Define organizational cultural lag. Organizational cultural lag is most closely related to which two innovation concepts and why?
What will be an ideal response?
Organizational cultural lag is an effect that occurs when organizations fail to keep
up with emergent innovations and so risk missing lucrative opportunities to capitalize
upon. To avoid cultural lag, organizations need to continuously focus on their existing
products and processes (exploitative innovation) at the same time they are investigating
new innovations (exploratory innovation). Other types of innovation could also apply to
help organizations avoid organizational cultural lag.
Researchers believe organizations need to strike a balance between the contradictory
natures of exploitative and exploratory innovation. Many organizations play it safe by
focusing on the refinement of existing products rather than taking risks to explore new
avenues. To avoid cultural lag, organizations need to continuously focus on their
existing products and processes at the same time as they are investigating new
innovations.
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What will be an ideal response?
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Indicate whether the statement is true or false.