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Showing posts with the label innovation systems

Measuring Innovation in Organizations

Organizational innovation is an important aspect of growing products and services for international markets. Without innovation new revenue streams will not be developed and older revenue streams will suffer from higher levels of international pressure. Encouraging organizations to grow, develop, and overcome their market challenges is tantamount to innovating the economic system. Research helps indicate what measures organizations are using to measure innovation in an effort to improve their operational and financial performance. Innovating organizations are often seen as improving the system that works to produce better and more relevant outputs.   An innovative system consists of the participants or actors and their activities that create a socio-economic environment where these actors function together to determine innovative performance of the system (Eggink, 2012).   Under such a definition the entire organization is a social-economic group or bubble where the internal