Identify several reasons entrepreneurial organizations seek Essay

Identify several reasons entrepreneurial organizations seek opportunities for innovation - Essay Example izations seek an innovation opportunity is because since they are new and bringing a sense of change within them, finding new pathways is quintessential towards their basis. If they do not change, they might become stagnant within their tasks immediately and hence their work domains would suffer immensely. The need is to pinpoint where anomalies are and how best to get rid of them. The aspect of newness must not appear as a deterrent towards completing tasks in an able and effective way. This is the need of the hour as far as the entrepreneurial organizations are concerned and more so today. The second reason belongs to the employees since they are not well aware and require new avenues for help and assistance as far as their work manifestations is related. As they are a part of an entrepreneurial organization, they might not be at ease with a number of work tasks which other employees from varied organizations are already educated about (Prabhu, 1999). Hence innovation helps their cause to move ahead with full throttle and at breakneck speed. The employees must be trained and if this training does not come about under the aegis of the entrepreneurial organization, they could be sent off to other training institutes or organizations so that when they come back, they are well aware of how entrepreneurial organizations essentially work and what is expected of them in the long run. The third reason why entrepreneurial organizations require innovation is because they have to follow the footsteps of their competitors which could both be huge organizations as well as small companies. The need is sought to compare the domains of this entrepreneurial organization with these other business regimes to solicit success within their own realms. If the competitors are far ahead of these entrepreneurial organizations, then this means that the latter have to make amends, and for that they must go to any limit to make sure that their progress and development is manifested in a