In recent years, innovation has, for most firms, become a key issue in an economic context and numerous authors highlight innovation as a fundamental process in an organization's performance. Nevertheless, successful innovation requires setting up well-organized and well-run projects that will put things in place in the most effective and efficient way. Project Management, on the other hand, has become a distinctive way to manage business activities nowadays, but project management literature largely ignores innovation. So it can be concluded that historically, innovation and project management have been researched and analyzed as separated disciplines. The goal of this paper is to provide a new insight connecting both concepts and to explain that effective innovation needs effective project management.
Finnish SMEs and the development of the innovative collaboration platform
Zafar, Afnan : University of Vaasa, Finland & Kantola, Jussi : University of Vaasa, Finland & Sivula, Ari : University of Vaasa, Finland & Kwegyir-Afful, Ebo : University of Vaasa, Finland & Lotchi, Kodjovi : University of Vaasa, Finland
From: 2019 ISPIM Innovation Conference (Florence)
Global patterns of innovative platforms for the collaboration of SMEs have resulted in the formation of SME ecosystems to connect with new markets. Finland is an innovative country, trying its best to form a national SME collaboration platform to later connect to global SME networks. The study investigates factors involved in the development of such collaborative platforms. First, the conceptual framework of collaborative platforms was synthesized from SME networking literature. Then 30 SMEs from Finland were surveyed and analysed by statistical tools. The results provided support for a conceptual framework in terms of a relationship between six factors and their impact on the development of the platform. An implication for managers is that if they are welcoming enough toward a collaborative platform, there will be better evaluation of the financial situation of the company. Keywords: SMEs - Open innovation - Platform - Finland
Relationship between firms' performance and reasons for outsourcing innovation
Zafar, Afnan : University of Vaasa, Finland & Kantola, Jussi : University of Vaasa, Finland
From: 2018 ISPIM Connects (Fukuoka)
Innovative products have become crucial as firms vie for consumer attention concerning their newly developed products in a saturated market. One important strategy employed by firms is the use of external innovation providers. The study investigates reasons for outsourcing innovations (OI) and their relationship with firms' performance. The results should assist firms in ascertaining how the reasons for OI affect firm performance. First, the conceptual framework of reasons for OI and related firm performance was synthesized from the open innovation literature. Then, highly innovative firms from 20 countries were surveyed and analysed by statistical tools. The results provided support for a conceptual framework with a positive relationship between four reasons for OI and firms' overall performance. An implication for managers is that, if cost-effectiveness is the only reason for entering into an OI contract, it might not be a good decision in terms of the respective firms' overall performance.
Divergent and Convergent Thinking Patterns Across Different Entrepreneurial Opportunity Contexts
Zagorac-Uremovi?, Zorica : University of Liechtenstein, Liechtenstein; Marxt, Christian : University of Liechtenstein, Liechtenstein
From: 2017 ISPIM Innovation Conference (Vienna)
Little is known about actual cognitive strategies in relation to the identification of different business opportunity types and settings. This paper investigates the roles of two pairs of cognitive strategies - divergent and convergent thinking - in the context of the opportunity recognition impetus, process and different opportunity types. While works on creativity have acknowledged the importance of both divergent and convergent thinking for innovation, entrepreneurship research has not yet empirically examined their joint roles over the course of this front-end entrepreneurship process. This paper does not only close this gap by means of a multiple-case study analysis with 32 entrepreneurs and their opportunity cases, but also investigates underlying cognitive processes and some important context-specific aspects that are crucial to understand entrepreneurial success.
Opportunity Recognition and Business Ideation from a Cognitive Perspective
Zagorac-Uremovic, Zorica : University of Liechtenstein, Liechtenstein
From: 2015 ISPIM Innovation Conference (Budapest)
Recognizing viable business opportunities builds the basis for entrepreneurial action and value creation. Even though the concept of opportunity has been discussed extensively, we still do not understand well how opportunities are recognized or developed to innovative business ideas on individual and firm level. Various factors related to opportunity recognition have been explored, such as education and business experience of the entrepreneur. While these findings are important, they do not explain sufficiently how entrepreneurs utilize these antecedents. Approaches originating from cognitive sciences have the potential to advance our understanding by examining underlying cognitive processes employed in opportunity recognition and business ideation. This conceptual paper provides a review of literature that deploys a cognitive perspective and discusses emerging theories, e.g. schemata, mental simulations, and structural alignment. Eventually, an outlook on future research, including practical issues, such as how to facilitate opportunity recognition, is presented.
Location Based Services in the Asia-Pacific: Anti Vs. Pro Innovation
Zaky Fouad, Tamer : National Chung Hsing University, Taiwan & Su, Hsin-Ning : National Chung Hsing University, Taiwan
From: 2015 ISPIM Innovation Conference (Budapest)
This paper tries to explore policy barriers and commercial solutions for innovation diffusion of Location Based Services in the Asia-Pacific Region. "Location-Based Services (LBS) are the delivery of data and information services where the content of those services is tailored to the current location and context of a mobile user. This is a new and fast-growing technology sector incorporating GIS, wireless technologies, positioning systems and mobile human-computer interaction." (Brimicombe, 2009). The paper provides technology policy analysis based on the cases and examples of how Asia-Pacific countries and companies can influence the whole industry diffusion despite of existing barriers. Moreover, contribution and implications for the public as well as business and policy decision makers are also discussed.
Zamberlan, Romulo : Natura Innovation & Technology, Brazil & Hashiba-Horta, Luciana : Natura Innovation & Technology, Brazil & Dias, Laura : Natura Cosmetics, Brazil & Dellanoce, Milla : Natura Cosmetics, Brazil
Project portfolio management is not a very new issue but it is still a challenge to academics and practitioners when it comes to the design of a model that is aligned to the strategy, considering the intangible value involved, and testing it with real data. A methodology of portfolio valuation contemplating tangible and intangible value was settled and applied to a product project portfolio as part of an action research, engaging people from the company as researchers. Results from this research confirmed the contribution of this process of applying this methodology to leverage portfolio quality. Key take aways were captured to plan the next cycle, focusing on leverage of portfolio differentiation, and mindset changing through training of high level executives and managers as decision makers and project leaders as well.