Focus Questions for "Innovation Within the Organization"

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Focus Questions for “Innovation within the Organization”

Radical innovations are technologies that allow firm to differentiate themselves from competition and become leaders in newly developed markets. As radical innovations are speculative in nature, it is essential for firms to constantly conduct numerous research and development projects to increase the likelihood a commercially viable one is discovered.
Within the article “Innovation’s New Math,” Gary Hamel offers the innovation pipeline as a focused method for a firm to develop radical innovation projects and avoid the financial strain of having too many risky ventures operating at once. Hamel highlights the need for companies to allow communication lines for all employees to provide input on processes and technologies. In establishing such communication lines, successful ideas can be enhanced and distributed throughout the company. Hamel furthers the innovation pipeline by keying on creating internal competition among segments of the business. Hamel believes firms should set aside funds
Prahalad and Hamel’s article “The Core Competence of the Corporation,” serves as a distinctive guide for managers to enhance their company’s core competencies.
The article highlights strategic architecture as a primary driver in augmenting core competencies. Through strategic architecture managers identify their company’s core competencies and create a focus on the cultivation and enhancement of those strengths. With a clear distinction of the organization’s identity, the various components of the business are able to harmonize and create value for both customers and the company as a whole. Through this identity, managers seek to create a culture to enable team work and shared resources across all aspects of the business. With a shared vision a business is better equipped to contend with change in…...

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