Leading Innovation and Change

Leading Innovation and Change

The company has come up with a sense of urgency according to Kotter’s stages, whereby the company has concentrated innovation of different commodities and new products such as light bulb envelops, Tv tubes, and optical waveguides. Innovation is the essential programs in the company because it is not only a hindrance to the traditional way of thinking but also it is a drive for change Bhatt, R. (2017). the company was initially aware of new commodities would not bring enough profits to sustain the company in the future. The company ensured that they had gone through the previous discoveries, success, and failure that came with each and comparing their appropriate practices and lessons acquired.

Change comes with having the appropriate leaders. The company came up with an organizational roadmap considering the consumers, market, competitors, strengths and weaknesses, and resources. The innovation program included the task force created by the innovators, the company history, and the advantages and resources (Goh et al., 2019). They also had a two-and-half-day innovation meeting attended by 200 company leaders. Also, the company came up with a change vision whereby after the company realized the earlier shortcomings, they decided to improve their innovations by 10% per year so that costs be reduced by half, and by making the rate twice is equivalent to doubling the spending level. The employees in the company are expected to participate in innovation training and follow guidelines provided to push product innovation. (Magny-Normilus et al.,2016). With time training has been introduced to more people in the company to offer and cement a common language for everyone in the company.

The company has created short-term wins by having learning coaches who are learning advisors in the company. The coaches are taught to be innovative project managers who join the team with other teams and urge them to share their views to collaborate. The coaches act as a bridge and cross-fertilization of population participation so as achieve goals and objectives.

References

Bhatt, R. (2017). The theoretical perspective of change management. CLEAR International Journal of Research in Commerce & Management, 8(2).

Haas, M. R., Munzer, B. W., Santen, S. A., Hopson, L. R., Haas, N. L., Overbeek, D., … & Huang, R. D. (2020). # DidacticsRevolution: Applying Kotter’s 8-Step Change Management Model to Residency Didactics. Western Journal of Emergency Medicine, 21(1), 65.

Tan, T. K., Gn, Y. M. & Goh, S. Y. (2019). ESRA19-0096 Implementing a regional anesthesia (RA) time-out procedure (TO) in our hospital: applying Kotter’s ‘8 step change management'(a management model).

Small, A., Gist, D., Souza, D., Dalton, J., Magny-Normilus, C., & David, D. (2016). Using Kotter’s change model for implementing bedside handoff: a quality improvement project. Journal of nursing care quality, 31(4), 304-309.