Evolution Of Business Report Cover Page And I Will Include Instructions

Evolution of Business ReportNameMGT/426Tutor’s Name23/05/2016The Role of Innovation in Executing Change StrategiesThe high level of dynamism and unpredictability in the contemporary business environment caused by technological advancement, globalization among other factors has made innovation essential for the success of any organisation. In contrast to the tradition in relatively more stable periods, where strategy and innovation were viewed as different activities, strategy and innovation are now converging. Successful strategy execution requires that Innovation be at the heart of strategy.Companies must tune innovation to strategy execution, as the diversity of environments requires strategies fit specific situations (Reeves, 2015).In predictable environments, companies can implement change by leveraging on size, position and differentiation. In unpredictable environments which are characterized by rapid changes strategy executiondemands continuous experimentation. The role of innovation in strategy execution is thus different in each environment. While executing strategy leaders must be innovative, dynamic and in tune with the environment to ensure, they are not stuck due to organizational inertia (Reeves, 2015).Managing diversity in the workplaceThe concept of diversity in the workplace means understanding and recognizing individual differences along the dimensions