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Organizational Characteristics

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Organizational Characteristics

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Organizational Characteristics

  1. 1. ORGANIZATIONAL CHARACTERISTICS THAT FACILITATE INNOVATION PROCESS Compiled By: Dhrumil Shah TYBBA Div 1 Roll No. 38
  2. 2. Characteristics  Acceptance of risks The willingness to include risky opportunities in a balanced portfolio  Cross‐functional cooperation and coordination within organisational structure Mutual respect among individuals and a willingness to work together across functions  Receptivity The ability to be aware of, to identify and to take effective advantage of externally developed technology
  3. 3. Characteristics (Contd…)  Space for creativity An ability to provide room for creativity  Strategy towards innovation Strategic planning and selection of technologies and markets  Coordination of a diverse range of skills Developing a marketable product requires combining a wide range of specialised knowledge
  4. 4. Characteristics (Contd…)  Growth Orientation A commitment to long‐term growth rather than short‐term profit  Organisational heritage and innovation experience Widespread recognition of the value of innovation  Vigilance and external links The ability of the organization to be aware of its threats and opportunities  Commitment to technology and R&D intensity The willingness to invest in long‐term development of technology

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