INSPIRING FUTURES

A benchmark study of strategic commitment to innovation.

Cottam, Angela, Ensor, John and Band, Christine (2001) A benchmark study of strategic commitment to innovation. European Journal of Innovation Management, 4 (2). pp. 88-94. ISSN 1460-1060

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Abstract/Description

Describes the results of an empirical investigation of the FTSE 100 which was undertaken to ascertain whether UK industry is taking steps to address innovation at a strategic level within its organisations. In the research study, the appointment of staff with a specific responsibility for innovation was taken as an indicator of an organisation's strategic commitment to innovation. The findings revealed that a significant minority of these organisations had invested in personnel with a specific brief for innovation. These were: directors of innovation; managers of innovation and cross-functional teams. It is suggested that to maximise the benefits from innovation: it must be given a strategic direction; that relevant metrics be developed to measure the success of the innovation strategy; that organisations are educated on the holistic meaning of innovation; and finally, that there is a freedom from traditional hierarchical structures in the management of innovation

Item Type: Article
Print ISSN: 1460-1060
Electronic ISSN: 1758-7115
Uncontrolled Keywords: innovation; investment; personnel; strategic management; UK industry;
University Divisions/Research Centres: The Business School > School of Marketing, Tourism and Languages
Dewey Decimal Subjects: 300 Social sciences > 330 Economics > 332 Financial economics
600 Technology > 650 Management & public relations > 658 General management
Library of Congress Subjects: H Social Sciences > HG Finance
H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Item ID: 2079
Depositing User: RAE Import
Date Deposited: 15 Feb 2008 14:59
Last Modified: 09 Sep 2013 16:30
URI: http://researchrepository.napier.ac.uk/id/eprint/2079

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