Discuss the characteristics of managing innovation listed on p. 23 of The Management of Technology and Innovation
Managing Innovation Summary
Discuss the characteristics of managing innovation listed on p. 23 of The Management of Technology and Innovation. As a team, rank the six factors in order of most important to least important to the innovation process. Write a 350- to 700-word summary of your discussion that includes the following:
Your team’s rankings with a brief description of each characteristic
A description of how the team approached the assignment and arrived at a final decision for your order
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MAKING DECISIONS FOR MANAGING INNOVATION 6 FACTORS!!
Fostering creativity is essential to managing innovation. However, it is more than encouraging individuals to think outside the proverbial box. It includes developing an environment of discovery in the organization. Delbecq and Mills 16 described the characteristics of firms that manage the innovation process well. These firms are characterized by:
Separate funds for innovation
Periodic reviews of informal proposals by a group outside line management
Clear direction on studies to be done and follow-ups that are expected
Extensive boundary-spanning activities to learn from others and to gain an understanding of what others are doing
Sets of realistic expectations
Supportive atmosphere for “debugging” and exploring variations as well as appropriate resources for maintenance and service
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The most important factor to the innovation process is an enabling environment that gives the people in the organization a chance to be creative. This environment helps the innovators to correct the errors in the organization in order to reach at decisions that bring about changes in the organization. The reason why this is the most important factor is because it is the one that allows for an enabling environment for people to be innovative. Without this, the rest of the factors would not make any sense. The second most important factor to the innovation process is putting the money for innovation purposes. This….
APA
478 words
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