The Role of Change and Innovation in Organizations
Journal Title: Journal of Economics, Finance and Management Studies - Year 2023, Vol 6, Issue 10
Abstract
In the 21st century, changes and innovations no longer surprise anyone. It is an integral part of any activity. Practically, changes and innovations are the components by which each organization tries to improve the situation, increase flexibility and efficiency. Every innovative approach should be aimed, on the one hand, at system optimization and, on the other hand, it should have a positive impact on employee productivity. In the conditions of globalization, while new management approaches are formed and innovations are introduced, special importance is attached to each step taken by the organization. Every decision that the company makes must be based on the aspect that it will be good. Changes and innovations are practically inseparable from each other. Nowadays, implementation of innovations and various types of changes can be said to be of vital importance for organizations. Therefore, it is necessary that each action of the company is analyzed in detail. It should be determined in advance what results it will bring for the organization, as well as for employees and customers. The paper deals with organizational changes and innovations. The essence of both organizational changes and innovations and the relationship between them are discussed. The paper also analyzes the innovative projects and organizational changes implemented by one of the Georgian companies LLC “Georgian Dairy Products”.
Authors and Affiliations
Manana Kharkheli, Davit Gavardashvili
Keywords
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- EP ID EP727844
- DOI 10.47191/jefms/v6-i10-56
- Views 49
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