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Showing posts with the label organizational innovation

Innovation Diffusion of Successful and Unsuccessful Projects

Innovation is often a catalyst that spreads change and adaptation through the industries it touches. Like a virus it moves from one industry to the next helping to make the economic system stronger. Because early adaptors of innovation create market advantages (Greve, 2009) such strategic incorporations are sought, adjusted and capitalized on. Great ideas create great interest and spread quickly even when new innovations are secreted by the industries that develop them.  Most people understand the desire to understand and adopt new innovations when they are beneficial but few understand what happens when such innovations fail. Researchers know that such failure is important knowledge because it can either contribute to the next great success or provide key potholes to avoid when developing their own products or services. In either case success and failure both have a beneficial impact on the development of the economic market.  When failures are apparent organizations ofte

Knowledge Sharing Networks and Employee Motivation as Precursors to Organizational Innovation

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We are in the massive explosive age of knowledge sharing and virtual information transference. Organizations are scrambling to find ways of capitalizing on the large movement of information in order to create more efficient and innovative firms. Research helps to support the concepts that effective knowledge sharing is part communication technology and part human motivation.  Knowledge sharing creates opportunities for organizations to meet the needs of customers, generate solutions and create efficiencies that provide opportunity for organizations to more effectively compete on the open market (Reid, 2003). Through this sharing of knowledge workers can better enhance both their personal efforts as well as the resources of the organization.  Organization innovation often rests on the ability to make meaning of important information and then applying it to solve important problems. According to Scarbrough (2003) knowledge sharing is essential to the development of higher l

Measuring Innovation in Organizations

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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