Innovation Management Strategy: The Future of Disruptive Innovations is Bright

Content Type

User Generated

User

Wbrnznu

Subject

Business Finance

Description

Submit an 8- to 12-page evaluation (excluding title page and References section) of your research on innovation management. In your evaluation, be sure to address the following:

Analysis of the Field

What is your analysis of the state of the field of innovation management? Describe important issues or current dilemmas in the field along with identifying gaps in knowledge that deserve further research. It is one or more of these gaps that lead to a research topic.

Research Topic

State and provide background information for your research topic.
What are the current relevant theories and areas of debate for your topic not previously covered in the Analysis of the Field?
Are there particular industries or technologies that will be impacted by your topic? If this impact is positive, how can it be maximized, and if negative, how can this impact be mitigated?

Future Directions

As a global change agent, consider the future directions of innovation management to address the following:

Indicate specific areas of further research in this topic that would prove beneficial. Connect your recommendations for further research to recent credible peer-reviewed research articles.
What potential impact might the topic that you have chosen have on the overall state of the field and the future directions of innovation management research in the next 3–5 years?
Identify the implications for future social change from your topic area.

Be sure to review the Final Paper Guidelines and Week 7 Assignment Rubric. Use the APA Course Paper Template, located in the Learning Resources for this 2-week unit. Your paper should include the following headings: Analysis of the Field, Research Topic, and Future Directions. Please Note: For each page of your paper, you must include a minimum of two APA-formatted scholarly citations.

Unformatted Attachment Preview

Superior Criteria Excellent Criteria Element 1: Research Topic Analysis of the Field 20 (20%) 19 (19%) Student presents a thorough and detailed analysis of the state of the field of innovation management research and thoroughly describes important issues or current dilemmas in the field. Several sources and examples support thinking. Student presents a thorough and detailed analysis of the state of the field of innovation management research and thoroughly describes important issues or current dilemmas in the field. Several sources and examples support thinking. There are one or two minor errors. Element 2a: Research Topic Background Information 5 (5%) 4.75 (4.75%) Student presents a thorough and detailed evaluation of the background information for his/her research topic. Several sources and examples support thinking. Student presents a thorough and detailed evaluation of the background information for his/her research topic. Several sources and examples support thinking. There are one or two minor errors. Element 2b: Research Topic Current Theories and Areas of Debate 5 (5%) 4.75 (4.75%) Student presents a thorough and detailed evaluation of the current theories and areas of debate for his/her research topic. Several sources and examples support thinking. Student presents a thorough and detailed evaluation of the current theories and areas of debate for his/her research topic. Several sources and examples support thinking. There are one or two minor errors. Element 2c: Research Topic Industries or Technologies Impacted 5 (5%) 4.75 (4.75%) Student presents a thorough and detailed explanation of any particular industries or technologies that will be impacted by his/her topic and, if impact is positive, explains how it can be maximized and, if negative, explains how this impact can be mitigated. Several sources and examples support thinking. Student presents a thorough and detailed explanation of any particular industries or technologies that will be impacted by his/her topic and, if impact is positive, explains how it can be maximized and, if negative, explains how this impact can be mitigated. Several sources and examples support thinking. There are one or two minor errors. Element 3a: Future Directions - 5 (5%) 4.75 (4.75%) Student presents a thorough and detailed explanation of specific Student presents a thorough and detailed explanation of specific areas Superior Criteria Excellent Criteria Further Research areas of further research in this topic that would prove beneficial. Several sources and examples support thinking. of further research in this topic that would prove beneficial. Several sources and examples support thinking. There are one or two minor errors. Element 3b: Future Directions Overall State of the Field 5 (5%) 4.75 (4.75%) Student presents a thorough and detailed explanation of what potential impact might the topic that he/she has chosen have on the overall state of the field and the future directions of innovation management research in the next 3-5 years. Several sources and examples support thinking. Student presents a thorough and detailed explanation of what potential impact might the topic that he/she has chosen have on the overall state of the field and the future directions of innovation management research in the next 3-5 years. Several sources and examples support thinking. There are one or two minor errors. Element 3c: Future Directions Future Social Change 10 (10%) 9.5 (9.5%) Student presents a thorough and detailed explanation of the implications for future social change from his/her topic area. Several sources and examples support thinking. Student presents a thorough and detailed explanation of the implications for future social change from his/her topic area. Several sources and examples support thinking. There are one or two minor errors in explanation. Element 4: Critical Thinking 15 (15%) 14.25 (14.25%) Writing exhibits excellent evidence of thoughtful critical analysis and thinking; careful examination is made of assumptions and possible biases, with detailed supporting rationale. Writing synthesizes the classroom experiences and content; analyzes patterns or connections between theory and practice; and draws logical conclusions based on wellreasoned, superb arguments. Writing exhibits excellent evidence of thoughtful critical analysis and thinking; careful examination is made of assumptions and possible biases, with detailed supporting rationale. Writing synthesizes the classroom experiences and content; analyzes patterns or connections between theory and practice; and draws logical conclusions based on well-reasoned, superb arguments. There are one or two minor errors in explanation. Element 5: Written 15 (15%) 14.25 (14.25%) Student consistently follows APA Student consistently follows APA Superior Criteria Excellent Criteria Delivery Style & Grammar writing style and basic rules of formal English grammar and written essay style. Student communicates in a cohesive, logical style. There are no spelling or grammar errors. writing style and basic rules of formal English grammar and written essay style. Student communicates in a cohesive, logical style. There are one or two minor errors in spelling or grammar. Element 6: Formal and Appropriate Documentation of Evidence, Attribution of Ideas (APA Citations) 15 (15%) 14.25 (14.25%) Student demonstrates full adherence to scholarly reference requirements, including for each page of his/her paper a minimum of two APA-formatted scholarly citations, and adheres to APA style with respect to source attribution, references, heading and subheading logic, table of contents and lists of charts, etc. There are no APA errors. Student demonstrates full adherence to scholarly reference requirements, including for each page of his/her paper a minimum of two APAformatted scholarly citations, and adheres to APA style with respect to source attribution, references, heading and subheading logic, table of contents and lists of charts, etc. There are one or two minor errors in APA style or format.
Purchase answer to see full attachment

Tags: Disruptive Innovation Innovation management

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running head: THE FUTURE OF DISRUPTIVE INNOVATIONS IS BRIGHT

Innovation Management Strategy: The Future of Disruptive Innovations is Bright
Name
Institution

1

THE FUTURE OF DISRUPTIVE INNOVATIONS IS BRIGHT

2

Abstract
Over the years, innovation scholars have advocated for the integration of innovation in
corporations and firms. The argument is that change enhances competitiveness and performance
of a firm. In spite of this, current knowledge on innovation is characterized by various
inconsistencies, gaps, and uncertainties. The scholarly work below is based on analyses of
multiple writings on changes. Based on the reviews, several recommendations have been
outlined. The suggestions are to aid in the development of innovation and also enhance further
research on the thematic area the currently available resources have not covered. The paper seeks
to establish the relationship between firms and organization, management, the market, and
productivity.
Keywords: Innovation, management, performance

THE FUTURE OF DISRUPTIVE INNOVATIONS IS BRIGHT

3

Innovation Management Strategy: The Future of Disruptive Innovations is Bright
Introduction
Organizations and firms strategically incorporate technology and innovation into their
operations to enhance performance. In the contemporary society, due to globalization,
competition is high. Therefore, to strengthen competitiveness, companies are gradually adopting
innovations in their actions. Globally, markets are dynamic; customer needs and tastes change
based on emerging trends and practices. As such, to ensure survival in such a market, a firm has
to adopt an innovation. Consequently, within the strategic management, change has become an
essential component.
Analysis of the Field
Management innovation is defined as the process of inventing and implementing
management processes, structures, and practices that are relatively new with the intentions of
further accomplishing the goals of an organization (Markides, 2006). Innovation management as
a field has a bright future that scholar's term as shiny as and better than it has ever been. Today,
the business community is encountering some critical issues that have stirred up debates and
endless discussions. Four key innovation issues have a likelihood of affecting the current
business community.
The Different and Integrative Concepts of Innovation
The first issue revolves around the different and integrative concepts of innovation.
Innovation that is sustainable cannot be achieved with a single specific approach. It is a
requirement that first of all there is a deep-rooted comprehension of what change entails and the
necessary classifying concepts to enhance individual assessments. It is essential to understand

THE FUTURE OF DISRUPTIVE INNOVATIONS IS BRIGHT

4

the differentiated approaches so that organizations are being put in a better place to strengthen
their performance and innovation capabilities (Yu and Hang, 2010).
It is also worth noting that innovation primarily focuses on balancing variables that are
not only complementary but also opposing in nature. It, therefore, implies it is crucial to include
integrative frameworks in gaining a much more holistic viewpoint and a direction of the possible
actions. As an example, it is well known that the innovation matrix is purposed to helping
organizations to assign at least one of the available types of innovative organizations. A specific
approach can, therefore, be tailored with an objective of defining the position of innovation in
the business to propel its growth (Goetsch & Davis, 2014). A model such as the three horizons
model comprises of all views of change whether short term or long term. Sustainable innovation,
therefore, needs to be integrative and not just to provide options. It is an area that deserves
further knowledge and numerous researchers.
Innovation of Business Models and Reinvention
Firms are implementing radical inventions as business models keep on reducing each day
making the business model the newest design unit in town. Innovators of business model
continue to outperform the traditional innovators in the past recent years. The most critical issue
that is key and needs further knowledge and studies is the establishment of systematic
approaches that are related to the innovation o...