Innovation Management Is The Carrying Out Of New Combinations

1189 WordsMay 8, 20175 Pages
Alecusan and Dimitrescu (2016) states that innovation is the carrying out of new combinations. It can be carried out by means of a detailed innovation process that can be come up with in different steps. Also, It is defined as how a product or service is come up with in market and how new challenges and opportunities are met. It relies on advanced technology, technological development and exists technologies. Moreover, it is driven by the ability companies has to provide network, to find chances and to get benefits from them (Lopes, Kissimoto, Salerno, Monteiro de Carvalho, and Laurindo, 2016). However, some may have different versions of innovation definition. It shows that there is no common definition of innovation publicly. Moreover,…show more content…
Steve Jobs did a great job in innovation management by using a strategy, called " Think Different". So, Apple turned out into a coup. It shows that Apple is good at implementing new ideas by innovation process and proves the importance of innovation management. Contingency theory offers the possibility to understand better how background affects innovation management, so there is only an optimal organizational structure which fits a given contingency (Donaldson, 1996, as cited in Tidd, 2001). So, it shows that a better fit between organization and contingency leads to a higher organizational performance. (Donaldson, 1999; Drazin and Van de Ven, 1985 as cited in Burgelman, 1984). In term of the external contingencies driving innovation management, uncertainty and complexity definitely affect it. According to a recent research, it suggests that uncertainty and complexity get a significant influence on the organizational of innovation and innovation management (Tidd, 1995). It concludes environmental uncertainty influences both the magnitude and the nature of innovation. It shows that controlling innovation is impossible. Particularly, it appears to affect the organization of innovation and innovation management (Hauptman and Hirji 1999; Souder et al. 1998, as cited in Miron, Erez and Naveh, 2004). Moreover, complexity is a mixture of technologies and their interactions. According to a recent
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