The Importance Of Innovation Architecture - 1658 Words

The Importance of Innovation Architecture â€Å"Innovation generally refers to changing processes or creating more effective processes, products, and ideas (Business, 2017). Innovation mean to put in to place new ideas, generating powerful products, or improving your existing services (Business, 2017). Innovation can be a spark for the growth and success of a company, and help them to adapt and grow in the marketplace† (Business, 2017). Innovative is not only inventing, but changing your business model and adapting to changes in your environment to deliver better products or services. Successful innovation should be an in-built part of your business strategy, where you create a culture of innovation and lead the way in innovative thinking and†¦show more content†¦The cultural template in the pass will not work now (Krishnamoorthy, 2015). A new cultural template was made. This template was call the GE Beliefs. These beliefs are â€Å"customers determine our success, s tay learn to go fast, learn and adapt to win, empower and inspire each other, and deliver results in an uncertain world† (Krishnamoorthy, 2015). This is a culture the employees wanted to see implemented. All operating rhythm will have to be more agile, responsive, nimble, and focused (Krishnamoorthy, 2015). This caused the strategic planning to move from annually to quarterly. GE believes that companies should constantly examine their culture so it will not become an obstacle to change (Krishnamoorthy, 2015). Whirlpool is a successful innovation company. The company believes innovation is â€Å"the management system that drives a continuous flow of new ideas from concept to consumers† (Rapp, 2013). This company that realized they had to change their old platform from operational to a new platform called consumer focus (Norena, 2013). The consumer became the company focus. To make this happen the employees became a part of the innovation process (Norena, 2013). Innovati on was not limited to the engineers, but to everyone, and everywhere (Norena, 2013). Whirlpool looked for new ways to strengthen its position as leaders in new products, services, and business (Rapp, 2013). They were looking for ways to please the consumer so they would purchase the product, and comeShow MoreRelatedThe Importance Of Innovation Architecture1482 Words   |  6 PagesThe Importance of Innovation Architecture The importance of innovation architecture is to start with a vision and generate a company platform designed of new processes, create an open-culture and pursue a unique management system. All three of these components support and work well with innovation architecture. Google, Netflix and Ikea have built a framework designed of new company culture, management systems and process that have capitalized their business on innovation and intrapreneurship. GoogleRead MoreThe Importance Of Innovation Architecture Essay1481 Words   |  6 PagesThe Importance of Innovation Architecture The Merriam-Webster dictionary defines innovation as â€Å"a new idea, method, or device† or â€Å"the introduction of something new† (Merriam-Webster, 2016). â€Å"New† almost always means change, which is a word that often strikes fear into the hearts of those who simply like to keep things as they have always been. Companies who pursue innovation architecture must develop a culture of innovation that is deeply embedded in its DNA. 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A harsh tyrant, he was drivenRead MoreHow Technology Has Changed Our Lives1366 Words   |  6 Pagesinfluenced by its urban and natural landscape. Her mother, a geologist, was another way Weiss formed her interests the inclusion of the earth into her designs. Her educational background is in architecture, consisting of a Bachelor of Science in Architecture from the University of Virginia and a Masters of Architecture from Yale University. Some other influences of hers include the topography she encountered in her travels of Europe, including the great gardens of Italy and Spain. Weiss also worked forRead MoreInformation Technology : An Organization1049 Words   |  5 PagesInformation Technology (IT) is a critical and, oftentimes, complex component of an organization’s structure. Despite its importance, IT is often viewed as a ‘black hole’ by senior management of organizations- consuming valuable resources and asset s. Unfortunately, this mentality can greatly hinder the economic advancement capabilities and capacities of an organization. As previously indicated, IT is a critical component to both the daily and future business needs of an organization. Senior managers