, for its part, can refer to something new or to a change made to
an existing product, idea, or field.
 One might say that the first telephone was an invention, the first cellular
telephone either an invention or an innovation, and the first smartphone
Examples
Invention Innovation
Lightbulb Wrinkle free cloth
Iphone launch Iphone versions
Internet Google, blockchain

television OTT
Importance of Innovation
 To increase Competitiveness,
 To strive for Price Leadership,
 Develop a strategy of Differentiation,
 Many start-ups launch their activities by developing an innovative

product or service.
Cont…….
 Increased Efficiency
 Improved Customer Service
 Increased Profits
 Improved Employee Morale
 Increased Innovation
Other approaches related to Innovation and change
• Design Thinking: Creative Problem Solving and an Iterative Process to create

products and services that are valuable and desirable.
• Lean Thinking: A Systematic Approach to problem solving, minimizing waste,
eliminating non-value added activities, and creating a continuous flow of value-
added activities.
• Agile Management: Emphasizes Flexibility and Adaptation to changing
requirements through continuous improvement and iterative development, with
frequent feedback from stakeholders.
• Kaizen: A Japanese philosophy that emphasizes continuous improvement of
processes and procedures. It is focused on small incremental changes that lead to
long-term success.
Limitations of Innovation and Change
• The cost of implementing new ideas and changes

• Time constraints
• Resistance from employees
• Rigid organizational structures and cultures
• Changes may cause disruptions to regular operations and processes,
leading to potential inefficiencies.
• Changes may not be compatible with existing systems or technologies and
require costly investments to upgrade or implement.
• It may be difficult to accurately measure the success or failure of changes.
Examples of Innovation and change
• New Product Development: Apple's introduction of the iPhone was a revolutionary
product that changed the way people interacted with their phones.
• Process Improvement & Automation: Amazon's use of robots to automate the picking
process in its warehouses is an example of process improvement and automation.
• Culture Change: Google's focus on creating a learning culture and encouraging
collaboration between teams is an example of culture change.
• Digital Transformation: Microsoft's use of cloud computing and machine learning to
automate tasks and increase efficiency is an example of digital transformation.
Thank You

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Managing Innovation and

• To make students learn how to manage Innovation and

• To make them understand how Innovation and Change can

 The students will understand how to Encourage, Manage

 Every Innovation implies some change in the Company….

 Innovation is the practical implementation of ideas that result in

 Innovation is a process by which a domain, a product, or a service is

Internet Google, blockchain

 To strive for Price Leadership,

 Develop a strategy of Differentiation,

 Many start-ups launch their activities by developing an innovative

 Improved Customer Service

 Improved Employee Morale

• Design Thinking: Creative Problem Solving and an Iterative Process to create

• The cost of implementing new ideas and changes

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