Innovation Styles, Processes, and their Drivers: An Organizational Perspective

Abstract

Technology innovation is not just a result of funds invested in research and development of a firm; it is a culmination of long-standing investments in well-thought-out processes, plans, and strategies. The chapter aims to address these aspects of technological innovations. The innovation process is a unique one, and each firm has a different style of bringing in innovation as per their requirements. These diverse innovation requirements are a direct consequence of the organizational structure and the innovation philosophies that those structures have embedded in them. Based on academic research done over the past decades on topics of organizational impact of innovation, the authors analyze the different innovation philosophies that organizations have, the processes that organizations use to promote innovation, as well as the drivers that impact these philosophies and processes.