Essays on Developing Innovation Capabilities Coursework

Download full paperFile format: .doc, available for editing

The paper "Developing Innovation Capabilities" is a great example of management coursework.   Innovation capability entails the ability to come up with the best strategies that can help organizations achieve competitive advantages. Organizations are looking for innovative strategies that they can employ in the process of achieving competitive advantages in the market. It is through the innovation capability that organizations can deliver products that can compete well in the market. Innovativeness in designing products helped in developing unique products that can meet the needs of the customers in the market (Lin, 2007). Large organizations are making use of the innovation to redesign their products in the process of keeping pace with the market changes.

Innovation provides a significant opportunity to make organizations able to take advantage of the market gaps existing through providing the necessary products and services that can help in meeting the unmet needs. The increasing competition in the industry is making the organization develop its innovation capabilities with the aim of making sure they are competitive. For instance, some multinational companies like Walmart are using their innovative capabilities to differentiate their products in the market.

The adoption of a differentiation strategy helps in eliminating the possibility of substitution in the market as there are many firms that offer similar products (Ç akar and Ertü rk, 2010). Besides, organizations are making use of innovation capabilities in the process of responding to the changes in the business environment. This essay evaluates how innovation capabilities are developed within large corporations while making use of the appropriate examples. Innovation capabilities Innovation capabilities are important in any organization in the process of integrating the organizational resources, skills, and competencies to ensure they match the environmental changes.

The organizations can renew the competencies through being innovative in their operations hence can make the necessary adjustments to fit in the changing business environment (Kennard, 2014). The change management process has been improved by making sure that the company is innovative to accommodate the possible changes in the needs and tastes of the customers.

References

Anderson, P. and Tushman, M. 1990. Technological Discontinuities and Dominant Designs: A Cyclical Model of Technological Change, Administrative Science Quarterly, 35(4), pp.604-633.

Birkinshaw, J., Bouquet, C. and Barsoux, J. L. 2011. The 5 Myths of Innovation, MIT Sloan Management Review, 52(2), pp.42-50.

Bower, J. and Christensen, C. M. 1995. Disruptive Technologies: Catching the Wave, Harvard Business Review, 73(1), pp.43-53.

Çakar, N. D., & Ertürk, A. 2010. Comparing innovation capability of small and medium‐sized enterprises: examining the effects of organizational culture and empowerment. Journal of Small Business Management, 48(3), 325-359.

Figueiredo, P.N., 2010. Discontinuous innovation capability accumulation in latecomer natural resource-processing firms. Technological Forecasting and Social Change, 77(7), pp.1090-1108.

Hu, M.C., 2008. Knowledge flows and innovation capability: The patenting trajectory of Taiwan's thin film transistor-liquid crystal display industry. Technological Forecasting and Social Change, 75(9), pp.1423-1438.

Leskovar-Spacapan, G. and Bastic, M., 2007. Differences in organizations’ innovation capability in transition economy: Internal aspect of the organizations’ strategic orientation. Technovation, 27(9), pp.533-546.

Li, X., 2011. Sources of external technology, absorptive capacity, and innovation capability in Chinese state-owned high-tech enterprises. World Development, 39(7), pp.1240-1248.

Lin, R.J., Chen, R.H. and Kuan-Shun Chiu, K., 2010. Customer relationship management and innovation capability: an empirical study. Industrial Management & Data Systems, 110(1), pp.111-133.

Lin, H.F., 2007. Knowledge sharing and firm innovation capability: an empirical study. International Journal of manpower, 28(3/4), pp.315-332.

Kennard, M. J. 2014. The A to Z of Innovation Management, Birmingham: University of Birmingham.

Kumar, N. and Che Rose, R., 2010. Examining the link between Islamic work ethic and innovation capability. Journal of Management Development, 29(1), pp.79-93.

Ngo, L.V. and O'Cass, A., 2012. In search of innovation and customer‐related performance superiority: The role of market orientation, marketing capability, and innovation capability interactions. Journal of Product Innovation Management, 29(5), pp.861-877.

Slater, S.F., Mohr, J.J. and Sengupta, S., 2014. Radical product innovation capability: Literature review, synthesis, and illustrative research propositions. Journal of Product Innovation Management, 31(3), pp.552-566.

Sok, P. and O'Cass, A., 2011. Achieving superior innovation-based performance outcomes in SMEs through innovation resource–capability complementarity. Industrial Marketing Management, 40(8), pp.1285-1293.

Wang, C.H., Lu, I.Y. and Chen, C.B., 2008. Evaluating firm technological innovation capability under uncertainty. Technovation, 28(6), pp.349-363.

Download full paperFile format: .doc, available for editing
Contact Us