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Management of Innovation Award Suggestions for the syllabus The broad scope of innovation e.g. n Design, n Invention, n High technology manufacturing, n e- businesses. The tools of entrepreneurship e.g. n Venture capital, n Protecting and valuing intellectual property, n Sources of innovative ideas. The psychology of innovation: n Why change is commonly perceived as a threat, rather than an opportunity, n The psychology of perception; how we all perceive a new concept in a unique manner, depending on our existing knowledge of the world. Communities of Practice Groups that gather around a common topic for which they share a passion. Case studies, looking at innovation and new product development from different stakeholder perspectives e.g. the viewpoints of n Shareholders-maintaining their trust and support n Accountancy-ensuring financially prudent innovation n Marketing-the importance of customer involvement n Purchasing-the importance of supplier involvement n Personnel- training/selling innovation to the older employee n The external inventor-How do we assess proposals from outsiders? Adding an innovation flavour to traditional management techniques e.g. n Risk assessment, n Time & resource planning, n Cost planning & control. Some topics that require special consideration (1) Recognising and dealing with innovation Jeremiahs' The term Jeremiah is commonly used to describe a dismal prophet. Here we are using the term more specifically to describe the prophets of doom within organisations who specialise in the art of destroying innovative ideas. Their opening gambits in any workplace debate on a proposed innovation include, "It's a good idea but …." "Well if your prepared to take responsibility if it all goes wrong then ….." "I like your idea but Jones in Accounts is bound to say …….., so we would just be wasting our time." Jeremiahs' have the existing practices and customs in their favour and are perhaps the greatest threat to innovation within an organisation. (2) The difference between Incremental Innovation and Radical Innovation. Managers need to be aware of the fundamental difference between Incremental Innovation and Radical Innovation, if they are to implement innovative change effectively. Incremental innovation refers to the small everyday changes that occur in any thriving workplace. Radical innovation typically involves major changes and short term inconvenience for many people. Good managers are expected to make minor decisions without dithering but making snap decisons on radical issues, without taking time to think through the consequences, in order to look decisive can be disastrous. The table below contrasts the characteristics of good incremental and good radical decision making.
Developing an innovation orientated mind set Managers can maximise the chances of the germ of an idea expanding into a full blown innovation if they develop the right mind set. The following mind training tips are suggested for inclusion in the syllabus:
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Hyperlinks
Theme 1
The Excellence in Innovation Award Theme 2
The Management of Innovation Award
Theme 3
A Virtual National Innovation Centre
Theme 4
A National Jobs & Skills Database
Theme 5
North melted into South Businesses
Theme 6
Internet shopping Theme 7 Improving IT teaching in schools
Theme 8 Rebuilding trust in
science & technology
Theme 9
National Innovation competition |