Innovationis essential these days and therefore organizational change is acrucial part in a firm for it to develop. These organizationalchange instances include previous practices discontinuations, newpathways of creating public value and underlying shifts ofassumptions in organisations. There are particular types ofinnovation activities for which large firms are likely to best smallfirms like projects. They have the ability to handle large projectsto promote their products where as it wouldn’t be the case for thesmaller firms (InnovativePoint, 2004). Others include better projectfinanciers, management structures which are more enhanced,prioritization of projects and process for good development.Therefore, big firms are the appropriate incremental innovators.
Howeverthere are also innovation activities that small firms can best bigfirms. Since they are regularly measured as being flexible than bigfirms in terms of entrepreneurial activities and flexibility, theycan easily be transformed into manageable units. They have enormousscales of developments and can easily conduct researches regardingtheir products (Stern & Ander, 2008). They also receive fundingopportunities more than the large firms since they do not incur largecosts.
Thereare several advantages of having formalized procedures for efficiencyimprovement of innovations. Such are unspoken knowledge which helpsthe management to make growth in their firms, exceptional methods ofidentifying opportunities that penetrate the market, coming up withplans that can support innovations and organizational strategysupport. The disadvantages are for example, the resources can beminimal where this mostly applies to large firms and the startup canbe very delicate hence not realizable if not taken with caution. Toconclude this, the firms should choose wisely the best approach thatcan sustain their strategy execution and this includes for both largeand small firms. Excess can lead to unnecessary costs whileinsufficient can lead to inadequate executions (InnovativePoint,2004).
InnovativePoint,(2004). Organizingfor Innovation.(Week 8)
Stern,N. Z. & Ander, W. N. (2008). Greentailingand Other Revolutions in Retail: Hot Ideas That Are GrabbingCustomers` Attention and Raising Profits,Wiley.