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Innovation Management Analysis

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Give an analysis of the field of innovation.
What dilemmas are faced in innovation?

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The write up gives a learned discussion on Innovation Management

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1. Analysis of the field of innovation.

There is a positive relationship between organizational size and innovation. The larger the organization, the greater is the chance of innovation. In addition, growth and globalization of innovative companies leads to greater innovation. Innovation grows when socio-economic trends favor innovation. For example, when there are high economic returns for innovation, there is a growth in innovation. In a business environment where there is open sharing of information and collaboration, there is greater innovation. Further, positive social attitudes to innovation and entrepreneurship leads to greater innovation. In those societies where there is appreciation for new ideas there is greater innovation (Cohen, W. and Levinthal, D. 1990). In the current environment, an important role has been played by multinational companies and supply chains. For example, supply chains have used several innovative processes to become more responsive and flexible.

There are several tactics used at the organizational level that lead to innovation. The team leaders make special efforts in organizations by being accessible, removing obstacles for innovation ...

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