(PDF) Job Satisfaction and Motivation

Added on - 21 Feb 2021

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ANALYSE THERELATIONSHIP BETWEENJOB SATISFACTION,COMMITMENT,MOTIVATION,EMPOWERMENT ANDBUSINESS PERFORMANCE
TABLE OF CONTENTSMAIN BODY...................................................................................................................................4INN 1.0...........................................................................................................................................4Introduction..................................................................................................................................4Categorization of innovation........................................................................................................5Area of Company's successfully innovation................................................................................5Area of Company's Unsuccessful innovation..............................................................................6Conclusion...................................................................................................................................6INN1.1.............................................................................................................................................7Introduction-................................................................................................................................7Internal factors that affects the organisational change-...............................................................7Management style- The old managers in the organisation changed by the retirement process, bypromotion, by transfer or by dismissal and new manager enters with their new ideas and the newway of working in the organisation. The all new thoughts and ideas of the management hassimultaneously affect the organisation changes..............................................................................7External factors that affects the organisational change-..............................................................7Conclusion-.................................................................................................................................8INN1.2.............................................................................................................................................8Introduction..................................................................................................................................8P1 Innovative culture...................................................................................................................8P2 various management styles.....................................................................................................8P3 Styles supporting innovation..................................................................................................9Conclusion.................................................................................................................................10INN1.3...........................................................................................................................................10INTRODUCTION-...................................................................................................................10Supportive organisational culture-.............................................................................................10Supportive managerial culture-.................................................................................................11Supportive team culture-...........................................................................................................11conclusion-................................................................................................................................11INN1.4...........................................................................................................................................12
Introduction................................................................................................................................12P1 Internal sources supporting innovation.................................................................................12P2 External sources supporting innovation................................................................................13Conclusion.................................................................................................................................13INN1.5...........................................................................................................................................14Introduction................................................................................................................................14P1 Development of good ideas..................................................................................................14P2 Encouragement of innovation...............................................................................................14P3 Example of successful innovation........................................................................................14Conclusion.................................................................................................................................15REFERENCES..............................................................................................................................16
MAIN BODYINN 1.0IntroductionMeaning of innovationInnovation is basically the procedure of of transforming the ideas or an invention intounique goods or products which can generate value and for which the consumers are willing topay. There are numerous range of innovations like innovation in product encompasses thedevelopment and the subsequent production of different goods as well as services which areeither an improvement over the previous product or is entirely different product (Raineri, 2017).Service innovation is primarily the new as well as the improved means of designing anddeveloping the services. Process innovation include a wide range of spectrum where themodifications are being made within the methodology or procedure through which a product isproduced or service is delivered. On the above of all this, market innovation constitutes theimprovement in the marketing mix utilized within the target market as well as the improvisationin the means through which they are being served.Competitive advantageCompetitive advantage is the state which ultimately allows the organisations or even acountry to develop the products of nearly same value at much lower price as well as in desirablemanner. The organizations who strives willingly for attaining the competitive advantageencounters an increase in the revenue. As through this strategy, companies produces the goodswhich are superior in comparison to their competitors, it helps them in increasing their salesvolume as more and more customers would like to buy the quality products at low price whicheventually will lead to increment in their profitability ratio as well as will help them in capturinggreater market share besides making them a leading leader of market.Link between themInnovation is the basically the prominent way of achieving the competitive advantage fororganizations. Innovation involves looking out for the new opportunities which are entirelydifferent from that of competitors like creating a unique and new customer niche. This is directlylinked to attaining the competitive advantage where these new opportunities will entice the newcustomers and will make the organization's position in the market more stronger which willeventually help them in competing efficiently. Besides this, the modifications within the product
or its development is usually done by gaining the consumer insight thus by producing the newproduct or bringing changes in the already established one will help the company to expand itsbusiness across the wide geographies and will help the organizations to achieve competitiveadvantage by differentiating their products.Categorization of innovationThere are different types of innovation namelyIncremental innovationunder this, the organizations generally uses existing technology through which theyenhance the value to consumers within the already established markets. For exampleincorporating the new features within the existing goods or products as well as removing uselessfeatures which eventually increases the user;'s experience.Radical innovationThis innovation is highly prominent one where the new industries are being created andthe existing ones diminishes and usually involves the development of revolutionary technologies.Radical innovation solves the issue s either in entirely new means or respond to the issues whichthe organizations remain unaware of.Disruptive innovationIt includes products as well as services which provides simple yet effective solution tomany issues. They often comes from the new organizations as the competitors over priced thesimpler solutions through their continuous increment.Area ofCompany's successfully innovationGoogle has innovated in the most imperative way which has eventually helped them inattaining competitive advantage. It has made its technological infrastructure more advancedwhere its recent innovation includes wearable computing glass in 2018 (Martin and et.al., 2016).This gadget was an extension over android phones as well as tablets and thus had multi utilityfeature. This new innovation within its technology increased its sale to 20% within 2 months andhelped them in their expansion. Having a reasonable price, this gadget soon became a buzzamong the consumers and attracted even the middle group individuals. This created a new nichefor Google and thus helped them in beating their competitors like Apple which ultimately helpedin attaining the competitive advantage.
Area of Company's UnsuccessfulinnovationThe Samsung's new innovation of folding phone Known by the name Fold has been asurprising failure due to the various issues faced within it. In 2017, The Fold after entering themarket has been a disaster for consumer due to its extreme heating capacity as well as lowquality I terms of battery and internal storage as compared to its high price (Han and et.al.,2016). After its launch, Samsung encountered a great decline in its new product and it wasunable to attract the customers who wanted new technological advancements in their androidphones. This eventually reduced their market share to about 10% and thus hindered their positionwithin the market and in comparison to their competitors.ConclusionIt can be summarized that innovation is the key for attaining the competitive advantagefor any organization whether big or small. Although innovation leads to capturing greater marketshare, but it depends on how productive the innovation is. Not all the new products are beneficialfor organization, some proves the a great disaster thus having an effective strategy for bringingchange in product or producing new product will lead to great competitive advantage. One of themost effective way for making the innovative product successful is having the in depthknowledge of market as well as the consumer's needs. While launching a new product, companyshould take the survey from their as well as competitor's consumers as what they want in aproduct and will they accept this new product.
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