MGM102H5 Chapter Notes - Chapter 3: Cross-Functional Team, Organizational Ecology, Disruptive Innovation
Document Summary
Chapter 3- managing innovation and change- textbook notes. Paradigm shifts: paradigm shift- occurs when a new technology or business model comes along that dramatically alters the nature of demand and competition, most likely in industry when one or more of following conditions are in place: 1. natural limits to technology: the established technology in the industry is mature and approaching or at its natural limit, technology s curve shows the relationship over time between cumulative investments in. Initially these technologies served such small market niches that they seemed unlikely to affect company revenues and profits. Organizational inertia: organizational inertia- internal and external forces that make it difficult to change the strategy or organization architecture of an enterprise and these forces include: Organizational change: four steps in successful organizational change process: Management- building a top management team that is committed to change effort helps consolidate power and authority in key change agent, the leader.
