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Intraprenuership and Innovation

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Discuss the relationship between creativity, intrapreneurship, and innovation. Additionally, discuss why these elements are vital to building a knowledge creating organization. Over 300 words with reference.

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Regardless of the financial backing an organization has, the true value of the organization is based on its employees and management. The ability to provide direction and motivate lies on the shoulders of management. In turn, the return on investment can lead to employees taking advantage of innovation, creativity, and intrapreneurship. The ability to train, coach, and mentor these employees is the responsibility of management and can greatly impact core domains within the organization. Below we'll discuss the relationship between creativity, intrapreneurship, and innovation. In addition, we'll discuss why these elements are ...

Solution Summary

Regardless of the financial backing an organization has, the true value of the organization is based on its employees and management. The ability to provide direction and motivate lies on the shoulders of management. In turn, the return on investment can lead to employees taking advantage of innovation, creativity, and intrapreneurship. The ability to train, coach, and mentor these employees is the responsibility of management and can greatly impact core domains within the organization. Below we'll discuss the relationship between creativity, intrapreneurship, and innovation. In addition, we'll discuss why these elements are vital to building a knowledge creating organization.

Over 300 word essay with reference.

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See Also This Related BrainMass Solution

Intrapreneurship & Organizational Structure

Because of ever growing worldwide competition and ever changing technology in the world, it is necessary for organizational leaders to promote new growth, seek out new developments, lead and manage change,encourage n and support its members during the process (Jones, 2013). Because of ever growing worldwide competition and ever changing technology in the world, it is necessary for organizational leaders to promote new growth, seek out new developments, lead and manage change,encourage innovation, then train and support its members during the entire process (Jones, 2013). Theorist divided the meaning of innovation into two main categories between incremental innovation, which occurs gradually and over time , and quantum innovation, which happens suddenly and at once (Jones, 2013). These days, many workers are encouraged to become intrapreneurs and are given the logistical and financial support to stretch out and attempt to create new products and ideas (Jones, 2013). But even to that effort, it is senior management to come up with plans and create an atmosphere for new design thinking. Leaders will have to manage these innovations through approach with cross functional and cross departmental interaction (Jones, 2013). All this is done to promote growth, innovation, collaboration, and new thought to the brainstorm process (Jones, 2013).

Reference:

Jones, G. R. 2013. Organizational theory, design, and change. Innovation, Intrapreneurship, and Creativity, Chptr 13.

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