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An Execution Plan for Managing Innovation in a Small High-Tech Company
| Content Provider | Semantic Scholar |
|---|---|
| Author | Gewers, Lisa |
| Copyright Year | 2015 |
| Abstract | Innovation is key factor for a business survival, growth and in order to stay competitive. Theinnovation at a company is usually organized in projects following the company's innovation process. However, research shows the difficulties to choose an innovation process and simplyimplementing a process to an organization is unlikely to succeed. Thus, a process should becustomized to the company were it would be used.The study is based on qualitative methods at the small high-tech company Mips with the purposeto create conditions for Mips to enable working with incremental and radical innovation tosustain as a company on the global market. The study included semi-structured interviews with13 out of 14 of employees at Mips and observations that thereafter was summarized and analyzed. The result was four areas of improvement that later was transformed into one improvement proposal through three feedback iterations together with the employees at Mips. The improvement proposal is an execution plan for managing innovation that includes creating an innovation strategy to clarify the company goals, implementing a project portfoliomanagement team to assess the project portfolio and implementing a process for developmentprojects. The execution plan for managing innovation describes responsibilities for the functionsin the organization. The suggested process is an iterative process that contains methods to gainempathy for the users, defining what is of importance for the users and the projects, differentmethods to generating ideas from different perspectives and how to turn the ideas tangible, how to test and get feedback from the concepts. There is a proposed system for how to assess the projects through status- and decision meetings and a structure for who is responsible for what inthe development projects. The main finding in this study is that it confirms that Mips as a small company was facing similar challenges as larger firms are facing such as need of structure for how to conduct innovation projects, clear responsibility distribution, clear goals and freedom for the employees to choose how to implement the goals. |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.diva-portal.org/smash/get/diva2:840179/FULLTEXT01.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
