Innovation Management in Modern Organizations

Author(s):  
João P. C. Marques

The present context of the knowledge-based economy and society has brought relevant changes with respect to how innovation has been conceptualized and explained. This chapter discusses the characteristics of learning and uncertainty as intrinsic components of innovation over the course of time. A number of views that explain the innovation process are discussed in terms of evolutionary momentum, from the science-push strategy to the market-pull model, culminating in the holistic, integrating view of innovation. The case study illustrates the path of technological development of a Portuguese footwear company, based on the licensing of technology, the capacity for continuing learning and absorption, and a culture of innovation as key elements for success.

Author(s):  
João P. C. Marques

The present context of the knowledge-based economy and society has brought with it relevant changes with respect to how innovation has been conceptualized and explained within companies themselves. This chapter sets out to present and discuss a taxonomy of effective mechanisms for a company to accessing technology and innovation, while understanding the importance of resources and technological competences in defining how to innovate, in line with the type of company (profile) and the strategy of the business. An integrating view of the dimensions of “why,” “who,” and “how” to innovate is suggested, with the intention of helping companies to make choices. The case study shows the technological trajectory of an SME in the Portuguese software industry, based on development R&D alone and in partnership, following an offensive strategy. This will enable it to acquire advanced technological capabilities and an innovative culture for success.


2020 ◽  
pp. 50-74
Author(s):  
João P. C. Marques

The present context of the knowledge-based economy and society has brought with it relevant changes with respect to how innovation has been conceptualized and explained within companies themselves. This chapter sets out to present and discuss a taxonomy of effective mechanisms for a company to accessing technology and innovation, while understanding the importance of resources and technological competences in defining how to innovate, in line with the type of company (profile) and the strategy of the business. An integrating view of the dimensions of “why,” “who,” and “how” to innovate is suggested, with the intention of helping companies to make choices. The case study shows the technological trajectory of an SME in the Portuguese software industry, based on development R&D alone and in partnership, following an offensive strategy. This will enable it to acquire advanced technological capabilities and an innovative culture for success.


Author(s):  
Caroline Wong

This chapter presents Singapore as a case study for the management of change as Singapore transits from a knowledge-based economy to the creative economy. Analysis of the knowledge-based economy suggests that competitive advantage is increasingly derived from investment in intangibles, particularly information and knowledge-based competencies. The film industry is chosen as a microcosm level of analysis to examine the state of the creative economy as the latest phase in Singapore’s economic development as technology and information are increasingly used to navigate and mediate its people, resources and capital. The objective of this research is to examine the types of competencies that enable firms in the industry to stay competitive in the contemporary knowledge-based economy in the light of technological development in the industry. In so doing, it seeks to shed light on what matters for the industry and the role that government has in shaping the creative economy.


2015 ◽  
Vol 17 (4) ◽  
pp. 364-380 ◽  
Author(s):  
Yiwei Gong ◽  
Marijn Janssen

Purpose – The purpose of this paper is to demystify Lean for service innovation by investigating its benefits and risks. Lean innovation is a relatively new approach which is advocated in management literature. Little scientific work about its practice exists in the field. Although the Lean innovation principles are clear, there is limited evidence about their impact on service innovation processes. Design/methodology/approach – From the knowledge-based view (KBV) of the firm, a framework for understanding Lean innovation is developed. Using this framework, the benefits and risks of Lean innovation are analyzed in a case study. Findings – The case study not only shows that Lean service innovation can have many advantages, but also draws attention to the risks. The risks might result in the inability to follow Lean principles and might hamper the realization of the benefits. Using the case studies, study mitigation mechanisms are identified. Originality/value – This research offers a new knowledge perspective and a better understanding of Lean service innovation. There are two main contribution of this paper. First of all, it reports on the impact of Lean innovation on a bank’s innovation processes, both its benefit and risks. This has a contribution to understanding the innovation process in service organizations. Second, this paper extends Lean innovation to a service context and contributes to the knowledge basis of Lean innovation.


2004 ◽  
Vol 48 (1) ◽  
pp. 1-18 ◽  
Author(s):  
Simone Strambach

Knowledge economy, organisational change and knowledge-based regional development - challenges for economic geography. The paper views the emerging knowledge based economy as an important future research topic for economic geography. Significant changes in the innovation process are characteristics of the increasing global integration of economic activities. The emerging knowledge economy is reflected in the shift from scientifically and technologically based innovation processes to new forms of knowledge creation, which are dominated to a lesser degree by technology. The growing importance of service and organizational innovations in innovation systems of advanced economies is combined with wider diversity of knowledge requirements, which include not only technological know-how but also the integration of economic, organizational, and sociocultural knowledge and competences. The aim of the paper is to indicate the complexity of these processes of change and to show that understanding the territorial dimension of the emerging knowledge economy involves major theoretical, empirical and methodological challenges for economic geography.


2016 ◽  
Vol 4 (2) ◽  
pp. 208-219
Author(s):  
Maria Do Rosário Alves De Oliveira ◽  
Domingos A. Girolleti ◽  
Emerson Antonio Maccari ◽  
José Eduardo Storopoli

Economic growth and technological development are closely related. In this article, the   process of technology transfer developed by the UFMG (a new sole cushioning system for a footwear industry in Nova Serrana city, in Minas Gerais State) is analyzed, using a case study. The data were collected from UFMG document research and through semi-structured interviews with the principal stakeholders. The process of technology transfer from the university to Crômic was a great learning process for both institutions. It led to a better relationship between the UFMG and the productive sector, opening up opportunities for new agreements and products. The study identified some aspects that need to be improved, such as simplification of procedures, bureaucracy reduction and regulation of the Brazilian Innovation Law within the departments of the university. The case study shows how much better cooperation between university and industry can contribute to the innovation process and improve competitiveness and the development of our country in these times of economic crisis.


Management ◽  
2013 ◽  
Vol 17 (1) ◽  
pp. 273-290
Author(s):  
Martyna Wronka

Summary The development of a knowledge-based economy necessitates the search for new methods and tools for enhancing organizational learning processes. In this context, many scholars point to the importance of mentoring as a tool to support individual and organizational learning. The paper is an attempt to answer the question: how mentoring helps to stimulate the process of organizational learning? Therefore, this paper discusses the concept of learning organization, concept of mentoring along with associated concepts, on the basis of which experience result from the process of implementing mentoring at university are pointed out. This objective will be achieved through presentation of the results of the literature study followed by case study on the implementation and realization of mentoring programme at one of the polish universities


2021 ◽  
Vol 2 (1) ◽  
pp. 17-28
Author(s):  
Chijioke E. Nwachukwu ◽  
Timothy Onechojon Usman ◽  
Sadiq Oshoke Akhor ◽  
Agboola Omoniyi Oladipupo

As the world moves towards a knowledge-based economy, technology is rapidly becoming a necessity. As a result, Industry 4.0 is gradually changing the face of many aspects of human endeavour. From manufacturing to construction and business, data analytics, blockchain, and artificial intelligence, among other things, look promising and may bring a paradigm shift within the accounting profession. This may be significantly drawn towards auditing. While technological changes seem rapid, taking giant strides towards revamping the accounting industry via modern kinds of audit evidence and testing, it is important to tread cautiously in the adoption of technology for auditing. This is because even though technological improvements are useful to achieve speed and accuracy in the audit work, they pose challenges of causing loss of jobs, difficulty in tracing errors, and other potential problems. This paper, therefore, looks at some recent technological development in audit work, and why this aspect of the accounting profession may require further research.


Author(s):  
Lalih Edirisinghe ◽  
Sampath Siriwardena ◽  
Lakshmi Ranwala

The world entered to knowledge-based economy which is based on the production and use of information. Today computer technology, language proficiency and logistics play a major role. University Curriculum connects the secondary level education and the industry. Therefore, industry inclusiveness is essential in transforming children to an industry worker or an entrepreneur. This paper is derived from an opinion survey, desk research, and a case study. Reports of international institutions were studied extensively in the literatures survey. The respondents of the survey consisted key personnel in the government and private sector covering a cross section of the stakeholders in education and business world. The report analyses are then evaluated and discussed though a case study in Sri Lanka. The practices and procedures in the contemporary education system in the country is systematically explained in this section. The report presents its key recommendation under seven areas as policy recommendations. It includes innovative concepts such as, vertical integration between schools, universities, and industry; extended academic disciplines at tertiary level; changes in the university; review to selection criteria of state universities; new academic disciplines in the school curriculum; technical and vocational education; focus on children with different skills etc.


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