MGM102H5 Chapter Notes - Chapter 2: Accounts Payable, Goal Setting, Human Resources
Document Summary
Chapter 2: organizational change and innovation (cid:862)a leade(cid:396)"s jo(cid:271) is less a(cid:271)out getti(cid:374)g th(cid:396)ough the (cid:272)u(cid:396)(cid:396)e(cid:374)t sto(cid:396)(cid:373) a(cid:374)d (cid:373)o(cid:396)e a(cid:271)out e(cid:374)a(cid:271)li(cid:374)g people to (cid:374)a(cid:448)igate the o(cid:374)goi(cid:374)g se(cid:396)ies of sto(cid:396)(cid:373)s. (cid:863) If small changes can cause uneasiness, large changes can cause considerable stress. Demassification consumer groups becoming segmented into smaller, more specialized groups. This can produce big profits: competitors offering specialized solutions, require we get our products to market faster. Companies offering a broad range of products or services are facing intense pressure from competitors offering specialized solutions. Beating them to the punch by planning speed-to-market strategies: some companies are unable to survive disruptive innovation. Some traditional companies may not survive radical change. When successful companies are confronted with giant technological leaps that transform their markets, all choices are bad ones. It"s diffi(cid:272)ult fo(cid:396) e(cid:454)isti(cid:374)g (cid:272)o(cid:373)pa(cid:374)ies to take full ad(cid:448)a(cid:374)tage of te(cid:272)h(cid:374)ologi(cid:272)al breakthroughs, i. e. digitization. China, india, and other offshore suppliers are changing the way we work.
