Managing Innovation Summary

Managing Innovation Summary

Discuss the characteristics of managing innovation listed on p. 23 of The Management of Technology and Innovation. As a team, rank the six factors in order of most important to least important to the innovation process. Write a 350- to 700-word summary of your discussion that includes the following:

  • Your team’s rankings with a brief description of each characteristic
  • A description of how the team approached the assignment and arrived at a final decision for your order Innovation and Strategic Management Annotated Bibliography

    Write an annotated bibliography of three references on innovation and strategic management. Your annotated bibliography must complete the following:

    • Include three APA-formatted references that are not from the same author.
    • Contain an abstract of at least 200 words for each reference.
    • Focus on the relationship between innovation and strategic management, specifically on the way innovation is shaping traditional strategic management.

    Answer the following in at least 200 words after you complete your annotated bibliography:

    • Based on your literature review what are the current strategic management trends that are being shaped by innovation?
    • What specific aspects of innovation are the most influential in shaping strategic management?
    • Explain your answers. Innovative Thinking in a Business Theory-Based Strategic Experiment

      Create a 7- to 10-slide Microsoft® PowerPoint® presentation, with detailed slide notes, on your strategic experiment. Incorporate the following into your presentation:

      • Present two innovative ways to solve the problem.
      • Address the following six changes involved with theory-based planning in your process and presentation:
        • Level of detail: Focus on the most critical market, technology, and unknown costs.
        • Communication of expectations: Base your predictions on theory and include a description of the theory used to generate your predictions.
        • Nature of predictions: Predict the trends, rather than the specific numbers.
        • Frequency of strategic reviews: Set a strategic review schedule.
        • Perspective in time: Consider the history of the organization when devising the experiment. Focus on long-term history, rather than just recent changes in the organization. Use information available through the virtual organization to gain insight on the historical background of the organization. Some examples of helpful documentation are a strategic plan, company history, employee handbook, sales plan, or internal memos.
        • Nature of measures: focus on leading indicators
      • Based on your theory-based planning, state what other factors need to be analyzed and what other steps must be completed to determine the best solution for the organization.
      • Include three to four scholarly references.

      Format your paper consistent with APA guidelines.

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