- Record: found
- Abstract: found
- Article: found
CORPORATE INNOVATION: SOME AUSTRALIAN EXPERIENCES
Abstract
Corporate innovation has not been well studied in Australia. The present study examined the extent and type of innovation in companies listed on the Western Australian Stock Exchange and it identified the high and low innovators by calculating an Innovation Score for each of the 184 companies in the sample. Factors which influence the level of corporate innovation were also determined. Companies with high levels of innovation were found to involve company employees in the innovative process. As in America, venture teams, product champions and creative geniuses impacted on innovative capacity. The input of customers is also a valuable source of ideas for innovation. Management of high innovating companies were committed to innovation, tolerant of risk taking and encouraged autonomous behaviour in their employees. However, successful corporate innovators did not give up formal control. Rules and procedures were also important.
Content
Author and article information
NOTES AND REFERENCES
S. P. Sherman, ‘Eight big masters of innovation’, Fortune, Oct. 15, 1984, pp.42–52.
A. Toffler, The Adaptive Corporation, London, Pan Books, 1985; M. Tushman and D. Nadler, ‘Organizing for innovation,’ California Management Review. 3: 1986, pp.74–92.
J. A. Byrne, ‘Business fads: what's in and out’, Business Week, Jan.20, 1986, pp.4–47.
D. E. Gumpert, ‘stalking the entrepreneur,’ Harvard Business Review, May-June, 1986, pp.32–36.
P. Cotton and G. Harvey, ‘How to create creativity’, Management Today, May, 1984 p.76.
R. Moss Kanter, The Change Masters, London: Unwin, 1984.
R. Rothwell, ‘successful industrial innovation; critical factors for the 1990's’, R&D Management pp.22, 3, 1992.
Moss Kanter, op. cit.; Rothwell, op. tit.; R. Rothwell and W. Zegfeld, Reindustrialisation and Technology, London, Longman, Chapter 2, 1985.
S. Mendell and D.M. Ennis, ‘Looking at innovation strategies,’ Research Management, May-June, 1985, pp.33–40; T.J. Peters and R.H. Waterman Jr., In Search of Excellence, New York, Harper and Rowe, 1982.
Moss Kanter, op. cit., pp.20–21.
R. G. Cooper, ‘Industrial firms’ new product strategies,’ Journal of Business Research, 1985, pp.107–121 and ‘New product performance and product innovation strategies,’ Research Management, May-June, 1986, pp.15–25.
Axinn C. N.. 1988. . Export performance: Do managerial perceptions make a difference?,. . International Marketing Review (UK) . , Vol. 5((2)): 61––77. .
Schiffman S. S., Reynolds M. L. and Young F. W. . 1981. . Introduction to Multidimensional Scaling: Theory, Methods and Applications . , New York : : Academic Press. .
Soutar G. N. and Clarke Y.. 1981. . Lifestyle and television viewing behaviour in Perth, Western Australia,. . Australian Journal of Management . , June;: 109––123. .
Johnson R. M.. 1977. . “Multiple discriminant analysis: marketing research applications,. ”. In Multivariate Methods for Market and Survey Research . , Edited by: Sheth J. N.. p. 65––82. . Chicago : : AMA. .
R.A. Peterson and V. Mahajan, ‘Practical significance and partitioning variance in discriminant analysis,’ Decision Sciences, 1976, pp. 649–658.
Cf. Cooper, 1985, op. cit.
Gupta A. K., Raj S. P. and Wilemon D.. 1985. . R&D and marketing dialogue in high-tech firms,. . International Marketing Management . , Vol. 2:: 59––76. .
A.H. Van de Ven, ‘Central problems in the management of innovation,’ Management Science, May 1986, pp.590–607; Moss Kanter, op. cit.
R.S. Ahlbrandt Jr. and A.R. Blair, ‘What it takes for large organisations to be innovative,’ Research Management, March-April 1982, pp.34–37; N.M. Tichy and M.A. De Vanna, ‘The transformational leader’, Training and Development Journal, July 1986, pp.27–32.
Rothwell, op. cit.; Sherman, op. cit.; W. E. Souder, ‘Organizing for modern technology and innovation: a review and synthesis,’ Technovation, 2, 1983, pp.27–44; H.H. Steveson and D.E. Gumpert, ‘The heart of entrepreneurship,’ Harvard Business Review, March-April, 1985, pp.93.
M. K. Badaway, ‘How to prevent creativity mismanagement,’ Research Management, July-Aug 1986, pp.28–35.
op. cit., p.50.
H. Mintzberg and A. McHugh, ‘strategy formation in an adhocracy,’ Administrative Science Quarterly, 1985, pp.160–197.
G. Ekvall, ‘The organisational culture of idea management,’ Paper to the International Congress of Psychology, Sydney, Aug-Sept 1988, p.10.
Peters and Waterman, op. cit.
Cotton and Harvey, op. cit.
Rothwell and Zegfeld, op. cit., p.79.
E.g., Moss Kanter, op. cit.; T. Peters, ‘Facing up to the need for a management revolution’, California Management Review, Winter 1988, p.11.
E.g., Mendell and Ennis, op. cit.; Peters, op. cit.
M. Robson, J. Townsend and K. Pavitt. Sectoral patters of production and use of innovation in the UK, 1945–1983, Science Policy Research Unit, University of Sussex, May 1985.