1. Innovation Management in Organisational Setting HS-401: Management of Organisational Behaviour
2. What is Innovation?
3. Everyday we some millions of dots that shape our notions and thinking
4. These notions help us in taking our decision and making future plans
5. Most of the traditional business is based on these dots and whole businesses are built on them
6. But some people see new dots that were either forgotten, misplaced or misinterpreted
7. These dots shape our notion and strike an out of the blue idea
9. Business Survival As Alan M. Kantrow, editor of Harvard Business Review, once put it, "For companies to survive a discontinuity they must face the rather unpalatable reality that there may have to be fundamental changes in who they are, what they do, and how they do it, as wrenching and dislocating as it may be."
10. For Better Returns One American study found that the overall rate of return for some 17 successful innovations made in the 1970s averaged 56%! Compare that with the 16% average return on investment for all American business over the past 30 years.
11. Competitive Advantage Companies that use and act on their insights get a jump on the competition. They are the competition. They leave behind those that are lulled by the security of strong, enduring economic performance and the conventional corporate wisdom that stays the course. Often, the leader loses. The battle is swift; it's too late to respond. This is not a theory. It is fact.
12. Use of Technology • Utilization of technology • Technical skills and education • Technology strategy Innovation Process • Idea generation • Selection and evaluation Techniques • Implementation mechanism Corporate Strategy • Organizational strategy • Innovation strategy • Vision and goals of the organization • Strategic decision making
13. Management and Leadership • Management personalities • Management style • Motivation of employees • Role of leadership Organizational Structure • Organizational differentiation • Centralization • Formality
14. • Motivation to innovate • Employee skills and education • Employee personalities • Training Employees Resources • Utilization of slack resources • Planning and management of resources • Knowledge resources • Technology resources • Financial resources
15. Knowledge Management • Organizational learning • Knowledge of external environment • Utilization of knowledge repositories Organizational Culture • Communication • Collaboration • Attitude to risk • Attitude to innovation
16. Thank You