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    Decision Making: economic rationality or emotion galore?

    by  • March 7, 2013 • Innovation methodology, Innovation Series, Readings

    The article by Bertrand et al. (2005) provides an interesting perspective into how psychological factors interfere with economic rationality in consumer decision-making. They tested several factors which seemingly looked irrelevant from a cost-benefit analysis perspective but do influence consumer decision-making significantly. The study sample is taken from the consumer credit market in South Africa. It...

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    Diffusion of innovation: How do people make sense of things?

    by  • February 18, 2013 • Uncategorized

    The case of Edison’s Electric Light innovation, which disrupted the status quo, is an interesting example of  how the design of the system can facilitate the diffusion of an innovation. Hargadon and Douglas (2001) argue that sense-making happens in the context of existing apprehensions, so when introducing a novel product/service/system an innovator has to design...

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    Sources of innovation: The case of the knowledge broker

    by  • February 11, 2013 • Innovation methodology, Innovation Series

    Innovation can arise from several sources e.g. individuals, firms, research institutes, non-profits and/or the linkages between them. But what makes some individuals or companies more innovative than others? Is it the creativity of the individuals and therefore for companies HR policies matter the most in this regard? Of course it does matter, but other...

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    Organizing for innovation

    by  • February 4, 2013 • About the project, Innovation methodology, Innovation Series

    According to Schilling (2008), the company’s structure is one of the main factors affecting the creative environment leading into innovation. A flexible and more open company culture, in contrast to a hierarchical structure which limits the creativity of the people, will encourage people to chase their potentially innovative ideas. However, the downside of such...

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    Why is it hard (or not) for SMEs to innovate?

    by  • January 28, 2013 • About the project, Innovation methodology, Innovation Series

    Management literature has placed a lot of attention to the issue of innovation in SMEs (small and medium sized companies), which have contributed extensively to cornerstone innovations of our time. In an interesting study conducted by Barbara Scozzi and Claudio Garavelli of Bari Polytechnic and Kevin Crowston, of Syracuse University, we see how SMEs...

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    Critical Success Factor Analysis

    by  • January 14, 2013 • Innovation methodology, Innovation Series

    Critical Success Factor Analysis is a great tool to understand how your business is doing in the marketplace. It helps you see where and how you’re meeting your goals and where you are failing. By understanding your company’s critical success factors, you are in a better position to take informed strategic decisions for the...

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    Creativity techniques and tools

    by  • January 7, 2013 • Innovation methodology, Innovation Series

    The use of creativity techniques in industry varies. Some companies still use paper and pencil whereas some have adopted ICT-based techniques. However, these are used mostly in isolation. The frequency and distribution of the techniques and tools used also varies greatly. Brainstorming is conducted widely, 92% of American companies use it in meetings, with...

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    Diffusion through fandom

    by  • December 30, 2012 • Innovation methodology, Innovation Series

    Fandom is familiar to every one through popular culture or sports. However, fandom is a huge driving force in business life. Pictures of consumers queuing for Apple’s or Sony’s latest gadget are all proof of fandom in business life. One very peculiar example is how tiny and old fashioned Finnish shoemaker, Reino & Aino,...

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    Successful implemention of an innovation

    by  • December 17, 2012 • Innovation methodology, Innovation Series

    Organizations vary in their propensity to innovate and adopt new technologies. Klein, Conn & Sorra (2001) and Klein & Knight (2005) studied critical success factors when an organization took a new technology into use. The studies support both product and service innovators, as they discuss what kind of organizational barriers innovations have to overcome in the...

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