Nobody downloaded yet

Managing Innovation - Essay Example

Comments (0) Cite this document
Science seeks theoretical or abstract models for natural phenomena, while technology seeks to develop practical devices for human use. In the past, the connection between the two was not systematic nor sustained or continuous. As years went along, the interaction of science and technology followed two different paths.
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER92% of users find it useful
Managing Innovation
Read TextPreview

Extract of sample
"Managing Innovation"

Download file to see previous pages This occurs when technology has developed new instruments which can profoundly affect scientific theories; or, technology has discovered new methods which require explanation through the development of new theories by scientists to explain occurrences.
The first pathway is exemplified by the invention of the telescope, which started the development of better astronomical instruments which made the old theory of the universe having the earth at its center so inexplicable that the idea of a sun-centered solar system became more realistic.
Interaction between science and technology has increased especially in the 20th century. It often takes the path from scientific knowledge resulting to practical devices. However, this path is often long, and can be subject to stops, starts and changes in direction. Thus, the flow of information in this case is not linear, but is non-linear or can take any direction or sub-directions.
Governments have in recent decades implemented measures designed to speed up the flow from scientific knowledge to technology. As an example, the automotive industry had been able to come up with theoretical developments within decades. In contrast and prior to government interventions, such developments may have taken centuries to develop. The minimal interaction between science and technology in the past can be attributed to the limited areas they work in, which also limited their chances of bumping into each other. As both expanded, this allowed them more contact with each other.
Industries are able to develop technologies to put theories into practical use and to aid in the development and production of products and commodities. As technologies improve, new applications are also discovered which may require explanations based on scientific knowledge. Thus, science produces new ideas or theories to explain occurrences or phenomena from technologies. The new theories and ideas produced by science or scientific knowledge would again bring about the development of new devices and tools for practical application in industries.
Thus, the interaction between science and technology results in a continuous and dynamic cycle of development among the two elements. This benefits industries through the continuous generation of innovations. The more dynamic the interaction between science and technology within an industry, the more innovative that industry becomes. And establishments or businesses within that industry who have better and faster access to information about innovations, scientific knowledge and technologies, often have the winning edge over the competition. Innovation through the interactions of science and technology have also become faster. It used to be that innovation meant the slow build-up of changes passed along from one generation to another. It used to be that changes were done using the "cut and tried" method, wherein an innovation is developed and tried to find out if it works. This is not only slow but also expensive. It is faster and less expensive if to already have an idea on how the change or innovation would result to, even before it is made. However, this method requires a theory. Thus, science is needed in this faster and cheaper method of arriving at change.
2. For a firm, diversification into new product markets is constrained ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Managing Innovation Essay Example | Topics and Well Written Essays - 4500 words”, n.d.)
Managing Innovation Essay Example | Topics and Well Written Essays - 4500 words. Retrieved from
(Managing Innovation Essay Example | Topics and Well Written Essays - 4500 Words)
Managing Innovation Essay Example | Topics and Well Written Essays - 4500 Words.
“Managing Innovation Essay Example | Topics and Well Written Essays - 4500 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
Managing Innovation & Entrepreneurship
...?MANAGING INNOVATION & ENTREPRENEURSHIP Take Home Examination Answer 807 words Answer 2: 909 words Answer 4: 834 words Total wordcount: 2,550 words Table of Contents 2 Question 1 2 Question 2 5 Question 4 9 Question 1 “Innovation is the same as technological advances.” Do you agree or disagree with this statement? Use course readings and at least two case examples to support you answer. I disagree with the statement that Innovation should be equated with technological advances. So much of innovation is not based on technology! Innovation is a new and unique way of looking at something, of combining different elements so that the new...
10 Pages(2500 words)Assignment
Managing Innovation and Creativity at Topman
...?Managing Innovation and Creativity at Topman Background of Topman Men’s fashion is not always something that people think about as being innovative and creative, but there are many clothing manufacturers and retailers who are looking for ways to improve their bottom line. They hire individuals who can help them stand out in the world of fashion. One such business is Topman the seller of men’s fashion. Topman is actually a stand-alone fashion business that was started by Peter Robinson in 1978. Topman exclusively caters to men and their stores can be found throughout the United Kingdom. The point that Topman wants to make is to “provide a new approach to menswear retailing” (Fashion Model...
8 Pages(2000 words)Essay
Managing Innovation Technology
...A Case Study in Managing Innovation Technology: An analysis of the UK Inland Revenue and EDS partnership Introduction Organisationshave various reasons for bringing innovation into their organisation. This innovation can arise in the form of new products and services which often leads to service and product improvements. Even if new products or services are not introduced into the organisation, innovation can also present itself in the form of enhancements to existing products and services. Depending on the organisation and its aims and objectives, innovation can result in better design, branding, channels of distribution and even...
20 Pages(5000 words)Essay
Managing Innovation in the Pharmaceutical Industry
...Managing Innovation in the Pharmaceutical Industry - Opportunities and Challenges Table of Contents Introduction Pharmaceutical industry like any other industry and more so, is driven by innovation. Innovation that would ensure the constant one step ahead of the competition and would make the company be a market leader than a follower. Markets change with requirements of the people and with the identification of every new cure to a disease there is a greater satisfaction and market development for the company. In most cases, the research undertaken by the pharmaceutical companies drive the entire industry; even the practice of the medical professionals. Outpacing of the...
28 Pages(7000 words)Coursework
Managing Innovation by Cross-Functional Teams
...Managing Innovation by Cross-Functional Team. The case of Firms and Organization in the Freight Forwarding Industry Table of Contents 0Introduction 1.1Problem Statement and Research Questions 1.2 Objectives and Purpose of studies 1.3 Importance and Significance of Studies 1.4 Structure and Research Design 2.0Literature Review 2.1Summary of Literature 3.0Research Methods 3.1Methodology 3.2 Sample 3.3 Sampling 3.4 Data Analysis 4.0Expected Outcome References 1.0Introduction Innovation has to do with change management. To innovate is to change and working with cross functional team has to do with diversity and culture. Andrews (1997: p. 52) defines corporate strategy as “the pattern of decisions in a company that determines... on. (Cao...
6 Pages(1500 words)Research Proposal
Managing Innovation at St. Lukes Medical Center
...MG:8653 Managing Innovation November 19, 2009 Managing Innovation at St. Luke’s Medical Center Introduction Every organization exists to achieve a purpose. In order to attain organizational goals, a set of policies and strategies are defined and developed by management. As averred by Christensen, Andrews, & Bower (3), policy is “the study of the functions and responsibilities of senior management, the crucial problems that affect success in the total enterprise, and the decisions that determine the direction of the organization and shape its function”. One of the strategic management decisions undertaken by aggressive...
14 Pages(3500 words)Essay
Managing Innovation and Change
...decisions and their outcomes are positive and reflect in the organizational behavior that ignites and maintains the firm’s standards on creativity and quality innovations. Businesspersons require being visionary people who are both original and goal oriented. David, Mayle, 2006, Managing Innovation and Change. Journal of Organizational Behavior Innovation, Vol. 3, pp. 3–22 Encapsulates Competency in communication where capabilities to incorporate viable methodologies in transmitting new ideological proposals are upheld to the uttermost. This relies heavily on individual communication skills, pinpointing relevant information and ideas and the ability to give direct...
2 Pages(500 words)Essay
Managing innovation and technology case study
...Smartphones Introduction Smartphones have now become a part and parcel of our lives, and without them most of our lives are incomplete. This innovation came about at the end of 20th century and since then has become extremely popular all over the world. Younger generation is more attracted towards Smartphones because of the services and applications these phones have to offer. Many companies are manufacturing Smartphones and the competition among them is fierce. All of them are trying to capture the ever growing market of Smartphones. In this paper a discussion will made on the technological innovation of Smartphones. Strengths and weakness of this innovation will be discussed alongside...
5 Pages(1250 words)Essay
MANAGING INNOVATION AND ENTREPRENEURSHIP ( Take home exam) recognize and reward creativity and discovery. The Business Masters reading on Innovation Breakthrough has established a number of programs and awards (pp. 56-57), namely the golden Step Award, the Technical Circle of Excellence, Carlton Society, Genesis Grants and Alpha Grants. Small enterprises do not need to establish grand awards and societies, but should recognize before the management and peers, those individuals whose initiatives have contributed much to the organization. Lesson 5: Insight can come from anyone and anywhere. Innovative ideas can come from the most unlikely places in the organization. The Business Masters reading states that 3M owes its survival to William L....
11 Pages(2750 words)Essay
...of innovation. Innovation of a new value curve is therefore a good thing to be applied as it could substantially justify this model, creating a substantial competition that would create rivalry among existing firms, providing a chance to create an industry. This new value curve will still create the same industry, but would be something new as the level of beating competition may possibly turn out into another new level. Products and services in the actual setting need to be defined compared and positioned (Moore, 1999). The value curve, as a useful tool could help managers and marketers do all these tasks. Innovation and value creation are associated with each other....
11 Pages(2750 words)Essay
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 Managing Innovation for FREE!
logo footer
Contact us:
Contact Us Now
FREE Mobile Apps:
  • StudentShare App Store
  • StudentShare Google play
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • Miscellaneous
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us