Two things must be done to adapt and change products and services that are offered, and adapt and change the ways they produce and deliver to the market. These two concepts are known respectively as product innovation and process innovation. Change may occur in the equipment used to produce the product or service, or it could be the way in which structures and organizes the process.
This new paradigm puts businesses in a world where knowledge is the one who leads to an improvement of their innovation capabilities, so that helps promote the efficiency and effectiveness of the organization, in order to gain competitive advantage, since themselves must anticipate the likely future for the purpose of their experiments, the consequences of their innovations, the reactions of customers. Its effects are: As a means of technology management helps both manage projects and to strategically develop the resources of the company.
This is the question of how we can more effectively manage the process of changing our products and services, and the ways in which these are produced and distributed. Change without any sense of direction is unlikely to succeed. If you start without knowing where you are going is quite likely end up somewhere else. Change is demanded from several different instances at the same time. Faced with this reality of being prepared for change, management should know that as you improve your skills on the management of change, allow your company to solve problems and seize new opportunities and technologies to benefit customers, shareholders, and often employees.
Sometimes the change as we quote is driven by technology, sometimes there are other factors that promote change. But regardless of the need to carry change, the principles are the same. Small and medium enterprises (SMEs) have many advantages when implementing change. They can react quickly, its owners are committed people and staff are often very loyal. However, it is easy to manage change.