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Business
Information Technology
Innovation requires allowing people to make mistakes. However, being wrong too many times can be fatal. Do you agree? Why or why not? What are the implications for nurturing innovation? Answer all parts of the question.
Absolutely, people have to be allowed to make mistakes. It enhances innovation, but it also helps people learn. No one is perfect, and mistakes can happen anywhere. The manager who cannot cope or has no patience with people who make mistakes will eventually alienate their staff and their peers, and they will not enhance the organization, either. Of course, being wrong continually can be fatal, and there must be a line where too many mistakes add up to discipline or other measures. However, nurturing innovation means there will be missteps along the way, and that is to be expected in the innovative environment. To nurture innovators, managers must be patient, but they must foster an environment of creativity and originality, and that means that innovators are going to fail sometimes. That is what fosters new ideas and creative solutions to problems, and so, innovation demands that people make mistakes, so they can find creative and novel ways to solve them. Some of the world's greatest ventures, from man walking on the moon, to the creation of computers and other technologies grew out of mistakes. How many rockets blew up on the launch pad before NASA got it right? How many dangers still face those who travel into space? These could be seen as "mistakes," but in actuality, they are opportunities for learning, growth, and innovation, and so, innovation has to make mistakes, or it is not innovation at all.
People are often too afraid of making mistakes to be totally innovative and free with their thinking. The manager that does not have time for mistakes is drowning creativity, and eventually, his staff and even his organization will suffer. New technologies come from creative thought, mistakes, and the freedom to feel able to make mistakes, and managers, corporations, and entities that do not recognize this will not be successful, because they will be so worried about a bad outcome, they will not take chances, and that spells doom for any organization or individual.
Business Information Technology and the Small Business Information technology has had an impact on all areas of society, including a major impact on the business world. For some small businesses, there is an assumption that information technology is only required for major businesses operating on large scales. In contrast, it is suggested that information technology may be even more important to the small business than it is to the large business. Small
Strategic Planning in IT IT Impact on Service Industry Performance Cooperative Competitive Competitive Advantage Implementation of IT Innovations 1992 U.S. VALUE-ADDED AND EMPLOYMENT BY INDUSTRY AVERAGE ANNUAL GROWTH IN GDP PER HOUR, MAJOR SECTORS OF THE U.S. ECONOMY Management TASKS IN BUREAUCRACY VS ADHOCRACY ORGANIZATIONS This paper addresses the following problem statement: "Without information technology (IT), a business will not be able to compete globally in any industry, nor in any market it wants to enter. It will
Information Technology The reference company is the oil giant Chevron. Because there is a growing demand for the development of Internet, intranet, and extranet business-to-business (B2B) transaction capabilities, the Stamford, Connecticut -- based Gartner Group predicts that by the year 2004 more than 50% of all enterprises will use the Internet for more than 80% of their external procurement activities. Meanwhile, almost every company offering products and/or services has developed or
For example, it is no longer advisable to use a paper-based payroll, as apart from being more likely to become subject to fraud, it is an environmental hazard. Imagine the filing needs for a payroll for 100 people in one year only. Also, there's the consideration that almost everyone has and uses email. Electronic mail enables immediate correspondence between separate entities and quicker responses to urgent matters. More than this,
The company's consistent top line revenue growth also illustrates it has been successful in transforming its supplier network into one that operates more on knowledge, less on purely price or product decisions. As a result the company is capable of competing more at the process level and less at the purely price-driven one (Reese, 2007). In terms of the company's factors for success, the greater opportunities is to move into
Information System/Internet Strategy Information technology and Internet systems have become such an integrated part of life today that all businesses of any significant size have at least some form of electronic media as part of their daily operations. Indeed, it is difficult to imagine how any business could function without at least an e-mail platform or an electronic database connection. What I have learnt about decision making, the role of information,