Enterprise Culture in the Organization and Strategy Essay

Enterprise Culture in the nerve and Strategy - Essay ExampleChange is inevitable and is the only constant factor t wear can apply on happening from time to time. Industrial environments change with time, courtesy to a number of macroeconomic factors desire the buyers power, the influence of technology, political environments and most obviously the performance of the global economy (Grant, 2005, p. 272). To put up ahead in the global competition and sustain itself in the marketplace, global corporations as well as small and medium enterprises have to respond to these changing business environment and be increasingly arduous to inculcate innovation among the products and services that they are offering to other business or to the end consumers. harvest-feast Innovation for companies offering products in the open market is very essential to survive in the militant global war zone. Innovation can be radical or incremental in nature. A quick glance at the evolution of todays highly popular digitized cameras will apologise the two concepts in the most perfect manner. Radical innovation happened when old Polaroid cameras were replaced by companies with the highly mature digital cameras. Companies to keep up with fast pace of consumer demands and in order to cater to whims and fancies of consumers, due to their increase buying power have started to have an entire division of Entrepreneurship and Innovation, which will be responsible for providing prerequisite innovations and modifications within the product offerings by staying within the boundaries of the organisation or even trying to develop something on their own, which will be in line with the mother organizations needs, requirements and objectives. Many a times, it has been comprise out by various studies that radical and even incremental innovations have happened on the shoulders of an entrepreneurship effort of individual within the organization or even outside the organization. Large corporations and even small and medium enterprises are increasingly encouraging entrepreneurship and motivating current or even ex employees of organization to don the hat of an entrepreneur and work under the companys brand name, while developing, promoting and marketing their own brands or ventures. Even many a times, it has been noticed that ex employees of large organizations after working in the organization for a lot of years, and developing the required skills, insights and expertise leave the organization in an effort to do something on their own or even to pursue their hobbies or dreams, which people can identify as zeal of an entrepreneurship drive of the individual. Companies are increasingly recognizing employees, who are giving the extra effort to push things in the lead and trying to being a change agent. Basically, a certain clan of people in from each one and every organization, who generally put in the shoes of an entrepreneur within the job role, he or she is assigned to by t he company. When these groups of highly self motivated people are willing to try something on