StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Innovation and Global Strategy - Assignment Example

Cite this document
Summary
Critically examine the need, challenges, potential benefits and ways of attaining organisational ambidexterity Table of Contents Introduction 3 Overview of ambidexterity 3 Exploitation & Exploration 4 Exploration 4 Exploitation 5 Temporal Ambidexterity 5 Synchronous ambidexterity 6 Simultaneous attainment of exploration & exploitation 7 Structural ambidexterity 7 Contextual ambidexterity 7 Inter-firm ambidexterity 8 Imbalances between exploration and exploitation 8 Strategies to mitigating tension between exploration and exploitation 9 Conclusion 9 Reference List 11 Introduction The modern business world is evolving rapidly and innovation plays the most critical role in supporting market perf…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.4% of users find it useful
Innovation and Global Strategy
Read Text Preview

Extract of sample "Innovation and Global Strategy"

Download file to see previous pages

Different alternatives have been proposed by scholars that help in achieving reconciliation between exploitation and exploration at the operational level (Blarr, 2012). Yet, there is no such literature that provides a concise and clear understanding of the phenomenon how organizations develop ambidexterity capability. In this paper is has been studied how organizations use the processes of exploitation and exploration. This study leads to the discussion of how a balance can be practically achieved between the two strategies.

Overview of ambidexterity Organizational ambidexterity is a term that refers to the ability of an organization to manage its business efficiently in the current business scenario and become adaptive to the changing environment so as to cope with the change in demand with time (Andriopoulos and Lewis, 2009). In the literal meaning of the term, ambidexterity is the skill of using the left as well as the right hand equally. In business terms, ambidexterity is the skill that all organizations need to develop to become successful in the competitive business world.

Organizational ambidexterity allows the firms to use the skills of exploitation as well as exploration equally (Wang and Rafiq, 2009; Mom, Bosch and Volberda, 2009). Several terms are related to the development of ambidextrous organization. These aspects are organizational design, knowledge base of the organization and capability to learn, organizational adaptation, technological innovation and strategic management (Dyer and Nobeoka, 2000). Use of exploration and exploitation are two most relevant methods that allow an organization to improve its knowledge base and make new innovations in future.

While a company innovates, it is imperative that it is capable of maintaining its stability (He and Wong, 2004). This implies that an ambidextrous organization should be able to exploit its current advantages and facilities and further develop upon them (Kortmann, 2012; Li, 2013). Different alternatives are provided by various scholars that help to realize the process of simultaneous reconciliation between exploitation and exploration at the operational level within a firm. However, it has not been understood fully how organizations build their ambidexterity capability (Judge and Blocker, 2008).

Exploitation & Exploration Exploration and exploitation are two concepts that are explained in terms of proximity of the knowledge that the company seeks. Exploitation activities help to locally search for knowledge that is familiar to the organization and is mature due to long history of work on this field. Exploration, on the other hand, refers to the search for such knowledge that is “unfamiliar, distant and remote” (Cantarello, Martini and Nosella, 2012, p. 29). Exploration Exploration includes various things like risk taking, bringing variation in knowledge, experimenting, building novelty and flexibility, discovering new methods, selection of the best method and its legitimisation.

This process is radical and often tends to break the

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Innovation and Global Strategy Assignment Example | Topics and Well Written Essays - 2000 words”, n.d.)
Innovation and Global Strategy Assignment Example | Topics and Well Written Essays - 2000 words. Retrieved from https://studentshare.org/management/1491434-innovation-and-global-strategy
(Innovation and Global Strategy Assignment Example | Topics and Well Written Essays - 2000 Words)
Innovation and Global Strategy Assignment Example | Topics and Well Written Essays - 2000 Words. https://studentshare.org/management/1491434-innovation-and-global-strategy.
“Innovation and Global Strategy Assignment Example | Topics and Well Written Essays - 2000 Words”, n.d. https://studentshare.org/management/1491434-innovation-and-global-strategy.
  • Cited: 0 times

CHECK THESE SAMPLES OF Innovation and Global Strategy

Global Enterprise and Innovation at Sony Corporation

Such policy recommendations include that appropriate tax and trade policies in the target of innovation and research should be adopted, encourage innovations through patenting as well as property rights and efficient commercialization and transfer of technological innovation within the country.... The paper contains segments such as the analysis of the main features of the business environment within the US, the role of government in promoting innovation.... Besides, the report shows a business environment that is in need of a proper framework to encourage investment in research and innovation by small and large firms through such incentives as credit facilities and ensuring a favorable business environment by the government (American Chemical Society, and, 1-2)....
9 Pages (2250 words) Case Study

Innovative Behavior by Organisations

Likewise, innovation is a better criterion for the organization's success than knowledge management or the changing global landscape.... The purpose of the study is innovative behavior by organisations.... Large firms can easily innovate as compared to smaller firms.... Large firms have more capital to infuse into innovative changes because many smaller firms lack the money to invest in many innovative changes....
9 Pages (2250 words) Literature review

Strategy Management - Innovation, Business Strategies

The paper "strategy Management - Innovation, Business Strategies" highlights that rational planning if linked with a tight mechanism of control and systems, the result will be inflexible, hierarchical organization with a resultant stifling with ideas and damping of innovative capacity.... In the era of global unification, the emergence of new knowledge and technology also increases the dilemma of managers knowledge-based innovation is very risky because of the long lead times involved....
7 Pages (1750 words) Assignment

Technological Change and Innovation in Business

This strategy of utilizing local technology, market intelligence, and capabilities has accorded them a potent contributor to competitive advantage: more, higher-value innovation that is also more cost-efficient (Chesborough, 2003).... Despite this, there are exceptional organizations that have managed to establish an innovative, integrated supply chain that is indeed global, permitting them to outperform their competitors through the prudent use of technological knowledge (Kotter & Heskett, 1992)....
9 Pages (2250 words) Article

Strategy,Process,Product, and Services Paper

innovation and creativity are the main driven forces of auto industry.... General Motors is a leading global company which relies on innovation and new technologies solutions.... innovation and creativity determine organizational strategy of GM and its market position.... global markets and geopolitics are rapidly changing....
4 Pages (1000 words) Essay

Organisational Forms Best Suited to Develop Innovations

innovation takes place when there is a “new element or a combination of old elements” (Schumpeter, 1934 cited in Sundbo, 2003, p.... Companies attain competitive edge through constant innovation.... This paper "Organisational Forms Best Suited to Develop Innovations" focuses on the fact that in examining the historical evolution of organisations, we are faced with interesting trends....
11 Pages (2750 words) Essay

Finance for Innovation

Venture capitalists actively invest and are involved in assisting strategy, operations, marketing, and personnel.... This paper discusses different sources of finance for innovation with a reference to a specific innovator and the impact of the recent global financial crisis on the availability of funding for innovation.... hellip; This research will begin with the definition of financial innovation as a creation of new security elements, new and interesting money management approaches, but generally, financial innovation is about a financial idea or instrument that differs what has been there before thus having the potential to be desired in the end....
10 Pages (2500 words) Essay

Strategy, Innovation and Sustainable Global Enterprise

While comparing these two companies, it is precisely that the Aravind has been positioned better in terms of strategy, innovation, and sustainability.... This paper is of great importance in the context of the global economic recession and a series of bank failures and corporate scandals over the last few years....
12 Pages (3000 words) Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us