Description
Book SynopsisIn recent years, a great deal of attention has been focussed on the undertaking of managing innovation. Without the right focus, resourcing and capabilities, firms struggle to create value through innovation. However, the task of managing innovation is one of continuous paradoxes where an overly structured mind-set can impede entrepreneurship, creativity, culture and the right conditions for disruption. The question remains of how we can have the right lens to properly understand and appreciate innovation, and how we can have a flexible set of tools, techniques and perspectives to support innovation.
This concise text introduces readers to one of the fundamental ideas in the business world.
Insights into the key ingredients of innovation, including business models, services, entrepreneurship and creativity are analysed alongside core contexts, such as disruptive technology. Students of business and management will appreciate additional coverage of the future of the fiel
Trade Review
‘Innovation is key to success for many companies. Yet, successful innovation can be hard to achieve. Insights from hands on experience and academia are always a helpful guide. This book provides great guidelines for how to innovate, and how to avoid making mistakes. The contributions in this handbook provide an overview of innovation from both an academic and a managerial perspective.’
Dig Howitt, CEO & President, Cochlear, Sydney Australia
‘The disruptions to global supply chains caused by the COVID-19 pandemic have brought the need for effective innovation squarely to the fore. From SMEs through to multinationals, those organisations who have weathered the storm have not only pivoted to new products or services but also managed the innovation cycle successfully. This book, with its comprehensive survey of the state of innovation management across the globe, provides a much-needed roadmap for leaders and policymakers to harness the benefits of innovation. An essential resource for the modern CEO.’
Professor Alex Zelinsky AO, Vice-Chancellor and President, University of Newcastle, Newcastle Australia
‘In the world of superpowers, there are those who have them and those who don't. For those with innovation superpowers, life is a breeze. This handbook provides you great ideas how to find your innovation superpowers -- both as a researcher and as a manager of innovation. It provides great guidelines for how to innovate, and how to avoid making mistakes.’
Frank T. Piller, Professor of Management and Co-Director, Institute for Technology & Innovation Management Scientific Director, Institute for Management Cybernetics, RWTH Aachen University, Aachen, Germany
‘Innovation is the key to organizational success, and this handbook is a refreshing and comprehensive attempt to address this multi-dimensional topic. The book's unique feature is the coverage of ‘how to lead’ and ‘facilitate implementation’ of innovation. The contributions encompass a wide range of issues such as uncertainty and risk, bottom-up innovation, co-creation, open innovation, frugal innovation, etc. The book is a timely initiative in the context of post-Covid economic recovery.’
Prof. Sushil, Department of Management Studies, Indian Institute of Technology Delhi, Hauz Khas, New Delhi, India
‘Innovation, more precisely the ability of companies and nations to accelerate innovation will become a, possibly the, key differentiator in the ability of companies and nations to develop and benefit from research, development and technology. The world is creating, at an accelerating rate, information from which companies and nations can make decisions. Nations that can create effective innovation acquisition, acceleration and deployment systems to benefit from targeted information in an effective way will more likely thrive in an ever more complex world. There is much written on innovation - perhaps this is part of the problem - it is difficult to see the wood for the trees. This book helps the reader see a ‘line of sight’ to connect ideas, research, developments and practices more effectively to industrial, commercial and societal advantage – providing a map out of the trees into the light.’
Professor Graham Wren, Special Advisor to the Principal – The University of Strathclyde, United Kingdom
‘This book aims to pull back the curtain and examine on the most complex and important feature of dynamic market economies – innovation – and show how business leaders and governments can harness it to lift millions from poverty, address climate change, improve public services, and much more.’
John O’Mahony, Partner, Deloitte Access Economics, Sydney Australia
‘Pretty much everyone agrees that innovation—in organizations and societies—is critical; but there is much less agreement on how to get that. As Innovation makes clear, becoming an innovation-based organization requires more than hortatory from the top; it requires clear and effective implementation of innovation management practices, coupled with an effective national innovation policy system. Innovation provides a critical handbook for managers who seek to boost their organization’s innovation.’
Rob Atkinson, President, Information Technology and Innovation Foundation, Washington DC, USA
‘This book effectively illuminates the topic of innovation, that is key to business and other forms of success, primarily at the enterprise level, but also at public level and micro level. Successful innovation requires getting many things right, as it is a complex phenomenon in the modern organisation, but for those who do get it right, it is the ultimate source of human progress. The authors do a particularly good job on addressing the ‘How’ of innovation, which is particularly valuable, through considering powerful theoretical concepts and practical settings.’
Professor Danny Samson, Department of Management and Marketing, University of Melbourne, Melbourne Australia
‘For business and societal change makers, this new book of Innovation is a must read for gaining new insights and inspirations to take action and create positive and impactful outcomes. The diverse and exciting range of perspectives that are collected from experts around the globe make the book a must read for all scholars and students of innovation management as well.’
Dr. Jim Spohrer, Retired industry executive, and Board of Directors of the International Society of Service Innovation Professionals, USA
‘I’m pleased to see the topic of innovation being brought to the fore in this diverse, thought-provoking and pragmatic book. I firmly believe that the greatest challenges facing society, business and the environment will be solved through technology and innovation. We often say that necessity is the mother of all invention. We certainly have the necessity and in many instances we already have technologies capable of transforming the way we work and live. Now we need our brightest minds, skilled and enabled, with supportive policies and investment strategies. With the prevalence of digital twins and adoption of industrial internet of things we can now use software and data in ways not even imaginable a few years ago. Benefits are in the form of accelerated outcomes across business, society and the environment - from fast-tracked vaccines through to rapid prototyping in industry, improved use of scarce resources and even enabling the energy transition. I look forward to a future where innovation becomes the lifeblood and mainstay of our everyday lives. The book’s 40 authors point out that innovation however requires a strong framework, policy and systematic approach to create the environment that fosters and promotes innovation. I highly recommend the read.’
Jeff Connolly, Chairman and CEO, Siemens Australia and New Zealand, Melbourne Australia
Table of ContentsPreface
Part I: A call to action for innovation management
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- The changing nature of innovation management: a reflective essay
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Mark Dodgson
- Setting up for innovation management
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Mathew Donald
Part II: Key ingredients for successful innovation Management
- Climate for Innovation: A Critical Lever in the Leadership of Innovation
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Rob Sheffield, Selen Kars-Unluoglu, and Carol Jarvis
- Mobilising management controls in innovation projects
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Minna Saunila and Ilse Svensson de Jong
- Unveiling 'The Innovation Algorithm': the new approach to raising your capacity to innovate
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Vincent Ogutu and Andrew Levi
Part III: What innovation leaders are doing
- Brilliant positive deviance: Innovation beyond disconnected and disciplined domains
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Ann Dadich
- How managers shape innovation culture: Role of Talent, Routines and Incentives
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Rajul G. Joshi and Pavan Soni
- Management tools for business model innovation – a review
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Hussan Munir, Lars Bengtsson and Emil Åkesson
- Origins of Innovation: Market-Driving Innovation vs Market-Driven Innovation
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Onnida Thongpravati
- Innovation Ecosystems as a Source of Renewal for Innovative Enterprises
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Anna Nikina-Ruohonen
Part IV: The trend towards boundaryless innovation
- Houston, we have a problem: ambiguity in perceiving ‘open innovation’ by academia, business and policy-makers
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Ekaterina Albats and Daria Podmetina
- Innovation Management in Small and Medium Size Enterprises (SMEs): New perspectives and directions
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Athanasios Hadjimanolis
- Leading Public Sector Innovation Management
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Tony Katsigiannis
Part V: New standards for managing innovation effectively
- Effectuation: a decision logic for innovation in dynamic environments
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Catherine Killen
- Benefiting from Innovation – Playing the Appropriability Cards
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Jialei Yang and Pia Hurmelinna-Laukkanen
- Frugal Innovation: A structured literature review of antecedents, enablers, implications and directions for future research
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Jayshree Jaiswal, Amit Anand Tiwari, Samrat Gupta and Renu Agarwal
- Dynamic Capabilities and Innovation
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Ali Ahmadi and Felix Arndt
- Innovation Management as a Dynamic Capability for a volatile, uncertain, complex and ambiguous world
Eric Patterson, Sancheeta Pugalia and Renu Agarwal
Index
