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⏰Building long term success (Ideas in time (Creative destruction Change1 …
⏰Building long term success
Ideas in time
Short-term:
quick return
Medium-term:
relaunch/recreation
Long-term:
new vision
Cycles of Innovation
Sustainable innovation
Creative destruction
Change1
Crisis2
s
24/7 Capitalism
Ideas in context
politics
Influence/control behaviours
contexts:
institutions, values/interests, power
Perspectives:
Organisational
Societal
Value Player
Invention or innovation?
Individual/organisational strategies/value creation
Organisationa/internal value creation
value-oriented workforce
short and long-term
Employment Relations
Over time:
industrial relations to HRM
Tensions - negotiations ->
win-win outcomes
power relations
Collective bargaining
Individualised Employee inclusion
Employment relations:
Opportunities and challenges
collective bargaining has declined
Individualised - ‘empowerment? era’
Flexible working
welfare of employee?
benefit employers- increase productivity
Change management
Organisations:
change-orientated and constant
sustainable in both short and long-terms
open to change - dynamism
constructively engage with resistance
Accounting for values:
Creating long-term value
reliable/relevant measurement
crucial for decision-usefulness
short-term decisions
can destroy long-term value
Accounting for values:
A broader perspective
creating shared value3
New capitalism/business model:
Social issues integrated in
business model for financial value
Quality and improvement
Compares intended/expected
outcome of process with actual outcome
Prevention of errors less costly
Six Sigma
Quality Control
Quality Assurance
Operational risk
Potential issue/event resulting
in negative consequences
Hazard (source of risk)
Risk assessment matrix
(assess likelihood/impact)
Risk mitigation
Relationship marketing
Building repeat collaborative
exchange over a long-term
Maximise lifetime value of customer
Service-Dominant Logic:
experiential outcome, wellbeing
Leadership and management
Leadership: vision, trust, top down
and bottom up, forward thinking- actually achieve
Management: plan and control,
inward looking