Key factors of an innovative organization to adapt to changing global management

Abstract

A top priority of global management is to manage change, which requires establishing an innovative organization to be responsive to change. Traditional and matrix organizations lack an effective horizontal structure to construct core elements required for organizational learning. An innovative organization is required to implement those core elements such as self-actualization, self-development, social acceptation, shared vision and transformational leadership. Managerial innovation is achieved by incorporating organizational learning within the innovative organization. The alignment of the core elements required for organizational learning with the key factors of an innovative organization enables an environment inspiring individuals¿ passion and initiative to manage change. Factors critical to the successful deployment of an innovative organization are presented in this study in terms of volunteer assignment, multi-task competence, autonomous community, employee entrusted authority, floating authorization and peer-group decision making.