Engines of growth – the importance of 'routine innovation activities'
Source: International Journal of Entrepreneurship and Innovation Management, Volume 12, Numbers 3-4, 3 September 2010 , pp. 244-269(26)
Publisher: Inderscience Publishers
Abstract:This paper adopts a fresh perspective at what companies could do to achieve growth and profitability over the mid‐ and long‐term. Various disciplines of management science have examined the determinants, processes, and consequences of innovation in organisations with mixed and often inconsistent results. While we adopt a perspective of organisational design in innovation management, we differ from conventional approaches in our selecting the free‐market economy as the starting point of research. We advocate that organisational design could learn from the system of free‐market economy that has been associated with extra‐ordinary growth as compared with other economic systems. After analysing the drivers of growth in free‐market economy, we discuss the concept of 'routine innovation activities' and its implications from a perspective of organisational design. We advocate that organisations need to be designed with the aim of reaping the growth benefits associated with 'routine activities' and establish a catalogue of principles guiding practitioners of organisational design. The article closes with a case study illustrating the argument.
Document Type: Research Article
Affiliations: 1: Department for Management, Technology and Economics, ETH Zurich – The Swiss Federal Institute of Technology, Kreuzplatz 5, 8032 Zurich, Switzerland. 2: Department for Management, Technology and Economics, ETH Zurich – The Swiss Federal Institute of Technology, Kreuzplatz 5, 8032 Zurich, Switzerland
Publication date: September 3, 2010
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