The Global Environment That Directly Influenced Nayar s...

Veneet Nayar, then-CEO of HCL Technologies, recognized the need for his India-based IT servicing company to expand globally. He utilized his discovery skills to inspire innovation, analyzed the factors in the global environment that would directly affect the expansion of the company, and developed a strategy to turn his company into a global leader in the IT industry. In this assignment, I will identify the factors in the global environment that directly influenced Nayar s need for innovation, explain how the five discovery skills can be used to impact innovation in an organization, evaluate Nayar s use of the discovery skills, and offer recommendations for improvement. Global Factors that Influenced Innovation HCL Technologies was not only affected by internal factors but was also affected by external global factors in the environment. The global environment affects the way businesses interact with their employees, competitors, and customers. In order for Nayar to achieve his goal of transforming his company into a global leader, he had to create an environmentally aware organization. He accomplished this by observing and staying attentive to competitive and technological factors that directly affected his organization. Competition The influence of competition in the global environment is critical to leading innovation in business. It is essential for innovative companies to monitor and collect data on their competition in the industry. According to Dess et al.Show MoreRelatedThe Global Trends And Nayar s Role As A Leader Of Innovation1910 Words   |  8 PagesLeaders of innovation must imprint their DNA onto their organization to the extent that it resonates throughout the workforce. If a leader is able to successfully accomplish this task, the workforce will become an integral part of the innovative process within their organization. Former CEOs, Vineet Nayer of HCL Technologies, Steve Jobs of Apple and Jeff Bezos of Amazon are examples of leaders who were able to successfully utilize the five discovery skills described by Dyer, Gregersen, ChristensenRead MoreExploring Corporate Strategy - Case164366 Words   |  658 Pagesteachers. Combined with the illustrations and the short case examples at the end of each chapter (in both versions of the book) this increases the reader’s and tutor’s choice. For example, when deciding on material for Chapter 2, the case example, Global Forces and the European Brewing Industry, tests a reader’s understanding of the main issues inï ¬â€šuencing the competitive position of a number of organisations in the same industry with a relatively short case. For a case that permits a more comprehensive