This website uses cookies to ensure you have the best experience. Learn more

Models Of Innovation Contribution Towards Innovation Management In Organizations

2174 words - 9 pages

(a)Explain how the four main schools of thought: serendipity, linear models, simultaneous coupling model and interactive model, have contributed to our understanding of managing innovation within organisations. (30%)What is innovation in organizations ?Innovation, though used very widely, means different things to different persons/bodies. There are as many definitions as there are authors. However, the definitions of innovation differ in two major ways. The first difference relates to what constitutes innovation and the second relates to the focus of the definition. (Sahay A, 2005 : 66).Through these varieties of viewpoints, creativity is typically seen as the basis for innovation, and innovation is the successful implementation of creative ideas within an organization.We focus our definition of innovation as a management process :-Innovation is the management of all the activities involved in the process of idea generation, technology development, manufacturing and marketing of a new (or improved) product or manufacturing process or equipment. (Trott P, 2005 :15)In the organizational context, innovation may be linked to performance and growth through improvements in efficiency, productivity, quality, competitive positioning, market shares, etc. (University of South Africa, 2009)Models of InnovationSince the 1950s, there has been a proliferation of innovation models, each purporting to explain and/or guide the process of innovation within industrial firms. (Hobday, 2005 : 122).Strengths and benefits of Innovation ModelsOn the positive side, each generation of model captured the academic knowledge of the time and summarized perceptions of best practice. Each generation served as a foundation for more sophisticated models allowing the incorporation of additional factors relevant to the innovation process. Also each model generated useful insights and hypotheses into the nature of innovation and decision making requirements at the level of the firm, pointing toimportant links between innovation and other key processes within the firm (e.g. management, marketing and manufacturing) and external to the firm (e.g. the S&T environment, universities and government policies). (Hobday, 2005: 127).In addition to serving as a foundation for understanding, the various models have beenwidely used by companies within the Industrially advanced countries to guide the innovation process. Major consultancy firms frequently adopt one or other of the innovation models, and further develop them for guiding businesses wishing to improve their innovation processes. (Hobday, 2005: 127).5 Caveats of Innovation ModelsAccording to Hobday (2005,21) the following are the 5 caveats of innovation models :-1. The evolution from one generation to another does not imply any automatic substitution of one model for another; many models exist side-by-side and, in some cases, elements of one model are mixed with elements of another at any particular time;2. Each model is always a...

Find Another Essay On Models of Innovation Contribution Towards Innovation Management in Organizations

innovation management 3 Essay

961 words - 4 pages sustainable by increasing the efficiencies across the value chain. In this stage, in order to develop sustainable sources of raw materials and components and increase the application of clean energy sources; the company need to excel in techniques such as carbon management and life cycle assessment and also possess an ability to redesign operations to generate fewer emissions and less waste. The third stage is designing sustainable products and

Knowledge Management & Innovation Theory Essay

2254 words - 9 pages Knowledge Management and Innovation Theory Introduction Arguably, world economy in the recent post-industrial times can be said to be an information-intensive atmosphere. A good number of scholars assert that, competition both in global and local market, distinction of the market place, as well as profitability is influenced by efficient knowledge. There are numerous definitions that have been put forward to explain the term ‘knowledge

Crucial Role of Innovation in Competitive Success

2630 words - 11 pages contemporary organizations face challenges make them difficult to be always in lead. Thus they need nontraditional administrative methods to utilize the available human resources. Both innovation and empowerment are of these main ways. Empowerment, as a strategy, improves the employees performance for their high abilities and satisfaction towards their organizations and jobs. (Lawson,2001) states that allowing the individuals to independently work, behave

innovation in india

2470 words - 10 pages such high credentials. Moreover the developed countries have declining population and the number of students turning towards technical education is also falling swiftly. Another reason for the outsiders to turn to India for innovation is the increasing competition. These companies don't want to leave any stone unturned in earning maximum profits with minimum expenditure and the profits from new technologies are the highest. If a new product has a

innovation in india

2470 words - 10 pages such high credentials. Moreover the developed countries have declining population and the number of students turning towards technical education is also falling swiftly. Another reason for the outsiders to turn to India for innovation is the increasing competition. These companies don't want to leave any stone unturned in earning maximum profits with minimum expenditure and the profits from new technologies are the highest. If a new product has a

Innovation Policy in Brazil

1164 words - 5 pages Contribution for Intervention in the Economic Domain (CIDE) carried to payments of patent deposits. It also includes funding for firms who hire employees with Masters Degrees and PhDs. (Britto, Stallivieri, & Universidade Federal Fluminense) The Growth Acceleration Plan for Science, Technology and Innovation (GAP for STI) was launched in 2007 with actions to be carried out and objectives to be reached between 2007 and 2010. The objective of the

Role of Innovation

1564 words - 6 pages like a new flu drug or mobile phones and efficient ideas which improve the way things happen. Innovation is not just about new technology, it is about new ideas. New ideas can improve all aspects of the ways in which firms work such as service giving, financial management and manufacturing processes. In that sense there are many innovative factors which improve the operation of firms, institutions and society.Innovation controls the productivity

Football Innovation in America

1001 words - 5 pages with only 14 teams that struggled to stay in business. The Cardinals are the oldest NFL franchise in the league. There only two of the original 14 teams left. Chicago Bears and Chicago Cardinals are the two organizations that still play. The Chicago Cardinals moved to Arizona and the Bears stayed in Chicago. (“History: The AFL.”) The other 12 teams were the ones who couldn’t make it all the way. Most of the Current teams were already members of

Innovation in Education

1085 words - 4 pages always one within a family household. In most cases, financial limits prohibit the average student from having access to a decent amount of processing power. That’s where innovation steps in to bridge the gap between the rich and poor, to give everyone a fair and equal opportunity. There is a growing demand in the world for those with high-end computer skills, and at Old Dominion University, we can see that modern-day innovations are being applied to

The Innovation of Google

1038 words - 4 pages and opportunities”, (University of Michigan Business school, 2003) Storey and Salaman, 2005 made some remarkable conclusions about managers in innovation. In their book: Managers of innovation they conclude that innovation by managers can be highly successful in the competitive sense by simply having the right attitude towards radical change. Storey and Salaman, 2005 further suggested that poor innovators were organisations that saw innovation

Bank Of America Innovation

1176 words - 5 pages In early 2000, the American Banking sector was in consolidation phase. Over 7000 banks had closed down and the competition amongst the remaining was intense. But the banks viewed financial services as products and no efforts were made towards innovation. In such a scenario, Washington Mutual (WAMU) started innovating. Bank of America quickly picked up on this and started extending its product line by innovating. It established the Innovation and

Similar Essays

Innovation And Entrepreneurship In Developing Organizations

2001 words - 8 pages • Intrapreneurs • Entrepreneurial management • Innovation Entrepreneurship is considered an individual or organisational level behavioural phenomenon, or a process of emergence (Gartner et al 1992). Entrepreneurs can be described as a person who has possession of enterprise or venture and will take risks to seize an opportunity if it exists within an organisation. An entrepreneur is usually the owner and operator of a business which places more

Contribution Of ‘Pedagogy Of The Oppressed’ To The Approaches To Innovation

551 words - 3 pages To identify the relatedness between the contents of the book, ‘Pedagogy of the oppressed’ and the approaches to the research, ‘Investigating Innovation using a context: Community based Child Care Services’ is the premise of this paper. Paulo Freire in his book, ‘Pedagogy of the Oppressed’ (1970) draws a distinction between oppressed and oppressors. Freire emphasizes that the lack of knowledge, awareness, and consciousness towards objective

Contribution Of ‘Pedagogy Of The Oppressed’ To The Approaches To Innovation

1856 words - 8 pages intertwined with oppressive situation and innovation occurrence. A person with strong personality can be an innovator out of desperation under oppression, and can also be an oppressor. Both the assumptions appear justified as Carl Ratner (2013) reveals that ‘people’s psychology as implicated in that oppression (both as an effect of oppression and also a contribution to ... reinforcement of .... oppression).’ Personality, thus, influences an oppressor or

Innovation Management And Market In Global Enterprises

937 words - 4 pages Innovation Management and Marketing in Global Enterprises by Ersun and Karabulut (2013) is an article that presents varying positions of several writers on the importance of establishing innovative strategies in developing and managing new product and markets in the global business communities. The concept of innovation in this article is defined in terms of products, processes, marketing and management practices. The product of innovative