The Importance of Innovation Architecture - 1861 Words

The Importance of Innovation Architecture Grand Canyon University: ENT-435 11/16/2014 Here is a reminder from the syllabus about the assignment requirements: For this assignment, you will research the innovation architecture of at least three companies that are well-known for successfully supporting a culture of innovation. Write a 1,500-word paper that addresses the following: 1. What particular elements of each organization’s culture, processes, and management systems and styles work well to support innovation? 2. Why do you think these organizations have been able to capitalize on innovation and intrapreneurship while others have not? 3. Based on what you have learned, what processes and systems might actually†¦show more content†¦In addition, I will review how certain processes and systems could hinder innovation. Lastly, I will explain what organizational structures or processes could foster a culture of innovation at my present employer. [Good work suggesting the scope and purpose for the assignment. I’ll look to see how you make your points including your research and support for your analysis.] Google, Inc. is a corporation that is known for innovation and amazing leadership practices. Google’s greatest innovation may actually be its managerial practice. Google is not led by a single CEO, but by a team that gives it immense strategic and management strength. (Nussbaum, n.d.) Engineers at Google are able to work on their ongoing projects 4 days out of the 5 day work week, and one day a week is designated for potential ideas of their own choice. (Sawyer, 2009) Google has innovation reviews, where each executive presents the most promising ideas from within his own division. The CEO is at these innovation reviews to listen to these innovative ideas. Another way to ensure that some of these ideas have the opportunity to be developed is to allow the engineers to work on these ideas for more than one day a week and in some cases full time. Allowing time to be creative and develop ideas is embracing the art of innovation andShow MoreRelatedThe Importance Of Innovat ion Architecture1482 Words   |  6 PagesThe Importance of Innovation Architecture The importance of innovation architecture is to start with a vision and generate a company platform designed of new processes, create an open-culture and pursue a unique management system. All three of these components support and work well with innovation architecture. Google, Netflix and Ikea have built a framework designed of new company culture, management systems and process that have capitalized their business on innovation and intrapreneurship. GoogleRead MoreThe Importance Of Innovation Architecture Essay1481 Words   |  6 PagesThe Importance of Innovation Architecture The Merriam-Webster dictionary defines innovation as â€Å"a new idea, method, or device† or â€Å"the introduction of something new† (Merriam-Webster, 2016). â€Å"New† almost always means change, which is a word that often strikes fear into the hearts of those who simply like to keep things as they have always been. Companies who pursue innovation architecture must develop a culture of innovation that is deeply embedded in its DNA. Otherwise, ideas will perish from malnourishmentRead MoreThe Importance Of Innovation Architecture1658 Words   |  7 PagesThe Importance of Innovation Architecture â€Å"Innovation generally refers to changing processes or creating more effective processes, products, and ideas (Business, 2017). Innovation mean to put in to place new ideas, generating powerful products, or improving your existing services (Business, 2017). 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