Innovation and Strategic Management Annotated Bibliography Essay Example

line with a new idea, the business can suffer significant drawbacks with the new ideas brought on the table. There are many examples of both the upside and downside for businesses when executives are in line or not with the business and therefore, develop the business further.

One example of an executive that was aligned with the business and therefore created the upside for the business was Steve Jobs with Apple. A downside example would be Richard Fuld with Lehman Brothers.Steve Jobs aligned himself with Apple and has progressed the company in ways that many simply did not see coming. Especially with his new tablet and his untimely death, Apple has seen significant increases in profits and from what their annual sales report reveals the company’s future only continues to look promising.

On the other hand, Richard Fuld, who was the C.E.O. of Lehman Brothers has faced much scrutiny for his time served as head of Lehman Brothers for the business's unethical and illegal operations. Richard Fuld has since been taken to court over the matters.

Article Three: Barsh, J., Capozzi, M., & Davidson, J. (2008). Leadership and Innovation. McKinsey Quarterly; 2008, Issue 1, p36-47. Retrieved from Ebscohost.

This study tries to look at the direct effect of new ideas on the progress of any business. The study tried to look past the overt benefits like profit, dividends, revenues etc. that a new business model brings. The study researched into the adaptability of many of these companies to the ever-changing local and international playground.

It showed that trust, more business links, and better understanding of standard principles were fostered by the incorporation of new ideas into any business. Such examples

of new ideas that had a direct effect on the progress of a business was when Apple produced the iPhone and iPad. The iPhone and iPad gained Apple serious ground in the technology battles that has been raged on in the past decade between Microsoft and itself. Microsoft has once countered with their own tablet with help from companies like Samsung.

As technology continues to advance and more companies dive into the technology market, there will be more examples of new ideas that progress the business as whole. All I know is there are many interesting and fascinating ideas still on the rise for consumers and businesses alike.

Conclusion

From many of these examples and articles, we can gather much information on the relationship between innovation and strategic management. Although some areas may not be proven in their fullest capacity, there are undoubtedly ways that innovation improved business operations and practices, which can be seen in examples such as Apple, Microsoft, Dominos, and Samsung. On the other hand, not every business incorporating innovation is a success story.

In the dynamic days, we find ourselves in today, business and organizations are digging deeper into the wells of innovation. We have all come to enjoy the benefits and I am not sure if anyone that would want to go back from here, even though there are some downsides to innovation and technology growth. These new ideas and business models have come to shape our lives and niche for the better. The time and era for a “one-man show” is over.

Now everyone can bring something from their creative mind to the table. For long-term growth, this is the only sure way to

go.