• Topic 1-Innovation and Value Creation Creating value and lowering cost at times are an entrepreneurial occurrence that involves what comparatively some call creative intelligence. A mindset that …show more content…
• Topic 5-How to Overcome Resistance to Change Tactics for overcoming resistance to change is necessary when a company is in an innovation process. Generally employees in a company dislike change because it puts them in a state of the unknown. Furthermore, they have self-interest, lack of understanding and trust, different assessments and goals.
The respectable method of overcoming resistance to change is to inform and educate individuals involved. Reassure them that the changes are in their best interest for an enriched future. Train employees in areas of the change that they are unfamiliar and provide a time table that the change will take place and the duration. Stand firm on the importance of win-win situations for the employee and the company. Volunteers can be useful with influencing others to accept the change and if need be by force. Top management must present themselves in person to express the importance of embracing the change and the future rewards.
As a final point, the driving forces for change should never be hindered for lack of resources, middle management or the lack of trained employees.
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