{"id":12115,"date":"2022-10-25T08:20:43","date_gmt":"2022-10-25T13:20:43","guid":{"rendered":"https:\/\/flevy.com\/blog\/?p=12115"},"modified":"2022-10-25T08:20:43","modified_gmt":"2022-10-25T13:20:43","slug":"integrative-innovation-management","status":"publish","type":"post","link":"https:\/\/flevy.com\/blog\/integrative-innovation-management\/","title":{"rendered":"Integrative Innovation Management"},"content":{"rendered":"

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When new technologies and competitors disrupt markets<\/a>, numerous existing organizations struggle to remain competitive.\u00a0 Situations like these encourage some organizations to partner with others.<\/p>\n

Fruitful partnerships comprise of having the appropriate people, processes, and organizational backing.\u00a0 This calls for an Integrative approach to Managing Innovation<\/a>.<\/p>\n

Various aspects of the Innovation process<\/a> have to be integrated through a cohesive Innovation Management Strategy that gels well with the individual strategies of these aspects.<\/p>\n

Integrative Innovation Management focuses on 4 key areas to effectively manage Innovation at an organization.\u00a0 They are:<\/p>\n

    \n
  1. Integration of Directions of Impact<\/strong><\/li>\n
  2. Integration of Stakeholders<\/strong><\/li>\n
  3. Integration of Capabilities<\/strong><\/li>\n
  4. Integration of People<\/strong><\/li>\n<\/ol>\n

    \"\"<\/a><\/p>\n

    Integrative Innovation Framework aims to deliver a platform that aids in addressing the holistic character of Innovation.<\/p>\n

    With interrelations growing more and more, caution is required against overlooking the greater picture or giving excess importance to specific features.<\/p>\n

    Let us delve into some details of the areas identified.<\/p>\n

    Directions of Impact<\/strong><\/h2>\n

    It is imperative in successful Innovation Management to keep a balance between various objectives, strategies, and approaches.\u00a0 Innovation Management necessitates an equilibrium between various strategies, objectives, and approaches\u2014which are frequently in contrast to each other.<\/p>\n

    These contrasting extremes, even though fundamentally dissimilar, are equally essential.<\/p>\n

    Integration of People<\/strong><\/h2>\n

    Contingent on the Direction of Impact, having the appropriate combination of people with the right skills and mindsets, is integral for Innovation.\u00a0 An assortment of perspectives and ideas is advantageous for exploring fresh prospects that have a possibility of radically transforming the present circumstances <\/a>and current Business Models<\/a>.<\/p>\n

    Integration of Stakeholders<\/strong><\/h2>\n

    More and more businesses are discovering that tackling Innovation alone is an increasingly impossible task.\u00a0 Situations like this stimulate some organizations to partner, network, or collaborate in communities and\/or with customers even.\u00a0 Such setups tend to be open arrangements. \u00a0Specifically, systemic problems\u2014e.g., energy, healthcare, mobility\u2014hinge on effective collaboration between matching stakeholders.\u00a0<\/strong><\/p>\n

    Integration of Capabilities<\/strong><\/h2>\n

    Capabilities have to cross functional boundaries in order to create Integrative functional capabilities that make the Innovation effort thrive.<\/p>\n

    Interested in learning more about Integrative Innovation Management?\u00a0 You\u00a0can download\u00a0an editable PowerPoint presentation on Integrative Innovation Management<\/strong> here<\/a>\u00a0<\/u>on the\u00a0Flevy documents marketplace<\/a>.\u00a0<\/strong><\/p>\n

    Do You Find Value in This Framework?<\/strong><\/h2>\n

    You can download in-depth presentations on this and hundreds of similar business frameworks from the\u00a0FlevyPro Library<\/a>.\u00a0 FlevyPro<\/a>\u00a0is trusted and utilized by 1000s of management consultants and corporate executives.<\/p>\n

    For even more best practices available on Flevy, have a look at our top 100 lists:<\/p>\n