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8/6/2019 Planning for Chane Venture and Innovation
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Planning new venture
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}Venture is often used to refer to a riskystart-up
}A new venture plan usually refers to a planfor starting and operating a new business
venture.
}A new venture is usually a businessenterprise involving some risk in
expectation of gain.}
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}Initiated by an individual, group ororganization
}Has Profit or nonprofit motive.
}In the era of competition each nurse hasown obligation to deliver the new ideas.
}Which can be service/ education/
administration etc. e.g. continuingeducation, home health agencies
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For each new start up nurse will «..
}Define problems and opportunities
}Define the competitive position of the productand set objectives
}Detail work steps, schedules, assignment of responsibilities, budgets and other elements
of implementation.
}Describe the monitoring (control) plan.
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R isk analysis
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Change
} ³A purposeful, designed effort to bring aboutimprovements in a system with the assistance of a change agent´
Spradley
}Peters write that ³planned change is the
exception rather than the rule´
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Need of change
}Four general reasons for designing orderlychange have been identified by Williams.
1. To improve the means of satisfying economicwants.
2. To increase profitability.
3. To promote human work for human being.4. To contribute to individual satisfaction and
social well-being.
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F actors influencing the change
}Dissatisfaction with status quo
}Opportunities
}A shared vision
}Knowledge of first steps
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F actors in organisational change
} A common, shared sense of purpose} Improved quality and reliability of information
} Commitment and sense of responsibility
} Flexible and informal systems, procedures and
practices} Encouragement & support to initiative
experimentation.
} Teamwork, co-ordination and good communication
} Delegation of authority and responsibility
}Open style of managing differences and conflicts
}Willingness to tackle problems and persistence
} Active learning environment
} Valuing and individuality
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Types of changes in administration
}Nadler and Nadler (1998) identified fourdifferent types of organizational change.
} Incremental or continuous change
}Step by step continuous
}Discontinuous or radical change
}Anticipatory change
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}Eccles (1994) outlined six contexts of change common to the corporate world
} Takeover change
} Injection change
} Succession change
} Renovation change
} Partnership change} Catalytic change
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Reason for Innovation
} Responding to clients
} Increasing market share
} Being at the forefront of industry
} Establishing a new venture
} Improving the quality and speed of service
} Expanding the range of services
} Meeting Government standards/regulations
} Reducing costs
} Increasing revenues
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Factors essential for innovation
} r ose
} Initiative
} no le ge of facts
} elf confi ence
} ersistence efforts
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A successful innovation or a
change agent
} Identifies opportunities for improvement or overcomingmajor problems.
}Has readiness to accept changes
} Create a climate for change
} Support and sustain the change effort
} Evaluate, review and modifies activities appropriate foreffective change.
} Continues the effort till the desired goal is achieved.
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}Thank You
