Innovation Management Techniques Research Articles

Orde ab Chao Method for Disruptive Innovations Creation (With COVID-19 Pandemic Case Application).

This paper introduces a novel method for the creation of ideas for disruptive innovations. It provides an application of innovation management techniques to specifics of disruptive technologies, which stand behind the Industry 4.0 (and Society 4.0) changes that are taking place at present. Centered around the Ordo ab Chao technique, the paper presents how contemporary disruptive technologies can attain reflections in the complex creative process that has to lead to disruptive ideas and innovations. Quite some innovative thinking techniques already exist. However, they fail to place emphasis on creation of ideas that are tied to emerging disruptive technologies so as to further deploy them in a focused, yet innovative manner. Hence, this paper presents an effective technique that facilitates creation of disruptive ideas with a focused potential for real-life implementations. Practical application of the method related to challenges in higher education processes amid the COVID-19 pandemic is also demonstrated. Based on the understanding of existing disruptive technologies, the technique is used for the adaptation and improvements of distance-learning processes to further add value for students and our society in general. In brief, the Ordo ab Chao technique is a promising tool for systematic development of disruptive solutions, representing a creative synergy between cutting-edge technologies and innovation management approaches.

INNOVATION MANAGEMENT TECHNIQUES AND TOOLS: ITS IMPACT ON FIRM INNOVATION PERFORMANCE

Innovation management is a subject that raises the interest of academics and practitioners in the field of management. However, the academic literature is scarce regarding the details of implementing it in a systemic and routinised way. Additionally, although there are multiple tools and models to apply it at a firm level, there is little information concerning its effectiveness. The purpose of this paper is to fill this research gap by analysing how the utilisation of Innovation Management Techniques (IMTS) influences the innovation performance of firms. The research was based on a large and representative sample of industries in the Basque Region in Northeast Spain. The primary conclusions drawn from the research are that IMTS have a definite positive impact on the firm’s innovation results, and some of them have a stronger influence, with a significant impact on incremental innovation; the latter results will affect the radical innovation performance of the companies. Additionally, it has been concluded that the industry environment has a strong moderating influence on this relationship.

Small and medium enterprises development in scientific and innovation perspective

Small and Medium Enterprises (SMEs) are critical components for any country. It demands systematic examination based on theory and proves its significance. In our case, finding explanations is required why SMEs are important, about its historical background and what it would deliver in the times to come. As the issue of SMEs is yet to recognize by the respective governments over time, it is inevitable to identify and find way out to address the concerns of the sector. The main objective of the paper is to make an inquiry into the increasing importance of SMEs in Nepal. While analyzing Nepal's SMEs, European SMEs are taken into consideration including other countries in an innovation perspective and technology transfer. Based on the empirical evidence and innovation theory of management propounded by the world-renowned scientists, we have tried to find solutions scientifically related to the weak absorptive capacity of SMEs to go in an innovative way for their advancement and technology transfer in Nepal SME as the role of SMEs is deemed critical for job creation and economic growth. The lessons from European and other developed economies could transform SMEs into more productive ones through innovation and push for the sustenance in the long run. The research shows that defining the SMEs in the Act itself is not sufficient to promote the sector. Rather, the SMEs should be advanced through the adoption of innovation management techniques and technology transfer with facilitation from acknowledgment management and partnership approach to their sustainability. Conclusion: the country needs to adopt a strategy to define the SMEs in a professional manner like other countries; introduction of some rules and regulations to encourage the sector in terms of incentives and finance; introduction of SME Policy to consolidate SMEs, which also needs to focus on technology transfer and knowledge management for adopting innovative approach for the advancement of the sector.

Innovative Management Techniques in the Field of Environmental Education

Nowadays the global trend of transition to a knowledge economy is promoted Establishment of such an economy is necessarily connected with the creation of an efficient innovation system of the labor force educational role that can transform the growing volume of information into an effective knowledge, which they can subsequently apply. The support process of innovation has become the most important part of science, development and application of knowledge-based society. Advanced economies consider science, research and innovation for the most important tools of technology independence and of long-term economic growth. An essential rule of any economy is therefore to support the creation of knowledge and innovation. To support the managing process formed has been a set of innovation management techniques (IMTs), are invariably considered to be effective tools for boosting competitiveness.

The Trends in Usage and Barriers of Innovation Management Techniques in New Product Development

This paper reports the results of a survey on the use of innovation management techniques (IMTs) with the potential to improve effectiveness of new product development (NPD), and customer satisfaction as well as about those barriers preventing their introduction in Slovene firms in the period from 2003 to 2011. The results show that small percentage of Slovene firms used IMTs. Failure mode and effects analysis (FMEA) was found as the most applied IMT in Slovene firms with the highest perceived utility potential to reduce development costs and improve customer satisfaction. Results also indicate a trend towards the increasing use of fault tree analysis (FTA), value analysis, target costing, and TRIZ especially during the period of 2008-2011 which coincides with the period of economic and financial crisis. IMT complexity, a needed coaching and training and the lack of input data for IMT usage were recognized as the main barriers to implementing IMTs in Slovene firms.

Risk Management Era in European Credit Institutions: Predictable Mutation in XXI Century

In the market economy, globalization, liberalization and diversification of financial markets, fierce competition between the credit institutions and many of the products and services offered by them are the main factors that have exposed the banking sector to new risks, while leading to multiple challenges. For these reasons it is becoming increasingly important both permanent innovation and risk management techniques tools as well as banking performance. Only a pertinent analysis and a very good knowledge of the new tendencies in banking financial risk management can provide credit institutions in Romania efficient options on their use of management, while obtaining a higher profitability and an adequate level of liquidity.

Games for Health

How to reduce cost, improve quality, and improve customer engagement are top of mind for healthcare leaders. Healthcare organizations are developing and testing comprehensive engagement strategies to support consumers across the care continuum. In this environment some form of priority setting must occur, and it requires establishing connections between proposed innovation to a process of care and the outcomes. Digital tools offer a promise of meaningful measures that are affordable, embedded in the care delivery system and truly reflect patients’ experiences through the patient journey. This paper proposes a pragmatic path for building a business case for innovative digital health tools in community care settings. It overlays value model for healthcare IT investments with patient activation measures and innovation management techniques. It proposes that the intersection of system-generated measures and psychometric methods for data collection and analysis may lead to development of feasible patient engagement measures for healthcare.

A Novel Innovation Management Process: For Applications in Fields such as Food Innovation

The sustained competitive advantage of a company today requires the management of internal and external knowledge and leveraging it to create innovation. The 21st century is rapidly moving into what is being called the "global knowledge economy," marked by the increased turbulence, uncertainty, and ambiguity of the current economic climate. Managing innovation requires research methods which evaluate: a) the technological abilities, b) the procedures, and c) the needs of a company/organization and propose specific actions for improvements, progress, and development. This paper proposes a process for managing innovation in small to medium size enterprise (SME). In order to support this process, this article elaborates on the innovation management techniques through a directory, which organizes techniques and tools into four generic types and 36 sub categories. Finally, to demonstrate this process a fictitious case example is presented.

Innovation management techniques and development degree of innovation process in service organizations

Service markets are becoming global, open and competitive. Knowledge is more available, technology more complex and service life‐cycles are shortening. In order to satisfy this challenge, more innovation management tools are required to get better and more successful new or improved products and services. This paper analyzes the relationship between the use of innovation management tools (IMT) and the degree of development of innovation process through the application of a five phase innovation model (TEMAGUIDE). This is undertaken in a group of service organizations from three sectors: trade, healthcare and education. The sequence of the innovation process development is defined between activities and use of innovation tools. Results show that activities and practices are more developed than use of innovation management tools, and also show that leading innovation organizations have a higher use of IMT.

Innovation management technique (IMT) for very small-enterprises: concept, development and application

Open innovation suggests that the ability to absorb external knowledge has become a major driver for competition among enterprises. However, little attention has been paid to how very small enterprises (VSEs) deal, and handle innovation. In fact, most of the VSEs are not capable to implement innovation themselves. Innovation management techniques (IMTs) are methodological approaches aiming at the improvement of enterprises’ competitiveness by means of knowledge management. In this paper, we develop, test and evaluate a new methodology of IMT indented for VSEs of less developed regions such as the region of North Aegean of Greece. The method developed includes five phases of implementation and a plan for each VSE actions. The results of the pilot IMT application showed that there was a positive react by the entrepreneurs. This study proves the theory that the application of innovations depends on the human innovative resource rather the size of the company.

Innovation Management Techniques: A Strategic Tool for SMEs in an Innovative Region

Innovation plays an important role in the process of regional development and even more in an Industrial and Manufacturing environment. This paper analyses the process of innovation and the models that proposed in the past to explain that process. Furthermore describes the development of a simple new model of the innovation process, which could become the base of the analysis of Innovation Management Techniques (IMTs), techniques which are a necessity to the manager of Small and Medium Enterprises (SMEs) as well asLarge Companies in order to sustain the innovative edge of their business.

How Innovation Management Techniques Support An Open Innovation Strategy

OVERVIEW:How to achieve a sustained competitive advantage that ensures long-term survival is a major concern for managers everywhere, but even more so for those in smaller firms, which may have more difficulty enduring under hostile environmental conditions than larger organizations. Because innovation is a key driver of sustained competitive advantage and sustainable business growth, the management of innovation is a central concern for these firms. While research in innovation management has provided many insights into specific aspects of innovation, the encompassing problems confronting general managers, especially managers of small and medium-size firms, have been overlooked in the development of innovation management tools. As a case study in the value of innovation management techniques and tools in the development of a collaborative innovation network, this paper analyzes the use of innovation management techniques and tools by a leading Spanish elevator manufacturer's research unit in implementing its open innovation strategy. This empirical study will help managers to understand the role of innovation management tools in structuring an open innovation strategy based on collaboration and technology transfer.

Innovation management techniques and tools: a review from theory and practice

Knowledge is considered to be an economic driver in today's economy. It has become a commodity, a resource that can be packed and transferred. The objective of this paper is to provide a comprehensive review of the scope, trends and major actors (firms, organizations, government, consultants, academia, etc.) in the development and use of methods to manage innovation in a knowledge‐driven economy. The paper identifies the main innovation management techniques (IMTs) aiming at the improvement of firm competitiveness by means of knowledge management. It will specifically focus on those IMTs for which knowledge is a relevant part of the innovation process. The research study, based on a survey at the European level, concludes that a knowledge‐driven economy affects the innovation process and approach. The traditional idea that innovation is based on research (technology‐push theory) and interaction between firms and other actors has been replaced by the current social network theory of innovation, where knowledge plays a crucial role in fostering innovation. Simultaneously, organizations in both public and private sectors have launched initiatives to develop methodologies and tools to support business innovation management. Higher education establishments, business schools and consulting companies are developing innovative and adequate methodologies and tools, while public authorities are designing and setting up education and training schemes aimed at disseminating best practices among all kinds of businesses.

U.S. Newspapers and the development of online editions

Media managers in the 21st century will need to constantly assess and respond to emerging technologies that have the potential to disrupt the industry. This project examined the innovation‐management processes that the newspaper industry used to respond to the Internet, using an analytical framework of recommended innovation management techniques derived from previous research. The study found that newspapers’ innovation‐management processes were generally haphazard and that industry executives should be better prepared in the future to manage innovation. From a theoretical perspective, the study also found that organizational responses to emerging technology were related to the senior executive's perception of the nature of the technology. The paper concludes that future innovation management research should control for variances in the technology's perceived nature.

Building competitive skills in small and medium-sized enterprises through innovation management techniques: overview of an Italian experience

The paper reports on the work and the results of the IMTIC (Innovation Management Techniques for Industry Clusters) Project supported by the European Commission’s Innovation Programme. The purpose of the project was to make industrial small and medium-sized enterprises aware of the possibilities offered by innovation management techniques (IMTs) in planning and implementing long-term business strategies. IMTs were presented and outlined to a number of industrial clusters in five Italian regions in the areas of: (i) marketing of innovation, (ii) Technology Watch (TW), (iii) Technology Search (TS), (iv) management of intellectual property rights and (v) quality management. The Institute for Studies on Research and Scientific Documentation (ISRDS) of the National Research Council (CNR) of Italy was one of the subcontractors for the project. The main task assigned to ISRDS/CNR was to set up the methodological framework for two innovative techniques: TW and TS. In particular, the methodological process for setting up TW and TS is described. Monitoring by ISRDS of the project phases and the control of the results are also described.

Building competitve skills in small and medium-sized enterprises through innovation management techniques: overview of an Italian experience

Building competitve skills in small and medium-sized enterprises through innovation management techniques: overview of an Italian experience