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A Financial Case for Leadership Development
In the competitive world of business, companies may decide to
forgo leadership training in order to cut costs. However, a
high-quality Leadership Development course can save six figures
off a company's bottom line each year. Not only does a...
Box Out For The Win
There's nothing more fun than being with your friends on hot
afternoon. You can chill out, hang loose, and just relax. And if
the odds are good, all of you should have enough cash to go on a
quick ride down to town and have yourselves a ball at...
Business Innovation – Radical and Disruptive Innovation
One of the most interesting aspects of creativity and innovation is the relationship between incremental and radical change.
Creativity can be defined as problem identification and idea generation whilst innovation can be defined as...
Creativity and Innovation Management – the creative state
Often the creative state is described in almost “spiritual” terms. However, these analysis are misleading and do not help to make creativity tangible, measurable and useable.
Creativity can be defined as problem identification and...
The Role of the Business Model and Strategy for Business
People will always stress that having a well researched business plan is key before you start your business. Although creating a business plan is often an important step in the evolution of a business, particularly if you need financing or you...
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Creativity And Innovation - Large Firms Versus Small Firms
There is a pervasive assumption that small firms are more creative and innovative than larger firms. That is, they identify problems and generate ideas (creativity) and idea select, develop and commercialise (innovate) those ideas to a greater degree than larger firms. However, there is a large degree of untruth to this assumption:
a) Small firms suffer from a different set of problems than larger firms. Small firms, for example, tend to lack resources whereas larger firms tend to have more resources but may be less ready for wholesale adaptation in times of radical change. But these limitations do not mean that one is more innovative than the other. The sheer availability of resources means larger firms should be able to innovate along product, process, positioning and paradigm lines more often.
b) Large firms register more patents than small firms.
c) Relatively little data is available about innovation in small firms.
d) Most research of small firms has been conducted in the technology sector – a very small sample with it’s own idiosyncrasies – the very large investments that some tech firms get skews the data.
e) There is little data analysing whether the innovations produced by small firms has any significance at all.
f) Small firms will inevitably tend to suffer a lack of intellectual cross-pollination and frame breaking and higher
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degrees of path dependency and parochialism.
g) There is confusion between organisational size and team size. Small teams working with direct access to decision makers in large organisations can be just, if not more (with larger resources), effective than small firms.
These and other topics are covered in depth in the MBA dissertation on Managing Creativity & Innovation, which can be purchased (along with a Creativity and Innovation DIY Audit, Good Idea Generator Software and Power Point Presentation) from http://www.managing-creativity.com/
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Kal Bishop, MBA
About the Author: Kal Bishop is a management consultant based in London, UK. He has consulted in the visual media and software industries and for clients such as Toshiba and Transport for London. He has led Improv, creativity and innovation workshops, exhibited artwork in San Francisco, Los Angeles and London and written a number of screenplays. He is a passionate traveller. He can be reached on http://www.managing-creativity.com/
Source: www.isnare.com
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