The most important assets of an organization are its employees. Given the right

Question

The most important assets of an organization are its employees. Given the right opportunities and structure, employees will be empowered to transform an organization. Intraprenuership allows organizations to grow, compete, and retain employees.

Using the organization from Topic 3, create a strategic employee innovation plan to support you in strategizing the implementation and fostering of innovative thinking across the organization. In 500-750 words, address the following questions in your plan:

1. What would need to be incorporated within the organization to promote innovative practices?

2. How will you embed intrapreneurship competency into the organization?

3. How will you identify the intrapreneurs within the organization?

4. How will intrapreneurs be supported and encouraged? How will you foster a climate of innovative learning and development?

5. How will you know when your employees become more innovative and your plan was successfully implemented?

I am doing this paper on the organization of Cisco

This is what topic three was about

In order to make effective change within an organization, an analysis of the current organizational state is essential. In this assignment, you will be analyzing the current innovative status within your own organization or an organization of your choice. This organization will also be used in several subsequent assignments. In your 500-750 word organizational analysis paper, address the following questions:

What are your organization's competitors' current trends of innovation?

How does your organization's innovativeness compare to its competitors'?

Within your organization, which stakeholders are responsible for supporting innovation? In what capacity?

Examining your organization's structure, systems, and people, how adaptable is the organization for implementing innovative principles and practices?

Explanation / Answer

Ans:

A strategic employee innovation plan offers a perspective to bridge the gap between the policy and action. Strategic decisions help an organization in implementation of the organization decisions for directional purpose to achieve the organizational objectives. Different organizations adopt different strategies to manage their workforce in order to achieve the organizational mission and purposes. For example work redesign is a medium term strategy to reassess the specific functions with a focus to eliminate particular product or service. Sometimes an organization might require overall systematic overhaul which is a long term strategy which brings changes in the organizational culture, employee values & attitudes with an objective to reduce costs and enhance quality. Kaplan and Norton developed the Balanced Scorecard model which is a four perspective model to measure organizational performance. Under this model organization performance is measured on four perspectives viz. financial measures, customer perspectives, internal business perspectives and employee innovation and learning perspectives. In this system all the parameters are linked to the financial performance of the organization. The system was developed to convert the vision into the operational goals, overall business planning, encouraging individual performance, learning & growth. Four perspectives of the model are as under:

The model highlights the importance of innovation in the organizational performance.

A strategic employee innovation plan is to explore the new ideas for better employee engagement and to improve the efficiency and profitability of the organization. This includes to innovate a new product or to explore a new market or finding new ways to improve utilization of available resources of the organization or finding ways for cost reduction etc. Having innovative mindset is beneficial for the overall efficiency of the organization. The concept of intrapreneurship is all about the behavior of an employee like an entrepreneur in an organization. The employee finds innovative ways to improve organizational performance beyond the current business model. This is done by promoting entrepreneurial culture in the organization. An intrapreneur is an inventor who puts a new idea into action within the established business model which can improve the overall performance of the organization. There are different roles in intrapreneurship like initiator, facilitator, champion, team supporter and reactor.

Creativity and innovations are the key ingredients of intrapreneurship. The innovative process starts with searching for innovation. The creative process is about analyzing the background, idea, accumulation of the knowledge and evaluation and implementation of the idea. Second step of the creative process is to evaluate the opportunity, next is to involve the customer, making way for innovation, focusing on the innovation and finally organizing the innovation. The intrapreneurs can be identified on the basis of common characteristics of creative people which are: people good at idea generation, brilliant, result driven, action oriented, creative, risk taker, ambitious, innovative, positive attitude, self motivated, flexible, have analytical abilities. The culture of intrepreneurs can be promoted within an organization by trusting management, open communication culture, cultural diversity, adaptability to change, experimentation, no fear of negative consequences etc. The innovation in a business can be stimulated by focusing on employee capabilities, enhancing subject matter expertise, encouraging unconventional ideas and motivating & rewarding employees suitably. The intrapreneurial process starts with choosing an idea, planning the business and implementing the idea.

Cisco has a well established team of business leaders, distinguished technologists, market researchers and innovation experts. Cisco encourages creativity and innovation at the workplace. It encourages development through training and implementation of variety of options in jobs, innovation efforts and ideas exchange.

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