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Institutionalizing Innovation

By:

Anthony Scott D

Material type: Article

ArticleLanguage: ENG Series: ; 49Publication details: Winter 2008 0Edition: 2Description: 45-53 PpSubject(s):

Innovation Growth, Innovation Process

DDC classification:

Online resources:

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Summary: The article discusses how firms can make innovation a part of the corporate culture. Companies need to articulate a vision for the future and allot resources sufficient to realize that vision. Innovation should be balanced, with resources committed to incremental improvements, extensions of the core business, and entirely new growth endeavors, and with different metrics used to measure the progress of each. Senior management needs to be intimately involved in the innovation process, and human resource policies should be supportive.

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Item type	Current library	Call number	Status	Date due	Barcode
Articles	Main Library	Ant (Browse shelf(Opens below))	Available		AR11284

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Previous	Ans Modeling Multiple Relationships in Social Networks	Ans/Jen Art of Strategic Divestiture	Ant Major League Innovation	Ant Institutionalizing Innovation	Ant/Ber Completing with Gray Markets	Ant/Eyr Mapping Your Innovation Strategy	Anu Union Budget 2003-04 : An Overview	Next

The article discusses how firms can make innovation a part of the corporate culture. Companies need to articulate a vision for the future and allot resources sufficient to realize that vision. Innovation should be balanced, with resources committed to incremental improvements, extensions of the core business, and entirely new growth endeavors, and with different metrics used to measure the progress of each. Senior management needs to be intimately involved in the innovation process, and human resource policies should be supportive.

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