The Role of Change and Innovation in Organizations
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 10
Abstract
In the 21st century, changes and innovations no longer surprise anyone. It is an integral part of any activity. Practically, changes and innovations are the components by which each organization tries to improve the situation, increase flexibility and efficiency. Every innovative approach should be aimed, on the one hand, at system optimization and, on the other hand, it should have a positive impact on employee productivity. In the conditions of globalization, while new management approaches are formed and innovations are introduced, special importance is attached to each step taken by the organization. Every decision that the company makes must be based on the aspect that it will be good. Changes and innovations are practically inseparable from each other. Nowadays, implementation of innovations and various types of changes can be said to be of vital importance for organizations. Therefore, it is necessary that each action of the company is analyzed in detail. It should be determined in advance what results it will bring for the organization, as well as for employees and customers. The paper deals with organizational changes and innovations. The essence of both organizational changes and innovations and the relationship between them are discussed. The paper also analyzes the innovative projects and organizational changes implemented by one of the Georgian companies LLC “Georgian Dairy Products”.
Authors and Affiliations
Manana Kharkheli, Davit Gavardashvili
Keywords
Related Articles
- EP ID EP727844
- DOI 10.47191/jefms/v6-i10-56
- Views 57
- Downloads 0
Analysis of Marketing Strategy in Micro, Small and Medium Enterprises (MSMEs) in the Digital Era
Technological developments and increasingly high business competition mean that Micro, Small and Medium Enterprises (MSMEs) must have good marketing strategies to remain competitive with their competitors. This research...
The Business Potential of Riau Malay Songket Woven Cloth Enterprise - Wan Fitri toward the International Market
The Riau Malay Songket Woven Cloth Enterprise - Wan Fitri is a market leader in the production process of Malay Songket woven cloth in Pekanbaru City, Riau Province - Indonesia which has been established since 1969. It h...
The Influence of Advertising Creativity, Advertising Attractiveness, Endorser Credibility, and Advertising Effectiveness on Instagram on Purchase Decisions at Ilsproject Denpasar
Study This addressed For analyze influence creativity advertising, power pull advertising, endorser credibility, and effectiveness advertisement in influence decision purchase at Ilsproject Denpasar. Study This target po...
The Effectiveness of Technical Trading Strategy in Facing Phenomenon Sell in May on LQ45 Index Stocks
The Sell in May phenomenon is a concept where stock prices in the market decline, not reflecting the actual conditions. This phenomenon has occurred in the last 3 years on the Indonesia Stock Exchange during the month of...
The Effect of Marketing Mix and Health Consciousness on Purchase Decisions of Sanitary Products
The COVID-19 pandemic has raised public awareness of the link between health and sanitation, which has resulted in a rise in the demand for sanitation supplies like hand sanitizer and hand soap. Consumer behavior towards...