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explain how organizational characteristics can facilitate the innovation process

explain how organizational characteristics can facilitate the innovation process

Understanding Business
Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Refer to Figure 4.6 and Table 4.2, explain how organizational characteristics can facilitate the innovation process

Table 4.2 Summary of the organisational characteristics that facilitate the innovation process Organisational requirement 1 Growth orientation 2 Organisational heritage and innovation experience 3 Vigilance and external links 4 Commitment to technology and R&D intensity 5 Acceptance of risks Characterised by A commitment to long-term growth rather than short-term profit Widespread recognition of the value of innovation 8 Space for creativity 9 Strategy towards innovation 10 Coordination of a diverse range of skills The ability of the organisation to be aware of its threats and opportunities The willingness to invest in the long-term development of technology The willingness to include risky opportunities in a balanced portfolio 6 Cross-functional cooperation and Mutual respect amongst individuals and a coordination within organisational structure willingness to work together across functions 7 Receptivity The ability to be aware of, to identify and to take effective advantage of, externally developed technology An ability to manage the innovation dilemma and provide room for creativity Strategic planning and selection of technologies and markets Developing a marketable product requires combining a wide range of specialised knowledge
Transcribed Image Text:Table 4.2 Summary of the organisational characteristics that facilitate the innovation process Organisational requirement 1 Growth orientation 2 Organisational heritage and innovation experience 3 Vigilance and external links 4 Commitment to technology and R&D intensity 5 Acceptance of risks Characterised by A commitment to long-term growth rather than short-term profit Widespread recognition of the value of innovation 8 Space for creativity 9 Strategy towards innovation 10 Coordination of a diverse range of skills The ability of the organisation to be aware of its threats and opportunities The willingness to invest in the long-term development of technology The willingness to include risky opportunities in a balanced portfolio 6 Cross-functional cooperation and Mutual respect amongst individuals and a coordination within organisational structure willingness to work together across functions 7 Receptivity The ability to be aware of, to identify and to take effective advantage of, externally developed technology An ability to manage the innovation dilemma and provide room for creativity Strategic planning and selection of technologies and markets Developing a marketable product requires combining a wide range of specialised knowledge
Table 4.2 Summary of the organisational characteristics that facilitate the innovation process Organisational requirement 1 Growth orientation 2 Organisational heritage and innovation experience 3 Vigilance and external links 4 Commitment to technology and R&D intensity 5 Acceptance of risks Characterised by A commitment to long-term growth rather than short-term profit Widespread recognition of the value of innovation 8 Space for creativity 9 Strategy towards innovation 10 Coordination of a diverse range of skills The ability of the organisation to be aware of its threats and opportunities The willingness to invest in the long-term development of technology The willingness to include risky opportunities in a balanced portfolio 6 Cross-functional cooperation and Mutual respect amongst individuals and a coordination within organisational structure willingness to work together across functions 7 Receptivity The ability to be aware of, to identify and to take effective advantage of, externally developed technology An ability to manage the innovation dilemma and provide room for creativity Strategic planning and selection of technologies and markets Developing a marketable product requires combining a wide range of specialised knowledge
Transcribed Image Text:Table 4.2 Summary of the organisational characteristics that facilitate the innovation process Organisational requirement 1 Growth orientation 2 Organisational heritage and innovation experience 3 Vigilance and external links 4 Commitment to technology and R&D intensity 5 Acceptance of risks Characterised by A commitment to long-term growth rather than short-term profit Widespread recognition of the value of innovation 8 Space for creativity 9 Strategy towards innovation 10 Coordination of a diverse range of skills The ability of the organisation to be aware of its threats and opportunities The willingness to invest in the long-term development of technology The willingness to include risky opportunities in a balanced portfolio 6 Cross-functional cooperation and Mutual respect amongst individuals and a coordination within organisational structure willingness to work together across functions 7 Receptivity The ability to be aware of, to identify and to take effective advantage of, externally developed technology An ability to manage the innovation dilemma and provide room for creativity Strategic planning and selection of technologies and markets Developing a marketable product requires combining a wide range of specialised knowledge
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