Local products: does tradition prevent innovation

Local Products: Does Tradition Prevent Innovation Student’s Name Institutional Affiliation Course Number Instructor Date Local Products: Does Tradition Prevent Innovation The close relationship between tradition and innovation is mainly visible in the business context where organizations have an economic interest. Whereas some managers may want their institution to stick to specific conventions based on their history, others may feel they need an environment that empowers and motivates them to exploit their creativity and innovation. Frequently, the latter stems from an organizational environment that gives employees freedom. Based on this assertion, there is reasonable evidence that tradition significantly prevents innovation, a fact that may be explained using management theories or theoretical concepts. Henry Fayol’s administrative management theory listed some of the leadership functions as coordination, planning, commanding and controlling. In the explanation, the theorist stated that the appropriate principles should not be rigid, lest they hinder effectiveness and efficiency (Ramakrishna, 2019). Suppose a company has an existing tradition regarding working procedures that insist on most contributions and suggestio...