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When new technologies and competitors disrupt markets, the incumbent organizations struggle to remain competitive. Situations like these encourage partnerships and alliances to form.
Fruitful partnerships comprise of having the appropriate people, processes, and organizational backing. This calls for an integrative approach to Managing Innovation.
Various aspects of the Innovation process have to be integrated through a cohesive Innovation Management Strategy that gels well with the individual strategies of these disparate aspects.
This framework on Integrative Innovation Management discusses the 4 major areas that organizations need to integrate when managing Innovation—particularly Open Innovation—so as not to miss the big picture. These core areas of integration are:
1. Integration of Directions of Impact – It is imperative in successful Innovation Management to keep a balance between various objectives, strategies, and approaches.
2. Integration of Stakeholders – Bringing together all the stakeholders of Innovation, taking them along the Innovation journey, is another aspect of Integrative Innovation Management.
3. Integration of Capabilities – Capabilities have to cross functional boundaries in order to create integrative functional capabilities that make the Innovation effort thrive.
4. Integration of People – It is important to have right mix of people. With the right mix of people, Innovation can be made a reproducible exercise, ingrained in a organization's Corporate Culture.
This Integrative Innovation Framework aims to deliver a platform that aids in addressing the holistic character of Innovation.
Integrative Innovation Management is contingent upon 4 conditions that are considered essential for a successful Innovation Management System. This presentation also defines and explores these 4 conditions.
The PowerPoint presentation also includes some slide templates that depict the 4 key areas of Integrative Innovation and the 4 conditions of Integrative Innovation Management.
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Source: Best Practices in Innovation PowerPoint Slides: Integrative Innovation Management PowerPoint (PPTX) Presentation, LearnPPT
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This business document is categorized under: Business Framework Primers
File Type: PowerPoint (pptx)
Number of Slides: 24 (includes cover, transition, & marketing slides)
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Upload date (first version): Oct 20, 2022
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