Innovation and Management in ENGEO Incorporated

innovation and management

Introduction

This report will be based on the Innovation and Management in ENGEO Incorporated. The report will be focusing on addressing the Innovation Challenge in the organization. Later, the discussion will be on coming up with the solutions based on the innovation challenge. The discussion will also be on the leadership challenges faced by the organization and coming up with the applicable leadership theory and approach. The discussion will also make an action plan and discuss the individual and innovative teams’ strengths and weaknesses

ENGEO incorporated

The ENGEO incorporated is a type of award-winning firm of geologists, laboratory testing specialists, construction for the quality assurance of representatives and geotechnical engineers. They have their offices in Australia, New Zealand, and the United States and they offer services that are with a high level of efficiency, time, and practicality for the clients and customers. The ENGEO incorporated is the 5^th best place ranked for working in the United States. The dynamic leadership, culture, and the people they have creates a team that drives on to innovation and challenges (De Sio and Lachat, 2020).

The Innovation Challenge

The innovation challenge that has been identified is the "Technological Challenge” in ENGEO incorporated. For a short period, the organization is slightly lacking behind in technologically innovative challenge, and by adopting this challenge the company can overcome the issues and barriers. With the help of technological innovation challenge the ENGEO incorporated can improve their efficiency, it helps in saving time, builds up better communication, and also helps in reducing cybercrimes. As far as if there is a lot of use of technological innovation the company results in extreme dependability, this innovation challenge is quite expensive and there can be malfunctions and a shortage of jobs in the engineering and construction sector of ENGEO incorporated (Pedersen and Linderoth 2018).

The diffusion innovation theory can address the technological innovative challenge since it adapts the new product with new behavior and new ideas that ENGEO incorporated can implement in their services. This theory explains that why, how, and where the new technology and ideas can be spread and implemented so that the company can have progress and improvement in their innovation challenge.

The technological challenges are related to the advancement in the ideas and technologies that a company has in the market. For sustainability, the ENGEO incorporated can use significant technologies so that it can overcome the innovation challenge (Ma, Shen, and Liu, 2020).

The leading-edge strategic innovation solution

The leading-edge strategic innovation solution for the technological innovation challenge the ENGEO incorporated can implement with the help of various practices such as embracing open innovation, division of R&D in the autonomous teams of decentralized, collaboration with the customers, setting up the corporate arms of venture-capital, producing internal entrepreneurial schemes, by applying rapid prototyping, embracing crowdsourcing and open innovation and lastly by following external alliances (Birje et al, 2017).

With the help of embracing open innovation solutions, the ENGEO incorporated can search for the things that are outside their walls for the solutions and technology so that it can maintain their cutting edge. The open innovation solution can promote collaboration with a different company and people so that the company can acknowledge the outside knowledge which has a greater impact on the solutions of other organizations. In the division of R&D for the autonomous teams of decentralized, the solution can develop the set of coherent interrelated choices for the concern of decisions that solves the problem by giving the best solutions to the issues of strategic innovation (Wang and Zhuang, 2017). This strategy will provide alignment, coherence, and consistency for the solutions of strategic innovation. The choices and decision that research and development perform that include the facilities and location of R&D and it depends on the technologies that are allocated and managed by the project and personal experience of different factors related to strategic innovation solution. With the help of producing internal entrepreneurial schemes, the employees in the organization take the opportunities and innovation that is produced for the social and economic value and it is highly related to the characteristics of entrepreneurial schemes. This solution can get develop when the goal of an organization is outlined properly, when they outline the value of the strategy and solution, then by building a concept for the product and services that works effectively and efficiently (Sreenivasan, 2017). Then the organization has to find the market in which their services and products are appreciated and recognize properly. After that, the organization can map its networks by outlining the key performance indicators for the organization. When the stakeholders are outlined effectively then they can easily provide value to the stakeholders and lastly, the organization has to make sure and stick up to their promises and decisions for properly solving the strategic innovation. With the help of setting up the corporate arms of venture-capital, the companies can take the risk so that the investment in the companies is done with the hope that they can achieve significant revenues and returns for building a successful strategic option (Yuen et al, 2020). It is that type of solution in which the company directly invest the funds in the external companies that are about to start. By setting the venture of the capital arm the organization can or the team of an organization can fulfill the new opportunities that are found because of the tasked that are sued by the strategic innovation solution for this strategic solution the company can easily involve in the new markets, adjacent markets and core markets that are targeted by the strategic innovative solution organization. This will also help in enabling the decision in a fast manner and raise the bar high for the competitors, it also helps in creating a long-term mindset with the help of an innovation roadmap. In the pursuing of external alliances, the partnership is conducted so that the company can overcome the aspects such as development, manufacturing, and purchase and sale of services and products. A strategic alliance solution is the type of agreement that is done between two or more parties so that the company can be engaged in the process of strategic innovation solution. With the help of collaboration with the customers, the strategic innovation solution can give benefit to the services and practices that the company is providing by listening to the problems and issues that are for the relevant requirements and needs of customers that depend on the services and products of an organization. By implementing this strategic innovation solution of collaborating with the customers the organization can solve the problems of the customers by listening to them carefully and properly (Lou and Li, 2017). Refer to Appendix 1.

The strategic innovation model - Action Plan

Activities	Effects of Challenges	Strategies (Integrated innovative strategies)	Key Actions	Timeline
Enhancing productivity in ENGEO Incorporated	Lack of new technologies in the organization is hampering the productivity in the organization as the employees are not empowered, motivated to innovate, and therefore the employees are lacking in productivity.	Research and development Involvement of team in decision-making	Giving team members their ownership Setting expectations of communication Knowing the team members weaknesses along with their strengths Incorporating proper team-building exercises Building an efficient good work environment	1 month
2. Developing market reputation	As the organization is lacking in technological innovations it will highly hamper the competitive advantage and success in the market. innovation is the key to secure ower costs, revenue and it differentiates the company from all other companies in the market.	Advertising Campaigns Social-Media usage Online advertising etc (Haseeb et al, 2019).	Excelling the content marketing Improving the satisfaction of the customers Focusing on the experiences of the customers Delivering world-class support for the customers Personalizing the interactions of the customers Increasing satisfaction of the employees Usage of tools for social listening and responding to all the negative comments.	3 weeks
3.Increasing Efficiency	The lack of technological innovations in the market hampers the efficient working of the employees in the organization as the lack of technological innovation creates a barrier in enhancing the efficiency of the employees.	Collaboration with the customers Embracing crowdsourcing	Using the managed process of innovation Appling strategic alignment The foresight of the industry Insight of the customers	2 weeks
4. Cost	Lack of technological innovations in the organization has a huge impact on the financial activities of the organization as the successful implementation of the technological innovations will give new opportunities for reducing the cost of products.	Budgeting Cash flow	Planning for the budget Keeping tracks of the costs Effectively time management Project control Using earned value	1 week
5. Execution	The execution of innovation in the organization can be implemented by giving the employees a freedom sense. The team must be provided with needed resources for implementing technologically innovative ideas in the organization.	Collecting innovation potentials, evaluation & idea releasing Analyzing & deriving the solutions for the concept, implementing & marketing through extensive analysis Developing and testing solutions for the technologies introduced in the market Fulfilling and arousing the needs of the customers by properly implementing the needs of the customers.	Examining the innovative idea and expanding Applying S.W.O.T. in the organization Mobilization and generation of the idea Experimentation with the technological innovations (Jeong and Park, 2019).	2 weeks

The strategic innovation model - Leadership

ENGEO Incorporated being an innovative organization from the beginning, although it is facing some issues because they are lacking in proper leadership aspects. Some of the leadership challenges faced by the organization are:

1. People management

2. Team management

3. Resource development

4. Skill development (Hanif, Kamran, and Hanif, 2017).

These leadership challenges were faced by the organization are because of the inability of the leaders to solve the issues of the employees, navigating immense complexities related to interpersonal relations, and handling dynamics in the team. Another major point where the leaders lack is Delegation, leaders in the organization from the last few months are also lacking in delegating as they are not able to make team members do the task for which they are assigned to work. Employees in the organization also stated that leaders are not able to carry all the employees on equal pace, as employees in the organization belong from various cultures, background and experiences carry different skills, but being in an engineering consultancy the employees must be able to work on the level according to the needs of the organization. The leaders in the organization are also lacking in the part of resolving conflicts in the organization. All these challenges combined resulted in the above-mentioned 4 challenges and the leaders of the organization need to work on them (Svahn et al, 2017).

With the help of strategic innovation model theory, the organization can overcome these challenges, by applying transformational theory, the leaders in ENGEO Incorporated can overcome these challenges. As the organization is overcoming its Innovation challenge by applying many technological innovations in various departments with the help of strategic alignment along with the transformational theory, the organization will be able to efficiently overcome the People management and Team management issues. With the help of a transformational approach, the leaders in the organization will be able to build positive relationships with the team members, they will be able to inspire, motivate their team members and develop skills in their team members with passion and enthusiasm helping the organization overcome skill development issues. With the help of Managed Innovation process under the Strategic Innovation Model Theory, the organization will be able to develop a new product. ENGEO Incorporated will also be able to improve its process apart from traditional methods of planning. the leaders in the organization after implying the technological innovation will make the employees be externally-focused and enhance creativity-inspiring and new thinking in the organization (Kayser, Nehrke, and Zubovic, 2018).

The strategic innovation model - innovation implementation:

Individual team

An individual team is a group of persons all working together for achieving a common goal of bringing innovation to the organization. ENGEO Incorporated is bringing technological innovations. The normal team in the organization works on the complementary skills and generates various synergy with the help of coordinated efforts. This will help the team members in maximizing their strengths along with reducing the weaknesses (Salunke, Weerawardena, and McColl-Kennedy, 2019).

Strengths	Weaknesses
Good communication among each other in the team Focusing on one motive and gaining positive results All contribute at their share of failure Diverse team members	They are critically over-rated Requiring contact constantly They act without integrity.

Innovative team

The primary objective of an innovative team is to pioneer something creative and latest in the team, they focus on products, pivot, process, etc. the assembles of the team & examines the products, systems that are already existing by simply leveraging the diversifying skills and knowledge sets, they execute, ideates and implement improvements. In ENGEO Incorporate the innovative team will focus on implementing effective ideas for bringing technological innovations to the organization.

Strengths	Weaknesses
They are open-mined They are fully-resourceful They carry inquisitiveness They are adaptable They are interdisciplinarity (Pinto et al, 2017).	Discards are burdening Irrelevance to the new-new innovations They like to talk about big trends ending to build ego and become eye-candy

Innovation implementation

	Individual	Innovation
Process	The process of innovation in the organization is mostly uncoordinated and chaotic while implementing creativity. Although dealing with the processes internally allows the organization’s ability to secure the business in the long term by establishing free innovation management	It is a system as well as project-oriented coordination of different innovative methods through the search field or funnel method. It is also the future-oriented process through which the trends are integrated into the organization in the aspects of market, industry ad technology
Structure	Technological innovation in the organization is like a foundation for the success of the company in the market as it creates a free space & structure for the employees. It also carries the competence development in the market of various methods of technological innovations	Technological innovation is structuring and systematization of the highly chaotic process of development. It helps the organization in increasing the rate of success by selecting the projects (Alon-Beck, 2018).
System	This approach is used for producing the technological and scientific knowledge that is gained in the aspects of policies & various academic skills	This approach shows a vast change in the way of production on the knowledge that is viewed by the application of strategic alignment. It gains attention towards the search, adaption, development, imitation of the latest technologies in the organization.
Relevant theory	Managed Innovation Process	Strategic Alignment

Conclusion

This report was based on the Innovation and management in the organization. The chosen organization in the report is “ENGEO Incorporated”. In this discussion, the innovation challenge of the organization is discussed that is Technological Innovation. The report discussed various solutions for overcoming this challenge by applying various strategies. Further discussion carried by making an action plan on various activities in the organization. Later the discussion was carried on the leadership challenges was by the organization and how the organization can overcome these challenges by applying appropriate leadership theory and approach. In the end, the report will conclude by describing the strengths and weakness of the individual and innovative team for implementing solutions with appropriate process, structure, and systems

References

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Hanif, M.I., Kamran, A. and Hanif, M.S., 2017. Collaborative Innovation Of Strategic Emerging Industries: A Case Study Of The New Generationof Information Technology Enterprises In China. IBT Journal of Business Studies (JBS), 2(2)

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Appendix 1

Strategies	Solutions
Embracing open innovation	It can promote collaboration with a different company and people so that the company can acknowledge the outside knowledge.
Division of R&D in the autonomous teams of decentralized	It can develop the set of coherent interrelated choices for the concern of decisions.
Collaboration with the customers	It can give benefit to the services and practices that the company is providing by listening to the problems and issues.
Producing internal entrepreneurial schemes	The partnership is conducted so that the company can overcome the aspects such as development, manufacturing, and purchase and sale of services and products.