Question

Describe how innovation can be a catalyst to strategic management? Give an example to demonstrate your understanding of the question. Are the theories of organizational adaption, management tools, or they are mere theories? Give an example to validate your position. What is the assessment tool (s) that can be used to evaluate a strategy based on the information provided in the assigned chapter?

Answer 1

1. Because it is what motivates and inspires employees, innovation is a catalyst for strategic management. A company that develops a new line of cruelty-free products is an example. Employees are ecstatic to share the good news with customers, which generates revenue.