Professional Documents
Culture Documents
What is it?
concerned with the new or the novel.
Distinction between innovation and invention?
Is innovation technology based? Many of the more
significant innovations of the 20th century are
organizational rather than technology based.
Managing and Facilit
Management of Innovation
Some Important Issues
Within an organisation
Fundamental tension between stability and creativity
Conflict between top and lower tiers?
Between strategy making and local autonomy?
Strategic Innovation
Peter F Druker
What all successful entrepreneurs have is not a certain kind of
personality but a commitment to the systematic practice of innovation.
All sizes of businesses engage in highly successful entrepreneurship.
Hence it is an activity!! At the heart of that activity is innovation.
Sources of innovation:
*Within a company: Unexpected occurences
*Outside a company:
Incongruities
Process needs
Industry and market changes
Demographic changes
Changes in perception
New knowledge
Managing Innovation:
an uncertainty reduction process
Alan W. Pearson
Innovation means change.
Such changes can be incremental or radical,
evolutionary or revolutionary, enabling or disruptive. They can have
different effects upon producers and users.
ENDS
Exploratory
research
MEANS
Managing and Facilit
Knowledge Creation
From four standpoints:
1. Knowledge creation in the process of design, emphasizing
the role of reflective practitioner
2. Nonakas framework for analysing knowledge creation as
the interplay of tacit and explicit knowledge.
3. Knowledge creation through experimenting and prototyping.
4. Learning and innovation.
Knowledge Creation
Continuous innovation
Competitive advantage
Knowledge creation as the basis of competitive advantage
(Nonaka and Takeuchi, 1995)
Intellectual Capital