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Innovation, Design and Creativity for a Competitive Advantage

a. How would you identify and characterize the roles of incentives, training, and education in promoting innovation in your organization?
b. What is the role of leadership in creating, managing, and sustaining innovation in your organization?
c. What are the ethical implications of an individual reward system? Support your answer.
d. Would you describe your organization as innovative or non-innovative? Why? Explain your answer.

FOR this Question, please look at a Company that may be in the Import/Export field.

Solution Preview

//Before writing about the importance of the training, incentives and the role of leadership in innovation in the organization, we have to choose a company that is involved in the import/export field. With this, we will also write about the different aspect of the company.

In a networked economy, innovation, creativity and design endow the organizations with competitive advantage. Creativity involves identification of problem area and generation of new ideas at the same time. Innovation is the selection, development, and commercialization of ideas. Innovation states not only about implementing new ideas, but also about coming up with new ideas.

The design also proves to be the key differentiator. The companies must be equipped to get the design from the inside out, so that the creative and innovative culture can be promoted in the organizational strategy and consequently harvest these benefits in the whole business. All of the three thus provide the organization with an upper hand on its competitors and enable them stand ahead of them (Prasad, 2007).

//After discussing the organization and the element of the organization, we will discuss the role of leadership and incentive & training in promoting innovation. After it we will write the Role of leadership in creating, managing and sustaining innovation. I am just providing a brief introduction about these elements so that you can understand it clearly. You can add more in this portion, for example:

Incentives, training, and education of the employees play the key role in promoting innovations in the ...

Solution Summary

The 675 word cited and referenced solution includes a good discussion of innovative ideas for companies in the current networked world. Also included is an example about a particularly innovative company with narrative about its effectiveness.

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