Citation:
Smith, M., Busi, M., Ball, P., Van Der Meer, R., Factors influencing an organisation's ability to manage innovation: A structured literature review and conceptual model. International Journal of Innovation Management, Volume: 12, Issue: 4(2008) pp655-676
Abstract:
Management literature prescribes innovation as a stimulus for sustained
competitive advantage in companies; however, the nature of the development in
this field has resulted in the literature being broad and fragmented. This paper
focuses on the body of literature concerned with the factors which influence
innovation management in organisations. The aim of this research is to present a
holistic view of the factors that affect innovation management. Using a
systematic literature review approach, using over 100 papers, this research
identifies nine key factors that impact on an organisation's ability to manage
innovation. These nine factors have been identified as management style and
leadership, resources, organisational structure, corporate strategy, technology,
knowledge management, employees and innovation process. This paper then
discusses the inductively derived model that presents the important
relationships identified between the factors to present a holistic view of
innovation management. From this, we open up the debate on innovation management
as a systemic approach rather than being focused on the singular factors. We can
therefore conclude that a number of dominant relationships exist between the
factors with the innovation process being the only endogenous factor within the
model.