The paper analyzes the importance of technology, innovation, and its effect on organizational strategy. It discusses how organizations should respond to maximize benefits and competitive advantage. The paper also explores various theories and provides an in-depth analysis of their applications in different organizational structures.
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Running head: BUSINESS MANAGEMENT AND STRATEGIC MANAGEMENT BUSINESS MANAGEMENT AND STRATEGIC MANAGEMENT Name of the Student Name of the University Author Note
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1 BUSINESS MANAGEMENT AND STRATEGIC MANAGEMENT Summary of the paper: The paper analyses about the importance about the importance of the technology, innovation and its effect on the organizational strategy. It also describes how organization should respond to it in order to maximize the benefits of the technological innovation and ensure benefits along with the competitive advantage in the market. The paper has discussed about the various important theories in this context and also provided an in-depth analysis of the applications of these theories with reference to various organizational structure relevant to this analysis. According to the article, although previous investigation conducted on the incumbents’ responses related to the disruptive technologies recommend the demand homogeneity, many firms, which also includes multinational enterprises (MNEs), need to look for effective alternative and they should respond to the technological disruption, especially in the context of the heterogeneous markets.Inordertoaddressthegapexistedbetweenthetheoreticalconceptandactual understanding, the paper study various methods that Ericsson opted for responding to the adoption of the Cloud computing, which is basically an advanced digital platform technology, across various countries where its operations are established. Ericsson is present in more than 170 countries. The paper also reveals the necessity of the incumbents to establish match between the diverging customer demands and the complex innovation process. It includes various approaches which includes experiments and trials, deployment strategy, and ecosystem development. The paper also reveals that in order to achieve the success of incumbents’ responses, organizations should enhance the capability for misalignment, which assists them in managing the inconsistencies if there is any in the strategic direction, structure, and resource configuration which is often associated with the complex innovation process.
2 BUSINESS MANAGEMENT AND STRATEGIC MANAGEMENT 4A "Fit between organizational elements is said to enhance performance because it provides employees with clear direction bout appropriate actions and behaviours, it aligns different operational elements so that they reinforce one another and it helps to maintain a coherent image of the organization both internally and externally (Miller, 1992; Nadier et al 1997; Porter 1996, et al). After reading the paper, do you still agree with the statement above? How does the paper contribute to the "fit" idea? According to the research paper cited in the article by the author, Fit between the organizational elements is of great importance as it enhances the performance because according to the authors of the research paper, it helps employees in identifying clear direction which assist them in decidingappropriate actions and behaviours and when this is achieved it aligns with different operational elements in such a way that it support one another and it provides the context for establishing a coherent imagenot only internally, but externally as well which is extremely important for the organization. However the paper seems to contradict this view and the paper present a new view on this context. This new recommendation of the paper establish the fact the author is not satisfied with the results of the previous research and hence recommend a new approach along with enhanced explanationfortheresearchfinding.Henceafterreadingthepaper,thereseemstobea contradiction between what is learned from the paper and what is described in the statement in this context. The author makes it clear that although previous research suggest to establish fit between the environment and the organizational strategy if the organization intend to establish excellence in the performance in the market which is complex and dynamic in terms of the marketing setting, internal fit within the organization is not only necessary but essential requirement as well, it is not always applicable. In fact this strategy is not effective in the heterogeneous markets. According to this paper, when firms require to considers disruption and respond to it, it is important to analyse whether the organization is fit for the environmental requirements which is often contradictory in
3 BUSINESS MANAGEMENT AND STRATEGIC MANAGEMENT nature and in this context the value of the internal fit is reduced and misalignment capability seems to be more important as it manages the market requirements with more efficiency. Along with that misalignment capability integrates appreciation and also nurture versatility which is an important characteristic of the complex and dynamic market. In comparison with the previous research, which considers unified strategic approach as an important organizational strategy, this paper does not consider it as an effective strategy, in fact this paper mention that strategic integration might oppose the approach of expanding the available range of options for the firm and offer an enhanced and improved consumer experience. The paper also makes it clear that the best fit approach is not as effective as there might be requirement for differentstrategyfordifferentresourceconfigurationsrequiredfordifferentunitsinthe organization.Thepaperhencesuggestsacombinedredeploymentstrategyinsteadofthe contingent-fit approach to deal with the complex environments.
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4 BUSINESS MANAGEMENT AND STRATEGIC MANAGEMENT References: Al-Haddad, S., & Kotnour, T. (2015). Integrating the organizational change literature: a model for successful change.Journal of Organizational Change Management,28(2), 234-262. Alvesson, M., & Sveningsson, S. (2015).Changing organizational culture: Cultural change work in progress. Routledge. Cameron, E., & Green, M. (2015).Making sense of change management: A complete guide to the models, tools and techniques of organizational change. Kogan Page Publishers. Kaufman, H. (2017).The limits of organizational change. Routledge. Lewis, L. (2019).Organizational change: Creating change through strategic communication. Wiley-Blackwell.