Innovative Approaches to Managerial Development Research Paper - 1

Innovative Approaches to Managerial Development - Research Paper Example Such innovations are required more because of the growing competition in the world of business. When innovations are included as part of the managerial development in organizations, they become capable of producing new products, develop new processes and systems, that in turn enable the organizations to cope with the changing conditions of markets, introduction and use of new technologies, and competition. Innovations in organizational and managerial development are practical concerns of the managers of an organization, and thus several theories have also been developed to support the innovative approaches to managerial development (Lawson & Samson, 2001). While considering different approaches within an organization, leaders give confidence, look forward to and recompense innovation from every sphere within the organization that are beyond the only fields of research and development. In this way, organizational learning and knowledge may be associated with the products, processes, technologies and conventional competencies. Innovations in the recent times are not used by organizations as any means for inadequate resources for indecisive results. Rather, managements incorporate innovations in order to use them as means for generating new understanding and competitive advantage. â€Å"They recognize that business units producing profits today may not represent the best opportunities for business tomorrow. Mainstream factors and innovation are therefore managed integratively so that the two work in harmony† (Lawson & Samson, 2001). Organizations that are adaptive focus on innovations by maintaining open and dynamic network relationships, thereby making organizations capable of handling situations that not usual. In this way, networks and ideas are exchanged among different organizations through which cultural changes are promoted that assist in modification of such networks and organizational relationships that are