StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The good and bad of standards based on innovations - Essay Example

Cite this document
Summary
Perhaps, this is because of the ever-increasing development and inventions, which are aimed at making work easier, or something close to that. Nonetheless, Allen, and Sriram, (2000:…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.4% of users find it useful
The good and bad of standards based on innovations
Read Text Preview

Extract of sample "The good and bad of standards based on innovations"

The good and bad of standards based on innovations By SubmissionIntroductionIt is normal in today’s world, to have all sorts of innovations left, right and center. Perhaps, this is because of the ever-increasing development and inventions, which are aimed at making work easier, or something close to that. Nonetheless, Allen, and Sriram, (2000: 171-181) believe that the success of innovation, greatly relies on whether standardized processes are used or not. New standards are sometimes created by new innovations.

In some cases, it can be built on innovations or even towards the achievement of innovations. Although what are the good and bad aspects of adopting the use of standards for innovation? First, standards refer to the documented agreements, which comprise of technical guidelines that make sure processes, products, materials, and services are produced up to par or are fit for presentation. On the other hand, innovation can be described as an introduction to a new method, approach or concept to a product/enterprise to bring about exclusivity in function, behavior or form.

It should be understood that innovation and standards are somehow interrelated, whereby a standardized model, will ensure innovation is quickly achieved. By introducing standards on innovations, an organization or a firm will have formed a basis for the introduction of new innovations, and also move a notch higher to ensure the components of the new innovation are mutually compatible. Moreover, standards are critical on innovation, because it is an avenue of having a mutual understanding in an organization, and can be used as a tool to facilitate measurement, communication, manufacturing and commerce.

The good aspect of standards is what has made it to be everywhere and also play an important role in the economy. For instance, allowing firms to comply with relevant laws and regulations, offering interoperability between new and existing processes, services, and product. However, while standards are critical to the success of innovation, it also has its shortcomings if enough care is not put in place. For instance, when standards are used in isolation, it cannot be the best tool to provide evidence for performance, hence providing a leeway for discrepancies.

(Gann, & Salter, 2000, pp. 955-972)ConclusionAs observed from the aforementioned ideas, standards based on innovation can be very beneficial to an organization, through providing a framework for new innovations. Although, for quite some time now, some organizations have always got it wrong when it comes to thinking about innovation and standards. Some organizations just think standards based on innovation are an important phenomenon, but they never do all it takes to ensure it works out. While some organization might equate innovation with being different, some are always limited to quality improvement and cost reduction.

Both approaches are wrong in equal measure. Instead, for standards to be successful, organizations should focus on the same, shared, and common agreements, which will provide a stronger platform for tangible transformation. ReferencesAllen, R. H., & Sriram, R. D., 2000, The role of standards in innovation, Technological Forecasting and Social Change, 64(2), pp. 171-181.Salter, A. J., & Gann, D. M., 2000, Innovation in project-based, service-enhanced firms: the construction of complex products and systems, Research policy, 29(7), pp. 955-972.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The good and bad of standards based on innovations Essay”, n.d.)
The good and bad of standards based on innovations Essay. Retrieved from https://studentshare.org/information-technology/1693025-the-good-and-bad-of-standards-based-on-innovations
(The Good and Bad of Standards Based on Innovations Essay)
The Good and Bad of Standards Based on Innovations Essay. https://studentshare.org/information-technology/1693025-the-good-and-bad-of-standards-based-on-innovations.
“The Good and Bad of Standards Based on Innovations Essay”, n.d. https://studentshare.org/information-technology/1693025-the-good-and-bad-of-standards-based-on-innovations.
  • Cited: 0 times

CHECK THESE SAMPLES OF The good and bad of standards based on innovations

Open Innovation in Managing Innovation in the Service Sectors

Open innovation is an opportunity to them in which the companies can commercialize both their innovations as well as their own ideas from other firms and from within their own firms to the market using channels that provide pathways out of their current business.... Over the past few years, the banks that are an integral part of the financial sector have done some major innovations such as automated teller machine, credit cards, and internet banking....
10 Pages (2500 words) Essay

What Caused the Rise of Globalization

The result why the equilibrium quantity of supply is lower than for the demand curve S is because some countries can produce these products at a lower price than others because of comparative and absolute advantages discussed below and as a result, our country will stop the production of this good citing that other countries can produce it cheaply....
5 Pages (1250 words) Essay

The Good, the Bad and the Monopoly

This coursework "the good, the Bad and the Monopoly" focuses on monopolies and, as they give the firm the opportunity to be a price maker rather than a price taker, the fact that they can be destructive to the economy.... New innovations may become monopolistic due to patent restrictions or until the innovation becomes more widely available.... he technical definition of a monopoly is a business that is the sole provider of a good or service that has no suitable substitute....
7 Pages (1750 words) Coursework

Injustice of Healthcare in the US

Although quality-enhancing standards limit opportunities for cost-reducing innovations, the consumers tend to value disproportionately the added security they are supplied.... The barring from the market of individuals who do not meet minimum standards of competence in the regulated field of endeavor, can enhance consumers' welfare by minimizing both their exposure to risks of bad service and their uncertainty in purchasing complex services.... In any field in which government regulates entry, entry standards will be inefficiently high, causing more hardship than is optimal....
7 Pages (1750 words) Essay

Discussion of Quality Control

They are the standards that have to be fulfilled by an organization and… Q2.... There is some evidence that in the years immediately following Baldridge or ISO certification/accreditation, performance standards and attention to quality actually decline to levels below the build up to accreditation review.... In order to get certification, companies work hard and spend lot of money and resources to meet the set standards....
4 Pages (1000 words) Essay

Latest innovations

Hotels adopting eco-friendly innovations are beginning to have competitive advantage over other companies that do not protect the environment.... It is a big and highly competitive market and to be able to maintain higher accommodation standards as well as… They have to come up with unique technological advances to stand out from the rest.... Eco label hotels add environment friendly technological practices to their good menus besides providing a wide range of resources (Swami, & Sharma 2011)....
5 Pages (1250 words) Research Paper

Innovations Reshaping the World after World War 2

The essay "innovations Reshaping the World after World War 2" it is described which important aspects of product innovation and development following World War 2 have changed the world.... During the war, as the need arose for effective communication means, it was served by technological advancements resulting in some of the major inventions and innovations that led to the progress of mankind....
8 Pages (2000 words) Essay

Science Fiction Culture

The science fiction writers try to follow the trend of the increasing importance of technology in society and create a picture of the future society full of innovations.... They can imagine how people will suffer from the bad side of the technical progress and enjoy its good impacts in the future (Rukeyser 41).... nbsp;  Most scientists tend to say that the reason for which they decided to pursue their chosen careers was that they had always imagined things to be in a certain good way; they always wanted to make the world better by using the potential of the human brain....
6 Pages (1500 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us