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It elaborates upon the interrelations between innovation management, an established management practice and field of research, and values-based management, [2] which is generally dealt with in business ethics and focuses on the ethical concerns related to corporate management.
Innovation management is a combination of the management of innovation processes, and change management. It refers to product , business process , marketing and organizational innovation. Innovation management is the subject of ISO 56000 (formerly 50500) [ 1 ] series standards being developed by ISO TC 279 .
Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
Innovation, however, is by definition novelty. Comparisons are thus often meaningless across products or service. [78] Nevertheless, Edison et al. [79] in their review of literature on innovation management found 232 innovation metrics. They categorized these measures along five dimensions; i.e. inputs to the innovation process, output from the ...
David A. Schon introduced the notion of bootlegging into economics and business administration literature in 1963. Bootlegging, as it is illegitimate behaviour, may cause an ethical dilemma between moral imperatives (i.e. the anomie caused from management's action plan versus the task to innovate). However, sometimes bootlegging can be carried ...
Opportunity management (OM) has been defined as "a process to identify business and community development opportunities that could be implemented to sustain or improve the local economy". [ 1 ] Opportunity management is a collaborative approach for economic and business development.
Exploratory and value-added innovation require different leadership styles and behaviors to succeed. [14] Value-added innovation (PwC, 2010) involves refining and revising an existing product or service and typically requires minimal risk taking (compared to exploratory innovation, which often involves taking a large risk); in this case, it is most appropriate for a leader for innovation to ...
Value-oriented framework, analyzing ethical problems on the basis of the values which they infringe (e.g. honesty, autonomy, privacy, transparency).An example of such an approach is the American Marketing Association Code of Ethics.