StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Creative Destruction & Learning/Innovation Perspective - Assignment Example

Cite this document
Summary
While various mechanisms and processes are considered in the implementation of continuous learning and innovation, balance scorecard is often…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER93.6% of users find it useful
Creative Destruction & Learning/Innovation Perspective
Read Text Preview

Extract of sample "Creative Destruction & Learning/Innovation Perspective"

Creative Destruction & Learning/Innovation Perspective Today, continuous learning and innovation has emerged as very much important for the development of any company on a consistent basis. While various mechanisms and processes are considered in the implementation of continuous learning and innovation, balance scorecard is often regarded as one such tool having phenomenon effects in accelerating the process within an organizational periphery. Balance scorecard is often used to measure the performance level of the management as well as of its individuals to have a critical understanding of the company’s performances, and further use those attributes in controlling business simulation in favor of the business.

In comparison to other tools used for market simulation through competitive advantages when competing inter-team (between two or more companies), balance scorecard is credited to be very useful for the company as it is observed to be based on the notion of creative destruction that triggers change within the organization, as per the developmental needs of the managerial functions. The mechanism also helps to accumulate the various components in a single report and provides support to the company to function as a more customer-oriented system that in turn rewards better advantages on other teams.

It also helps the company to improve its production quality and decrease the fresh product launch times, highlighting upon the teamwork of the company. Hence, it is often critically assessed to act as the protector of the company against sub-optimization, based on the thought of creative destruction. By the process of learning and innovation, balance scorecard influences the senior level managers to gather all operational trials and evaluate the improvements in one particular area with relation to another.

With the help of balance scorecards teams can therefore spend lesser time in the market as it rewards greater flexibility in implementing change and likewise, increasing potentials of teams to attract higher competitive advantages (Kaplan & Norton, 1992). ReferenceKaplan, R. S. & Norton, D. P. (1992). The Balance Scorecard- Measures That Drive Performance. Harvard Business Review, 71-79.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Creative Destruction & Learning/Innovation Perspective Assignment”, n.d.)
Creative Destruction & Learning/Innovation Perspective Assignment. Retrieved from https://studentshare.org/management/1660622-creative-destruction-learninginnovation-perspective
(Creative Destruction & Learning/Innovation Perspective Assignment)
Creative Destruction & Learning/Innovation Perspective Assignment. https://studentshare.org/management/1660622-creative-destruction-learninginnovation-perspective.
“Creative Destruction & Learning/Innovation Perspective Assignment”, n.d. https://studentshare.org/management/1660622-creative-destruction-learninginnovation-perspective.
  • Cited: 0 times

CHECK THESE SAMPLES OF Creative Destruction & Learning/Innovation Perspective

Small and medium sized enterprises and the risks they face in an international environment

The research highlights the seriousness of the barriers to entry and property rights risks encountered by SMEs in their striving to become international.... Policy implications for the internationalization of small and medium-sized business forms are provided.... … The goal of this research is to see what contemporary authors have to say about the major risks faced by small and medium enterprises as they entering international trade....
10 Pages (2500 words) Essay

Entrepreneurship

Successful entrepreneurs seek better business opportunities, take risks beyond security expectations, select appropriate location, identify and apply effective business strategies and possess the tenacity of converting ideas into reality.... hellip; An entrepreneur is one who discovers opportunities, brings innovative ideas to explore these opportunities and to make them profitable business venture and think creatively to stay long in the business field....
12 Pages (3000 words) Assignment

Financial System Innovation

Name Institution Course Instructor Date Finance and Accounting The financial system of innovation brought many potential benefits that financial analysts considered them as a subject that required them to strive and develop common, principle-based policies that could clearly define financial objectives.... It is of great importance to remember that without financial innovation it is inconvenient for companies and households to manage risks efficiently.... Generally, analysts describe financial system innovation as the key to ending the financial crisis and woes that are facing the world's economy....
10 Pages (2500 words) Essay

US Policy on Digital Learning

In essence, the perspective of digital learning ecosystems considers all learning-related services and tools as species existing within a digital ecosystem – according to emerging points of view, the “species” inherent to digital learning ecosystems as living and continually evolving in symbiosis with different user communities such as developers, facilitators, learners and administrators.... The intention of this exploration is to scrutinize the current US policy on digital learning, discussing pertinent components such as the digital learning ecosystem....
10 Pages (2500 words) Research Paper

A comparison of cultural literacies

Both of them has the core goal of educating the public but perspective and approaches are not similar.... The consideration is to make the checklist or a concept model whether an educational system really caters to the need of the of the… According to the report of the UNICEF, there is an alarming issue that the world really faces, not only war and poverty but most of They discovered a worldwide problem with regards to the access of the people to education....
15 Pages (3750 words) Essay

$100 laptop by John Quelch

The problem was of disruptive innovation and market evolution.... This case study is about various technical challenges in production, and marketing challenges the association has to face in the challenging external environment filled by the threats of competitors, ever-changing technology and the product substitutes....
9 Pages (2250 words) Essay

Starting and Developing a New Venture

nbsp;… Innovative entrepreneurs, commonly known as “Schumpeterian entrepreneurs” have been recognized as the most popular form of entrepreneurs because they develop new ideas and cause what is known as “creative destruction” of the existing products & services by executing new ideas through start-up firms that tend to break the monopoly of large firms.... nbsp; Needless to state that Schumpeter was also trying to emphasize that the individuals that fail in the process of “creative destruction” quickly go out of the market....
8 Pages (2000 words) Case Study

The Organizations Can Learn Innovation

Beyond this concept of freshness, the dentition of 'innovation' would vary in accordance with academic perspective as well the application of the same.... The paper “The Organizations Can Learn innovation” seeks to evaluate the successful and effective utilization of the inventive technologies and new resources, which is very much dependent on the capability of an organization to indulge into innovation.... In the general sense, the 'organizational innovation' would refer to the adoption or creation of a new behavior or idea within the organization....
10 Pages (2500 words) Dissertation
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us