Difference between revisions of "Managing Innovation – Integrating Technology, Market and Organizational Change"

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(Created page with "= Author(s) - Jyoti S A Bhat = === Title - Managing Innovation – Integrating Technology, Market and Organizational Change === === Source - http://www.business-asia.net/Upl...")
 
(Author(s) - Jyoti S A Bhat)
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=== Source - http://www.business-asia.net/UploadedFiles/ApcttDocuments/Bath.pdf ===
 
=== Source - http://www.business-asia.net/UploadedFiles/ApcttDocuments/Bath.pdf ===
 
=== Abstract ===  
 
=== Abstract ===  
Innovation and creativity have both been very important to the growth and
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In the recent years, there have been fundamental changes in the global economy. The article propose a scenario for the rapid generation and commercialization of new technologies, enhanced frequency of innovations, the shortening of techno-economic life cycle, globalization of transnational’s, intensive R&D programs, etc., in which the primary influence has the one of innovation. Slowly innovation became the one part of industry that made the separated domains of Science and Technology to merge again. The article also proposes a categorization of innovation as follows: product innovation, technology innovation, human innovation, organizational innovation, market innovation, business innovation, global innovation, information systems innovation. In terms of adaptive cycle, the innovation ability takes central stage in the fluctuation between can and want, and the certainty and uncertainty.
development of technology. Both have always had a very close relationship with
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human beings. Creative thinking has been an important survival skill since the
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creation of mankind. It has helped man go beyond what worked in the past in every
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endeavour, and come up with new approaches. In recent times, there have been
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substantive changes in the global economy, which makes it absolutely essential for
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any nation to sharpen its technological competitiveness, which is a direct outcome
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of its innovative capability.
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The scenario today is represented by phenomena like the enhanced frequency of
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innovations, shortening of techno-economic life cycles, rapid generation and
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commercialization of new technologies, globalization of transnationals, strategic
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alliancing of large firms, intensive R&D programs, difficulty in accessing critical
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technologies, large multi-country R&D projects, large countries being threatened by
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2
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newly industrialized countries and such others, in each of which the over-riding
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influence has been that of INNOVATION. In this scenario, the strategic
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management of technology, prompted by strategic innovation decisions, governs the
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wealth and prosperity of nations.
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Perspectives pertaining to research and development (R&D), which is an important
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component of innovation management, have undergone a number of changes over
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the years. At first, R&D primarily referred to basic research, efforts were mostly
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scientific in nature and were directed around 'discovery of the unknown'. Some of
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these inventions and discoveries were further developed to satiate the needs and
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curiosity of mankind and this is how R&D became application oriented. Later, when
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industries began to be established, R&D had to be necessarily inducted into
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organizational structures. Slowly, innovation became part of industry and over a
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period of time, the separate domains of Science and Technology started merging.
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Today, activities related to R&D and innovation, need to have a prominent place in
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the management systems of companies, businesses and nations.
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--[[User:Kristina Tasheva|Kristina Tasheva]] 15:03, 11 May 2012 (CET)
 
--[[User:Kristina Tasheva|Kristina Tasheva]] 15:03, 11 May 2012 (CET)

Revision as of 06:34, 28 May 2012

Author(s) - Jyoti S A Bhat

Title - Managing Innovation – Integrating Technology, Market and Organizational Change

Source - http://www.business-asia.net/UploadedFiles/ApcttDocuments/Bath.pdf

Abstract

In the recent years, there have been fundamental changes in the global economy. The article propose a scenario for the rapid generation and commercialization of new technologies, enhanced frequency of innovations, the shortening of techno-economic life cycle, globalization of transnational’s, intensive R&D programs, etc., in which the primary influence has the one of innovation. Slowly innovation became the one part of industry that made the separated domains of Science and Technology to merge again. The article also proposes a categorization of innovation as follows: product innovation, technology innovation, human innovation, organizational innovation, market innovation, business innovation, global innovation, information systems innovation. In terms of adaptive cycle, the innovation ability takes central stage in the fluctuation between can and want, and the certainty and uncertainty.


--Kristina Tasheva 15:03, 11 May 2012 (CET)