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Effective governance is essential for steering, managing and sustaining a complex, cross-functional and multidisciplinary activity like innovation. Innovation governance itself can be thought of as “a system of mechanisms to align goals, allocate resources and assign decision-making authority for innovation, across the company and with external parties”.
To determine whether your company has adopted a comprehensive innovation governance system, reflect on three critical questions about the content of innovation:
Sources: Deschamps, J-P. (2013) What is Innovation Governance? Definition and Scope, [online], InnovationManagement.Se; Deschamps, J. P. & Nelson, B. (2014) Innovation Governance: How Top Management Organizes and Mobilizes for Innovation, Jossey-Bass, US.
Review the three questions about the content of your innovation before focusing on questions about the process of your innovation: (1) How can you innovate more effectively? (2) With whom should you innovate? and (3) Who is going to be responsible for what regarding innovation?
The concept determines the critical factors of innovation management. It reviews the managerial practices of successful innovators and summarises the strengths and limitations of innovative approaches.
The concept explores innovation and how it can create and capture value for organisations. It will provide professionals with a basic understanding business innovation.
The concept explains how and why organisations should build and position their assets strategically to support innovation opportunities. It describes the types of assets that support innovation - as well as their limitations - and offers useful advice and guidance on implementation strategies.
Understanding consumer behaviour has significant bearing on marketing and public relations decisions. The concept reviews a number of issues related to consumer behaviour and organisational responses and will help you to enhance your marketing campaigns to successfully connect with consumers.
This concept explores how organisations build up their own culture through tradition, history and structure. It also suggests that culture provides organisations with a sense of identity.
Maslow’s Hierarchy of Needs outlines five levels of human motivation: physiological, safety, belonging, esteem, and self-actualisation. It provides businesses with insights to enhance employee engagement, improve performance, and develop strategies that align with core motivational drivers for impactful results.
Join thousands of leaders benefiting from their bi-monthly copy of The Leading Edge on topics like Innovation Governance, to keep themselves at the cutting edge of leadership and management thinking.
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