Topic
Innovation Report for Siemens
Instructions
Conduct an in-depth evaluation (using publicly available information) of the organization Siemens and prepare a 2400 word Innovation Report.
Structure (must use academic theory):
1. Introduction
2. The business case for innovation
a. Provide justification for prioritising innovation in the organisation.
3. Leadership challenges
a. What are the main leadership challenges facing the organisation? What can be done to overcome them?
b. Use theoretical frameworks from the module content to write this section.
4. Innovation challenges
a. What are the main challenges the organisation is facing in relation to
innovation? What needs to change?
b. Use theoretical frameworks from the module content to write this section.
5. A framework for innovation
a. What are the organisational priorities in relation to leadership and innovation? Provide your recommendations to address the organisational challenges you identified in the sections above.
6. References
7. Appendices (Optional)
Guidelines:
1. All ideas/strategies must be analysed.
2. Identify the conditions under which the particular idea/initiative/strategy has been effective and ineffective (e.g. type of organisation, size of organisation, country, organizational communication etc.). This will help you make the inference as to whether the idea will work in your organisation or not, and also to make recommendations about what should be done to make its implementation effective.
3. While reading journal articles, also pay attention to other effective ideas that are mentioned there that are not part of the list given to you. You may be able to include them in your recommendations.
4. All the arguments that you make must be supported by academic theory.
Words: 2400
References: 18 references minimum (Harvard).
Answer preview
Innovation is a crucial strategy for a company to exploit the potential it has in the form of technological advancements. The high-value output of a company is critically determined by the innovation plans the company implements. Additionally, appropriate innovation puts a company in a commanding position ahead of its competitors hence high productivity (Damanpour and Schneider, 2008). The dynamics of a company defines policies a company holds towards technological advancements and as a result, the decisions made significantly influence the choice of innovation a company pursues. Of course, new products development depend on the digital endeavors the company adopts. Unarguably, innovation is fundamental in creating an invention that satisfies the customers’ needs. For innovation to be worth, it must be economical to the company as well as the consumers (Damanpour and Schneider, 2008).
Word count: 2785