Organizational Models for Effective Innovation Management PPT
This PPT slide, part of the 23-slide Product Innovation Management PowerPoint presentation, presents 3 organizational models for managing innovation in high-tech product development. It emphasizes that while each model has its merits, none is flawless, and organizations may need to adopt a combination of these structures based on their unique requirements.
The first model is the Centralized Model. Here, innovation responsibilities are concentrated within a dedicated organization. This structure allows for streamlined decision-making and resource allocation, but may limit flexibility and responsiveness to specific business unit needs.
The second model is the Decentralized Model. In this approach, innovation responsibilities are fully distributed across various units. This can foster creativity and responsiveness, as each unit can tailor its innovation efforts to its specific context. However, it may lead to inefficiencies and a lack of coherence in overall strategy.
The third model is the Federated Model, which blends elements of the centralized and decentralized approaches. Key members of the central innovation team are embedded within business units, allowing for collaboration while maintaining a degree of centralized oversight. This model aims to balance the benefits of both previous models,, but it can introduce complexities in governance and alignment.
The slide concludes by asserting that no single model is universally applicable. Organizations must assess their unique culture and needs to determine which model or combination of models best suits their innovation strategy. This flexibility is crucial for fostering effective product innovation in a rapidly changing environment.
This slide is part of the Product Innovation Management PowerPoint presentation.
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Innovation Management Product Strategy Product Development Creativity Innovation Governance Creativity
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