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Innovation happens on purpose

July 5, 2018

Performance Benchmarking Blog Part 3: Innovation happens on purpose

Did you know?To implement innovations, an organization must be able to afford it.Innovation practice:
Project resources (e.g., capital, labour, plant, expertise and knowledge) are allocated to support innovation.

In order to innovate, an organization must invest. By innovation, we do not mean invention, but rather doing things better. Any changes to the usual way of doing things are usually associated with additional costs and the risk of failure, and naturally, an organization must be able to bear such costs and cope with the consequences in the case of failure. Therefore, it has long been recognized by Rosner (1968) and others, that planning resources for innovative activities is crucial for the successful implementation of innovations. Innovation will not magically happen on its own, but it will happen on purpose.

References:

  • Damanpour, F. (1991). Organizational innovation: A meta-analysis of effects of determinants and moderators. Academy of Management Journal, 34(3), 555–590.
  • Rosner, M. M. (1968). Economic determinants of organizational innovation. Administrative Science Quarterly, 614–625.

Next installment: You cannot improve what you do not measure

Previous installment: Rework is good, but only if it helps us measure and improve our quality

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