The key role of innovation and organizational resilience in . . . Service innovations focus on meeting customer needs, which can range from finding new customers for existing services to adding new services for current or new customers (Damanpour et al , 2009) Innovations may also include development of a new idea practice that depends on collaboration among persons or units at any level of the organization
Short-Term Gains or Long-Term Focus : the leadership dilemma This creates a paradox: focusing solely on short-term gains can stifle the very creativity and risk-taking necessary for groundbreaking innovations Conversely, an exclusive commitment to long-term innovation may overlook pressing business needs, risking financial instability or market relevance
Organizational Innovation as Business Strategy: A Review and . . . Strategic organizational innovation is a cornerstone for sustaining competitive advantages and encouraging growth in today’s dynamic business landscape This paper provides a thorough overview and bibliometric analysis of organizational innovation, providing significant insights to both scholars and practitioners using database of SCOPUS and ABDC This work throws light on prolific authors
Effective Innovation Begins With Strategic Direction The impetus to innovate is independent from a strategic analysis of where and how innovation can improve the organization’s fit to purpose, or the quality of fit with the expectations of customers and other stakeholders; and its relative advantage, or its distinctiveness relative to alternatives But most innovation advice given to leaders
A new approach to organizational transformation | McKinsey Its approach to team prioritization was to look at its future pipeline and identify a handful of its 40 product teams that had the highest chance of yielding either revenue or successful development milestones in the next two to three years It then began to focus on those teams by guiding them through a facilitated team journey
Quantifying Innovation in the Modern Workplace | Professional . . . Focusing solely on these landmark innovations can play into the trap of thinking innovation is solely the domain of the world-historically brilliant In fact, innovation can come from anywhere within an organization, including unexpected departments like legal and human resources