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Management of Innovation in Organizations and the Innovation Imperative: Strategies and Initiatives

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  • Pratap Chandra Mandal

    (Indian Institute of Management, Shillong, India)

Abstract

Companies require understanding the innovation imperative and the importance of managing innovation in organizations. The objective of the study is to analyze the importance of innovation and managing innovation in organizations. The methodology adopted is a conceptual analysis of the various aspects of the innovation imperative and managing innovation in organizations. The innovation imperative may focus on incremental innovation, new-to-the-world innovation, and new product launches and failures. Companies adopt approaches towards managing innovation viz. departments in charge of current offerings, new product departments, innovation centres, venture teams, communities of practice, and cross-functional teams. Innovative companies adopt initiatives for managing innovation. Academicians may suggest better and effective models for managing innovation in organizations. Practicing managers may realize the importance of innovation in company growth, evaluate the approaches and initiatives adopted by companies towards managing innovation, and suggest effective approaches and initiatives.

Suggested Citation

  • Pratap Chandra Mandal, 2022. "Management of Innovation in Organizations and the Innovation Imperative: Strategies and Initiatives," International Journal of Innovation in the Digital Economy (IJIDE), IGI Global, vol. 13(1), pages 1-12, January.
    • Handle: RePEc:igg:jide00:v:13:y:2022:i:1:p:1-12
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    Cited by:

    1. agarwal, shekhar & Gordon, Anna, 2022. "Complexities for the Indian Economy of China's Growing Technological Competence," OSF Preprints fk3r7, Center for Open Science.
    2. agarwal, shekhar, 2022. "India’s Rising Technology Economy: Sources and Consequences," OSF Preprints x6yzm, Center for Open Science.
    3. Abul Abrar Masrur Ahmed & Ravinesh C. Deo & Sujan Ghimire & Nathan J. Downs & Aruna Devi & Prabal D. Barua & Zaher M. Yaseen, 2022. "Introductory Engineering Mathematics Students’ Weighted Score Predictions Utilising a Novel Multivariate Adaptive Regression Spline Model," Sustainability, MDPI, vol. 14(17), pages 1-27, September.

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