StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Innovation / innovation management (firm, sector, country, or specific process) - Essay Example

Comments (0) Cite this document
Summary
Development of new products, for example, diversifies consumer choices towards utility while developed processes facilitate…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.3% of users find it useful
Innovation / innovation management (firm, sector, country, or specific process)
Read TextPreview

Extract of sample "Innovation / innovation management (firm, sector, country, or specific process)"

Innovation management Introduction Innovation, the process of developing a new product or concept, is very essential to business organizations that operate in competitive environments. Development of new products, for example, diversifies consumer choices towards utility while developed processes facilitate efficiencies in operations. This paper offers a research proposal to investigate relative significance of factors that influence innovation management.
Research question
The proposed research intends to explore the question, ‘what is the significance of the factors affecting innovation to innovation management?’
The proposed research question seeks to answer a problem in managerial decision making in innovation processes. This is because it seeks to identify a rationale to understanding weighted significance of each factor and will be instrumental to managers for successful innovation processes.
Literature review
Innovation is a very instrumental factor to organizational success and it has been acculturated in organizations whose operational and marketing environments are very competitive. Innovation is however influenced by many factors that determine its necessity and feasibility. In a research to investigate factors that affect an organization’s ability to use innovation in its processes, the researchers identified features of an organization, its available resources, and its “external support and market factors” as preliminary considerations (Yusof, Shafiei, Said, and Abidin, 2010, p. 84). While the factors are necessary for making decisions on whether to initiate an innovative process or not, a clear understanding of the order of their significance would facilitate insights over their importance (Yusof, Shafiei, Said, and Abidin, 2010). The concept of difference in significance of factors affecting innovation was also developed in a research on elements of innovation in product development. Results of the research that was conducted by Ju in China identified factors such as market research initiatives by organizations, the organizations’ adopted strategies, and level of technology as the most essential factors that determine success of innovative processes in Chinese food processing industry (Ju, 2012). Similarly, Smith, Busi, Ball, and Meer identified nine factors that influence enterprises’ ability to manage innovation effectively. The factors are “management style and leadership, resources, organizational structure, corporate strategy, technology, knowledge management, employees, and innovative process” (2008).
The existing literature therefore identifies an information gap on the general effectiveness of each of the factors to implementation and management of innovation initiatives. The proposed research therefore seeks to establish the relative importance of factors to innovation management with the aim of developing a basis for informed decision making in innovation management.
Proposed research methods
The research proposes to use quantitative research design in which ordinal data will be collected with the aid of predetermined questionnaires. The research will further adopt a stratified random sampling approach because of its ability to ensure both internal and external validity in research processes. Collected data will then be analyzed using SPSS data analysis software (Singh, 2007).
Proposed data sources and relevance of the sources
The research intends to collect data from operations managers in identified organizations that prioritise innovation. The source of information is relevant to the research objective because it is a primary source based on the managers’ experience. The source therefore promises reliable and accurate data.
Conclusion
I am therefore prepared for the actual research and I look forward to your approval of the initiative that will be significant to managerial decision making in innovation.
Reference list
Ju, B 2012, ‘An evaluation of critical factors influencing product innovation in the food industry- A case study of China Mengniu Dairy Company’, International Journal of Business Management, vol. 7, no. 3, viewed on November 20, 2012, .
Singh, K 2007, Quantative social research methods, SAGE, Thousand Oaks.
Smith, M Busi, M, Ball, P and Meer, R 2008, ‘Factors influencing n organization’s ability to manage innovation: A structured literature review and conceptual model’, International Journal of Innovation management, vol. 12, no. 4, viewed on November 20, 2012, .
Yusof, N Shafiei, M Said, I and Abidin, N 2010, ‘Factors influencing Firms’ readiness towards innovation in house building industry: A multy-dimensional construct’, International Journal of Organizational Innovation, viewed November 20, 2012, . Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Innovation / innovation management (firm, sector, country, or specific Essay”, n.d.)
Retrieved from https://studentshare.org/management/1609075-innovation-innovation-management-firm-sector-country-or-specific-process
(Innovation / Innovation Management (firm, Sector, Country, or Specific Essay)
https://studentshare.org/management/1609075-innovation-innovation-management-firm-sector-country-or-specific-process.
“Innovation / Innovation Management (firm, Sector, Country, or Specific Essay”, n.d. https://studentshare.org/management/1609075-innovation-innovation-management-firm-sector-country-or-specific-process.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Innovation / innovation management (firm, sector, country, or specific process)

Product Innovation on Firm Performance

...in the production processes such as constantly adopting new production techniques that allow rebranding of products to satisfy the market demand as well as the constantly changing consumer preferences. One of the innovative production strategies is the production of goods with different sizes, which are sold at different prices for the high and low end markets (Kim & Huang 2011). Innovative business models are business approaches for managing innovation in the production process such as functional transformation whereby the firm can vary the technologies applied in production to accomplish maximum efficiency. The...
11 Pages(2750 words)Research Paper

Innovation management

...that focus on reduction of pollution. The company owns over 75 production plants which produce similar models of vehicles but with customized approaches to the different geographical locations (Helm, Liehr and Storck, 2011:56). Through the P&G approach, the company’s management is able to reach out for competent and innovative personnel to produce products for the organization in accordance to the specifications and with the notion that the company served as redemption, the recruits shall engage on positive competition to steer performance. The company’s vision and mission and influence to its global competence The global vision denotes to the mission statement for the Toyota Company as...
10 Pages(2500 words)Essay

Innovation Process Design

...., & Ermini, B. (2013). Risk attitude, product innovation, and firm growth. Evidence from Italian manufacturing firms. Economics Letters, 118(2), 275-279. Salunke, S., Weerawardena, J., McColl-Kennedy, J. R. (2011). Towards a model of dynamic capabilities in innovation-based competitive strategy: Insights from project-oriented service firms. Industrial Marketing Management, 40(8), 1251-1263. Thomke, S., Hippel, E. v., Franke, R. (1998). Modes of experimentation: an innovation process – and competitive – variable. Research Policy, 27(3), 14-26. Weerawardena, J., & Mavondo, F. T. (2011). Capabilities, innovation and competitive advantage. Industrial Marketing Management, 40(8), 1220-1223.... ?Introduction A tough competition is everywhere...
7 Pages(1750 words)Essay

Company Innovation Process

...the challenges of today's markets. Motorola Inc has always strived to be a company which, to a great extent, succeeded in bringing these new products steadily and quickly to the market. Motorola has global customer sectors which trust the company for its innovative attempts to bring out the best of software enhanced wireless phones, two way radios and Internet access products. Lately, due to the cut throat competition in the industry, Motorola, for some reasons, has been pushed back to reconsider and strengthen the innovation process of the organization to keep up the consistency of its performance as a world class producers of electronic communication...
4 Pages(1000 words)Case Study

MANAGEMENT INNOVATION

.... The various reviews on the topic also give insights on the study. The various motivations of the project are in the understanding of the different types of analysis and the impact that are been exhibited by the company. The main motivation drives the dynamic behaviour of the country and the change factors. The industrial change factors are much essential in the understanding of the factors that increase profitability and productivity of the firm and the revenue of the country and how it contributes for the growth in terms of the GDP and the income. The objective of the study is to have a keen focus on the various trends from the strategic point of view, analysis and...
17 Pages(4250 words)Essay

Innovation and Process Paper

...Innovation and Process Paper INNOVATION AND PROCESS PAPER Introduction Innovation plays a vital role in the success of any organization. As per the Business dictionary, “Innovation is the process by which an idea is transformed into services or goods that people are willing to purchase” (2012). In order for innovation to drive success in any organization, it has to produce results. The first phase of an effective innovation process is the identification and segmentation of its customer base. This is advised by the fact that not all customers are the same. Organizations, therefore, need to select their target customer groups with specific messages developed especially for them. It is also important that the organization understands... ....
2 Pages(500 words)Research Paper

Innovation management

...television that shall be controlled by voice, gestures and expressions of the user. The report brings out a comprehensive study of development, launch, implementation and execution of the desired product into the marketplace. Organization outline Samsung and its success has been recognised the world over through the last decade. The South Korean company has been synonymous with being the world leader in terms of televisions production and mobile phone technology. The company has also been ranked among the world third most innovating firm by the Fast Company Magazine. The company has grown over the years to become the global leader in consumer electronics from being a local industrial player in its home...
18 Pages(4500 words)Essay

Innovation Management

...Innovation Management Question Introduction With the wake of increased competition in the market, businesses have to develop and come up with new products that never existed before or modify the existing ones into a more fulfilling forms. However, an introduction of such new inventions may sometimes meet challenges especially if the government cannot protect the inventors from being copied. Most sovereign states have therefore made a move to ensure this protection by granting the inventors with patent rights. These are exclusive rights that are provided to the innovator/ creator of a unique product protecting their inventions from modification or copying for a specific...
2 Pages(500 words)Essay

Innovation Management

...viewing for it. When all is said in done, capital escalated, production processes will probably show economies of scale and degree than are work or materials serious processes. By offering expense focal points, economies of scale and degree not just influence the sizes of firms and the structure of business sectors; they likewise shape basic business strategy choices. For example, whether autonomous firms ought to combine and whether a firm can accomplish long haul expense favourable circumstances in the business sector through development. Conclusion In conclusion, innovation is the key variable in...
14 Pages(3500 words)Essay

Innovation Management

...«Innovation Management» INTRODUCTION Technology and competitiveness relationship has become an important area of investigation for both the theoretical and empirical analysis[Bru95]. Organisations operating in all sectors are rapidly investing in technology and innovation to improve their processes and to enhance their efficiencies. Wal-Mart stores have developed a computerised inventory management system in which the orders from suppliers are electronically made and the warehouses and retail stores are maintained. The suppliers automatically receive the information about the lack of a particular product in the warehouse or in the...
10 Pages(2500 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Innovation / innovation management (firm, sector, country, or specific process) for FREE!

Contact Us