DQ1

In “Business Model Innovation in Practice,” Euchner and Ganguly (2014) discuss the challenge of implementing innovations within organizations that are naturally resistant to change.

They present a systematic approach for integrating innovations to increase the likelihood of acceptance and success.

Review their five-step approach and discuss how the four functions of management (planning, organizing, leading and controlling) can be leveraged within in their suggested approach to assist organizations in implementing successful innovations.