A Lean Innovation Model To Help Organizations Leverage Innovation For Economic Value: A Proposal

This paper introduces a Lean Innovation Model for transforming an organization into one that leverages innovation for economic value. The model intends to address two main questions: 1) what are the best innovation transformation approaches for an organization to leverage innovation and 2) how can a...

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Bibliographic Details
Published inInternational journal of management & information systems Vol. 18; no. 2; p. 99
Main Authors Frederick, Terry, Lam, Than, Martin, Vicki
Format Journal Article
LanguageEnglish
Published Littleton The Clute Institute 01.04.2014
Subjects
Competition
Competitive advantage
Corporate culture
Corporate profits
Information systems
Infrastructure
Innovations
Intellectual capital
Leadership
Product development
R&D
Research & development
Research & development expenditures
Self evaluation
Social networks
Studies
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Summary:This paper introduces a Lean Innovation Model for transforming an organization into one that leverages innovation for economic value. The model intends to address two main questions: 1) what are the best innovation transformation approaches for an organization to leverage innovation and 2) how can an organization effectively unleash its untapped innovation capability to increase economic value? How the model works, its constructs, and how it can affordably be implemented will be described. Relationships between the conceptual model and the requisite culture, process, and infrastructure needed for an organization to produce economic value from innovation will be explored.
ISSN:1546-5748
2157-9628
DOI:10.19030/ijmis.v18i2.8491