Unit Three- (MGT 6103)
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The document outlines key factors for managing innovation successfully, including crafting a shared vision and leadership commitment to innovation, utilizing appropriate organizational structures, and recruiting and training key individuals. It discusses traits of innovative individuals like being bright, taking initiative, and effective communication. Successful innovation teams are defined as having clearly defined tasks and objectives, strong leadership, balanced roles to match skills, and effective conflict resolution. Barriers to innovation are listed as restrictive vertical relationships, poor lateral communication, limited resources, and an unfocused approach.
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Unit Three- (MGT 6103)
- 1. MBA 6103 Managing Innovation Unit 3 Innovation as Strategy
- 2. • Craft a shared vision, leadership and the will to innovate • Utilize appropriate organizational design/structure • Recruit and train key individuals • Develop effective teams • Encourage high-involvement • Foster a creative climate • Maintain an external focus
- 5. • Bright, alert and intelligent • IQ vs. EQ • Seeks responsibility and takes charge • Skilled in task domain • Administratively and socially competent • Energetic, active, and resilient • Effective communicator
- 6. • Clearly defined tasks and objectives • Strong team leadership • Synergy and balance of roles to match skills/behavioral style • Effective conflict resolution processes • Key liaisons within organization • Intrapreneurs • Sponsors • Climate Makers • Idea Generators
- 7. • Dominance of restrictive vertical relationships (operating in silos) • Poor/non-existent lateral communications • Limited tools and resources • Top-down dictates • Formal bureaucracies for change • Culture of inferiority • Unfocused innovation activities • Lack of accounting/finance support