Innovation Management Process Research Articles

Innovation Management and Sustainable Competitive Advantage in the Nigerian Deposit Money Banks

The major objective of the study is to examine the effect of innovation management on sustainable competitive advantage. The cross-sectional survey research design method was adopted for the study. The study adopted the simple random and stratified random sampling technique. The study used structured questionnaire as instrument of data collection. To establish the reliability of the instrument, a test-retest method was employed. The descriptive statistics, correlation and multiple regression analysis was used. Findings showed that 48% of the change in sustainable competitive advantage is brought about by innovation management in the Nigerian deposit money banks. Findings indicated that innovative capability, innovation strategy, and innovation culture have significant positive relationship with sustainable competitive advantage. This study determined that innovation management has influence on sustainable competitive advantage in the Nigerian deposit money banks. The study recommended that for innovation management process to be successful, it is essential that the company support an innovation culture and make employees feel valued.

Eco-oriented culture and financial performance: roles of innovation strategy and eco-oriented continuous improvement in manufacturing state-owned enterprises, Indonesia

This study focuses on investigating the mediating effect of innovation strategy and eco-oriented continuous improvement on the relationship between eco-oriented culture and corporate financial performance. This study provides empirical evidence to the resource-based theory stating that a corporate needs to have valuable, rare, inimmitable, and nonsubstitutable resources to remain competitive. Organization culture, innovation and continuous improvement capabilities are considered as the critical resources that must be developed by a corporate to gain competitive advantage. This study is designed as quantitative research using a variance-based or the partial least square structural equation modeling (PLS-SEM). Study on 103 managers of the manufacturing state-owned enterprises (SOEs) in Indonesia reveals that innovation strategy and eco-oriented continuous improvement partially mediate the relationship between EOC and corporate financial performance. This study contribute to provide greater understanding regarding the need to consider eco-orientation within a corporate life. It implies that for boosting the corporate financial performance, a corporate needs to adapt the eco-orientation and understand the mechanism on how eco-oriented culture affects corporate financial performance using innovation strategy and continuous improvements in eco-oriented operation management processes, customer management processes, innovation management processes, as well as regulatory and social processes. A strong eco-oriented culture will lead to beneficial innovations and eco-oriented continuous improvement; hence it has a positive association to financial performance. Many studies have been conducted on how a culture affects financial performance. However, there are still few studies describing the mechanism of how a culture can improve financial performance using innovation strategy and eco-oriented continuous improvement, especially in the context of environmental issues and in a developing country. Focusing on explaining the mediating effect, this study employs a more comprehensive structural model integrating four eco-oriented variables.

The management of innovative processes in organizations. System-transdisciplinary approach

The article justifies the application of a system-interdisciplinary approach to solving problems of managing innovative processes, especially in the field of planning, organizing and controlling innovative events. Such problems are the justification of innovative events and the selection of their dates. The article describes the principles of innovation classification based on the interdisciplinary model of the information unit of order. The development of the system can be represented as a multiplex of waves or as a set of M-waves. It is shown that the system at each stage of its development is predisposed to changes in a certain trait. The article describes the methodological principles for justifying the dates for planning, conducting and monitoring the implementation of measures in the innovation process.

Systemic imperatives of the integration of education, science and business

According to international experience, the coordinated activities of higher education institutions, science, including new innovative structures (such as technology parks, foresight centers, expert and futuristic communities) and business should be main resource for the formation of effective innovation-driven economy. The focus of integration of education, science and business is on an innovative-entrepreneurial university that contributes to the strengthening and optimization of education and market. The attitude towards the main productive force that is towards an individual of highly intellectual and highly productive labor is changing.The role of specialists of the new format in innovation-driven economy is significant and will constantly grow. The main growth vectors should be intensity of innovations, leading education (with focus on technological progress and innovations), student-centeredness and strategic partnership. Innovative modernization can affect not only the qualitative transformations of socio-economic development, but also destabilize the balance of the economy and contribute to the manifestation of instability. This requires strengthening the interaction between education, science and entrepreneurship through synergy. The mechanism for the formation of an innovative model for the development of higher education should represent relations and institutions that guarantee the transformation of knowledge into new technologies, form a favorable competitive economic environment that provides innovative activity and the development of a fundamentally new innovative production. A problem in the educational activities of universities is the need for the earliest possible development of new areas of broad training of specialists in the field of management of innovative processes and commercialization of technologies, coupled with an insufficient level of real opportunities and incentives.

ВИКОРИСТАННЯ СУЧАСНИХ ІННОВАЦІЙНИХ ТЕХНОЛОГІЙ ПІДПРИЄМСТВАМИ АПК

Стаття присвячена розкриттю теоретичних підходів до сутності інноваційної діяльності підприємства, детально обґрунтовано завдання управління інноваціями та оцінені особливості його здійснення в агропромисловому виробництві. Також в роботі досліджено варіанти використання досягнень науки і науково-технічного прогресу на підприємствах АПК та зосереджено увагу на впровадженні інновацій в тваринництві, зокрема запропоновано шляхи удосконалення управління інноваційними процесами в підприємствах, які працюють в цій сфері. Практична цінність роботи полягає у тому, що на основі розрахованих рівня інтенсивності, результату та економічної ефективності інтенсифікації виробництва свинини та молока в аграрному підприємстві були визначені напрямки підвищення рентабельності продукції тваринництва та обґрунтовані шляхи раціоналізації виробництва.

Innovation intelligence and its role in environmental uncertainty management: a conceptual framework

PurposeOrganizations need actionable knowledge to cope with environmental uncertainty, make effective decisions and develop innovation strategies. Since innovation evolves through generations, the present study aims to unravel and define innovation intelligence, considering this transformation, and discuss how environmental uncertainty is resolved in each one.Design/methodology/approachThis article is a conceptual paper that employs a typology and model approach in its research designFindingsContexts are categorized into ordered and unordered (according to the Cynefin framework), in which intelligence with prediction and control approaches are applied for uncertainty management, respectively. Also, the three generations of innovation management, namely, technology push, market pull and a combination of these two (hybrid), intelligence benefit from a prediction approach, and in the networked (collaborative) generation, intelligence takes advantage of a control approach.Research limitations/implicationsThe conceptual approach adopted in this research is limited to, and focused on, understanding intelligence, innovation intelligence and presenting preliminary insights into their relationship with uncertainty management.Practical implicationsThis research guides decision-makers to adopt the appropriate intelligence approach to manage uncertainty during their innovation management process and illustrate it by the industry uncertainty matrix and COVID-19 pandemic situation.Originality/valueThis study proposes a typology of intelligence based on different knowledge pyramids. Also, it introduces innovation intelligence and its relation to knowledge management and environmental uncertainty management that has not yet been clearly addressed in the literature. Moreover, it determines the uncertainty management approaches for each variant of innovation intelligence.

Innovation management processes to accelerate FPSO design

Innovation management processes to accelerate FPSO design

Value propositions of chatbots to support innovation management processes

Chatbots have become popular in recent years as a means of supporting a company’s external communication with customers, but they are also increasingly being used for internal purposes, especially to improve and accelerate workflows. Along these lines, recent studies have suggested that chatbots can also be applied to other internal business practices, such as innovation management. Nevertheless, the use of chatbots for innovation management is still an under-researched topic, and practical experiences are largely missing. We address this gap by identifying value propositions of chatbots to support a company’s innovation management process. Furthermore, we link the value propositions to particular process steps and success dimensions. To do so, we perform a literature review and complement the findings with expert interviews. This study contributes to a better understanding of the benefits of chatbot usage for the innovation management process.

ORGANIZATIONAL AND ECONOMIC MECHANISM OF PROJECT MANAGEMENT OF INNOVATION AND INVESTMENT ACTIVITIES OF INTEGRATED INDUSTRIAL STRUCTURES

In this article, the author has modernized the organizational and economic mechanism of project management of innovation and investment activities of integrated industrial structures, which is focused on the innovation of budgeting and provides integration of the constituent elements: the hierarchy of management levels, functions of investment and innovation management processes, the subject structure and evaluation criteria based on a systematic approach. The main attention is paid to the formation of a model of information support for project management in a multi-level integrated structure based on the START-up-IP system using the ALTIUS START software product. An algorithm for project management of innovation and investment activities of integrated industrial structures is proposed. The evaluation of the main performance indicators of the integrated industrial structure of SIBUR-Neftekhim as a result of the implementation of the proposed mechanism is given.

Innovation and Brands: The Managers’ Perspective in a Multiple Case Study in a Brazilian Region

This article aims to identify what an innovative brand is from the perspective of business managers in a region of Brazil, and describe how they manage innovative brands. A multiple case study was carried out with five innovative companies from four economic sectors: telecommunications, information technology, chemicals, and electricity. The interviews with these managers were processed with content analysis, being established sixteen categories which include: definition of innovation; innovative brand features; reasons for innovation; relationship between brands and innovation; area responsible for innovation; dissemination of innovation; organizational culture of new ideas; types of innovation; reduction of time, costs and risks to innovation; relationship between the company and the market; brand strategies; brand personality; integration of the end consumer into innovation; rewards for the consumer; and brand heritage. At the end, theoretical and managerial contributions are presented that can be applied or adapted to other organizations in their process of innovation and brand management. In this sense, it is important to highlight that, in the studied cases, incremental innovation is dominant; the stage at which successful innovations improve consumer brand awareness, attitude, and usage prevails; and the companies studied could be distributed in two of the innovation possibilities proposed by Brexendorf et al. (2015): follower brands and craft-designer led brands.

INNOVATION MANAGEMENT CHAIN: PROPOSAL FOR INNOVATION MANAGEMENT PROCESS WITH SYNERGY BETWEEN IDEATION, CORPORATE ACCELERATION AND PROJECT MANAGEMENT

The aim of this article is to discuss the innovation management within the corporate context, with an organizational structure dedicated to manage corporate innovation, called Innovation Management Office. The organizational structure for innovation management is presented connected with the corporate entrepreneurship process, as an opportunity to enhance the results of a search process results through innovation. The innovation management process is coordinated since the ideation stage, passing through the corporate acceleration process to develop and validate a set of prioritized ideas and then implemented using project management best practices, after an innovation and strategic portfolio of projects selected and balanced in the organization. After all, it is shown the Innovation Management Chain including all these stages. The methodology used was bibliographical research, with survey of the literature of the issue. This article was presented as relevant in a strong demand environment for innovation management in organizations and at the same time the shortage of literature on corporate entrepreneurship and Innovation Management Office.

Formulary management challenges and opportunities: 2020 and beyond ‐ an opinion paper of the drug information practice and research network of the American College of Clinical Pharmacy

AbstractFormulary management systems in hospitals and health‐systems serve to ensure that medications are rigorously evaluated for efficacy, safety, and value. The increased complexity of these systems, along with the broadening of items for formulary inclusion, poses unique challenges and opportunities for the development of innovative formulary management processes. Pharmacists are challenged to evaluate different types of medications that are not all small molecule entities as well as deal with medication shortages that can impact patient care. The authors review unique formulary aspects of biosimilars, gene therapy, rare disease treatments, outpatient therapies, and formulary‐related challenges/opportunities with drug shortages. Core strategies for formulary management and drug shortage mitigation techniques in closed formulary settings are discussed. This information is intended to guide formulary decision‐makers and other clinicians to effectively manage health‐system formularies in 2020 and beyond.

A business model perspective to understand intra-firm transitions: From traditional to flexible public transport services

Socio technological transition with respect to innovations is a broader concept and generally is theorized as such. It is, therefore, unclear how at the micro level, the business firms within an industry is restructuring internally to accommodate the technological innovations. Insights of this process management is uniquely valuable to understand how local technological niches and larger socio-technological transformations are being accommodated in industrial reforms. A business model perspective could provide insights of these innovation process management, in this context the mobility transition from fixed to flexible public transport (FPT) systems. Taking business models as the unit of analysis, in this paper we provide a framework to map the transition process. The framework is applied to a case study of a traditional public transport firm in the Netherlands. We map the evolution of the business models taking the local external developments into account. We define three phases for the business model mapping here – pre FPT, during FPT and the future of FPT. Findings suggest a complete shift in client orientation of public transport authorities with geared up efforts in digitalization and value creation during these three phases of FPT transition. Perhaps the most striking - yet not completely unexpected – outcome for transit companies is to gradually assume a role of facilitator as opposed to a provider of public transit, which potentially will have a thorough reform of the industry. This initial trace of internal transition, however incomplete, provides useful insights of the overall product and process management and the emerging business model configurations and contributes to the learning trajectory of FPT service organizations.

Relevance of implementing a logistic approach to innovation management in the development and registration of medicines for the treatment of coronavirus disease (COVID-19)

Aim. To analyze and summarize the existing scientific approaches and mechanisms for innovation management when developing and registering medicines for the treatment of coronavirus disease (COVID-19) based on the implementation of a logistic approach and the creation of the integrated logistics innovation and information system.Materials and methods. Databases of the Internet, such as PubMed, the Food and Drug Administration, the European Medicines Agency were used. The retrospective, logical, and graphical methods of research, as well as the content analysis were applied. Results. In order to overcome the current therapeutic crisis in the world, 2 strategies are used: repurposing of the existing drugs (favipiravir, tocilizumab, etc.) and development of candidates for drugs with a direct targeted mechanism of action against COVID-19 (remdesivir, vaccines, etc.). Traditional approaches to the innovative process of activity as a closed one, oriented to the internal environment of the innovation system become ineffective. For this purpose, it is promising to apply a logistic approach to innovation management in the development and registration of medicines for the treatment of coronavirus disease (COVID-19). In the conditions of open innovation processes, those organizations and countries that can quickly implement an innovative idea gain a competitive advantage. It is necessary to manage innovation processes so that when an innovative idea enters the first stage, the idea is transformed into the final product with the shortest possible time. Logistization of innovation activities involves continuous improvement and optimization of the existing processes, allows you to organize innovation processes as a through integrated flow, reduce the time and costs for the implementation of innovative projects, gain benefits by optimizing innovative information, material and other flows.Conclusions. The result of the logistics of innovation in pharmacy will be: the creation of a complete cycle – from scientific research in scientific institutions, universities, pharmaceutical companies to the development of the production of innovative drugs; optimizing the use of resources associated with the implementation of innovative projects, as well as reducing the duration of the implementation of these projects; creation of a modern innovative infrastructure in the industry; wider attraction of investments in R&D from extra-budgetary sources; use of R&D results in training specialists.

The application of term mining techniques and fuzzy proximity for driving force study in lean management

Driving force analysis of participants bringing on the process of management innovation can help managers to make decisions in lean management implementation. Traditional researches have verified the importance of participation in management innovation and lean management, but have not further analyzed the driving force of participants. Therefore, this paper presents a general framework for driving force analysis, combining the terms mining technique (TMT) and fuzzy proximity (FP), named TMT-FP, and applies it to analyze the driving force of participants on the management innovation process in the case enterprise. In the first phase of the methodology, the terms mining technique (TMT) is used to analyze the results of interview cases from enterprises, and to discern participant's character patterns in the management innovation process. The second phase of the methodology, Fuzzy proximity (FP) is used to build assessment methods of the driving force for participants in lean management implementation. Finally, this paper analyzes a case from the interviewed enterprises using the terms mining technique and fuzzy proximity (TMT-FP) analysis system. The results indicate that senior leaders and third-party lean experts have the greatest driving effect on management innovation comparing with basic production personnel in the case enterprise. At the same time, the results show that a TMT-FP analysis system can effectively analyze the driving force of participants and help decision makers to design a scientific promotion mechanism in lean management. In summary, this paper proposes a new driving force analysis system for lean management participants, the results of driving force evaluation obtained by this system can help the case enterprise to improve its management innovation level.

Exploring Open Innovation and Digitalization in Services

This study investigates the interlink between open innovation (OI) and digitalization in the service industry, particularly in consulting firms. OI is an emerging theory that has not been fully explored in the service industry. Consulting firms are example of knowledge-intensive business services and professional service firms, which are firms locating, developing, combining and applying various types of knowledge to solve the problems of their clients, which makes them an ideal sample to understand how the open innovation process is implemented. We have conducted 15 case studies in both Management and IT consulting firms in Spain and Italy interviewing people responsible of the innovation management process. The evidence suggests a new role for consulting firms in the open innovation process, the creation and coordination of innovation ecosystems and digitalization as a main driver for innovation. Implications for academics, managers and policy makers as well as an agenda for future research is also provided.

Perception of Intelligent Packaging in the Context of Bioeconomy

Abstract The research of new intelligent features has shown huge potential to optimize the supply chain and enhance consumer consciousness of product utilization. The implementation of bioeconomy principles in all sectors is essential in seeking to achieve Sustainable Development Goals. Innovation in the packaging industry can be considered as one of the key sectors in this approach. The study deals with the evaluation of the perception of intelligent packaging in Slovakia as ecological innovations through the Kano model. The results indicate that customer awareness of intelligent packaging as ecological innovation in the context bioeconomy is still at a low level in Slovakia. Hdgdgdsgowever, from the point of view of intelligent packaging, Slovak customers represent a key element of stakeholders for the management of innovation processes towards bioeconomy criteria.

Приоритетные направления государственной поддержки и управления инновационных процессов в автомобильной промышленности Узбекистана

Article discusses the priority areas of state support and management of innovative processes in the automotive industry of Uzbekistan. The new mechanisms for improving innovative processes in the industry are analyzed. The localization level of the automobile industry of Uzbekistan is 32% for cars and 20% for trucks and buses. Large costs were noted as the main causes of problems at enterprises. As the main recommendation, automotive companies are invited to improve project management and introduce innovative management methods and mechanisms in the industry.

Factors influencing the application of nature as inspiration for sustainability‐oriented innovation in multinational corporations

AbstractNature‐inspired innovation (NII) is an increasingly common innovation strategy, yet little is known about its implementation within corporate innovation settings. This paper asks what factors influence the application of NII in corporate contexts. It combines theoretical perspectives from innovation adoption and sustainability‐oriented innovation to explore factors that influence the implementation of NII. Six case studies of multinational corporations applying NII were analyzed, using data collected through semistructured interviews (N = 45), a review of internal project documents, and publicly available materials. Results indicate that successful implementation depends upon the characteristics of the innovation context, decision‐making units, and the innovation itself, such as an advanced organizational progression of corporate sustainability, senior leadership support of NII, design expertise within innovation teams, flexible innovation management processes, and collaboration with outside enabling stakeholders. NII should be viewed as a longer‐term investment in developing organizational sustainability culture rather than a one‐off approach to innovation.

Enhancing the Financial Returns of R&D Investments through Operations Management

Although much research has been carried out to examine various contextual issues and moderating factors for successful R&D investments, very little research has been conducted to explore the role of a firm's operational and process characteristics. In this study, we explore how firms could possibly enhance the financial returns of R&D investments through quality management, using Six Sigma implementation as an example, and efficiency improvement, using the stochastic frontier estimation of relative efficiency as a proxy. Based on data from 468 manufacturing firms in the United States over the period 2007–2014, we construct a dynamic panel data model to capture the effects of R&D investments on firms’ financial returns in terms of Tobin's q. Using the system generalized method of moments estimator, our results indicate that the financial returns of R&D investments are significantly enhanced when firms adopt Six Sigma and improve efficiency in operations. Our additional analyses further suggest that such an enhancement effect through quality and efficiency improvements is more pronounced under high operational complexity as approximated by labor intensity and geographical diversity. Instead of considering innovation activities and process management as contradictory functions, we show that quality and efficiency improvements indeed support firms’ R&D investments, leading to higher financial returns.