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Adopted Innovations

In: Business and Management

Submitted By mariantoniou
Words 562
Pages 3
EXERCISE

* Is there any compatibility between adopted innovations and the selection of a business action by a small –medium enterprise? In other words innovations implemented in company, a) make the desired grade of change at company level and/or b) produce the value desired in the environment?
The actions that a business selects are always dependable on the potential of the company. Before a business plans how to proceed with a new action, it has to research its potential and the already adopted innovations so as to find a way to break new ground. In doing that, it makes the desired grade of change at a company level and produce the value desired in the environment.

* P. Drucker supports: In order to be able to innovate, a company should separately organize the new from the old and existing. Do you agree or not and why?
The above statement suggests that in the process of innovating, the company should act independently of what it used to do. Drucker suggests that in trying to implement a new form of things in a company, either this is a product or service, they should not take into consideration the old form and the existing one. Whether acting on a totally new platform is beneficial or not depends on several factors, the most important one being the potential of the company. Implementing an innovation needs the necessary promoting strategies which in turn depend on strong financial resources. Large enterprises can rely on it for their innovation to succeed. They do that firstly by research and development, marketing and any other strategy they can call to arms. Taking all these measures, reduces the uncertainty of innovation. Therefore, larger companies can indeed more easily deviate from old and existing forms. On the other hand, for small-medium businesses uncertainty is greater since they cannot rely on such resources to

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