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Innovation management allows the organization to respond to external or internal opportunities, and use its creativity to introduce new ideas, processes or products. [2] It is not relegated to R&D; it involves workers or users at every level in contributing creatively to an organization's product or service development and marketing.
The first full-length discussion about innovation was published by the Greek philosopher and historian Xenophon (430–355 BCE). He viewed the concept as multifaceted and connected it to political action. The word for innovation that he uses, kainotomia, had previously occurred in two plays by Aristophanes (c. 446 – c. 386 BCE).
Changes considered by enterprise architects typically include innovations in the structure or processes of an organization; innovations in the use of information systems or technologies; the integration and/or standardization of business processes; and improvement of the quality and timeliness of business information. [citation needed]
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 ...
The technology-organization-environment framework, also known as the TOE framework, is a theoretical framework that explains technology adoption in organizations and describes how the process of adopting and implementing technological innovations are influenced by the technological context, organizational context, and environmental context.
Cycle of research and development Spending on research and development as share of GDP (2015). Research and development (R&D or R+D) [1], known in some countries as experiment and design, is the set of innovative activities undertaken by corporations or governments in developing new services or products.
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According to the values-based view on innovation management, these human values and normative orientations, that underlie an organization's attitudes and behaviors, are pursued by all organizations. Therefore, the values-based view implies an understanding of what is most important for an innovation project, an organisation, or what a firm ...