A critical literature review of innovation and change related to emerging technology

A critical literature review of innovation and
change related to emerging technology

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Table of Contents
Introduction...........................................................................................................................................2
Literature review...............................................................................................................................2
Innovation.........................................................................................................................................2
Difference between invention and innovation,.................................................................................3
Creativity and innovation..................................................................................................................3
Innovation and strategy.....................................................................................................................4
Open innovation................................................................................................................................4
Technological innovation...................................................................................................................5
Definition of change..........................................................................................................................5
To make change to process and services,..........................................................................................6
Making technological changes...........................................................................................................7
Technophobia and technophile.........................................................................................................7
Reactions to any technological change..............................................................................................8
Force field analysis............................................................................................................................9
Technology Acceptance Model........................................................................................................10
Managing ttechnological change successfully.................................................................................10
Conclusion...........................................................................................................................................12
References...........................................................................................................................................13

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Introduction
This report covers a literature review on many terms that people are not aware about.
The relations between various terms are discussed along with their importance. Innovation
and creativity is a process of generating new idea and strategies that could help in providing
better solutions to fulfil the market requirements. Innovation can be said to be practical
implementation of invention. Invention is the first release whereas innovation is the
modification of such process. Thus all these terms are discussed in the report. The terms like
open innovation, technological development, reaction of technology development and many
such terms are listed and analysed by performing a literature review.
Literature review
Innovation aaccording to (Luks, Johnson and Polzin, 2015), it is one of the most
important terms for the businesses. It can be characterized as generation of new thought or
technique that could help in giving better answers to satisfy the market necessities.
Innovation can be said to provide better solutions to meet the market requirement. It is a
creative process that helps in adding flexibility and ease in the present strategy. If considering
the case of business innovation it is about designing better functions for the existing company
so that it creates new wealthy environment. An idea is generated by many creative minds and
is turned into a solution that adds values to customer’s perspective (Marcelino et. al, 2016).
Some of the authors defined innovation in a different way, they said it is an execution of great
ideas to add magical concept to existing situation. It can be seen as introduction of new
products and services that adds value the organisation. It is a process of inventing new thing
in the market that may change the existing product. This can be said as the modification in
the present product with advanced features.

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Difference between invention and innovation, according to (Bertoni and
Tykvová, 2015) existsInnovation is not the same as invention as it can be said as an alteration
of existing item. Considering an illustration, Innovation is advanced updates in the
technology like it turned to be touch screen pads and advanced camera facilities. (Snyder, et.
al, 2016)
Creativity and innovation, in the views of (Sarooghi, Libaers and Burkemper,
2015), Advancement requires innovative personalities so something new and dynamic
comes in the market. These two terms are not like each other there is a slight contrast
between these two (Dawson and Andriopoulos, 2014)Innovation and strategyn the
views of (Kalkan, Bozkurt and Arman, 2014), (Roper and Xia, 2014)Open innovation
according to (West and Bogers, 2014), is used to promote any change in the information at the
time of innnovaton. The benifits behind open innovation is used to increase external
background of the company. The idea of open innovation was arrived due to distribution of
knowldge that helped in gaining importance world wide. It offers various benifits as it
reduces teh cost of devlopment, teh productiviy is also enhaced due to the imporment. It
additionally builds the exactness by focusing on customes in the market. Open innovation has
potenial for viral marketting and furthermore has the potenial to connect inside and outside
development. The drawback of open innovation is taht it might leak some of the information
which is not thre for sharing purpose. It likewise increses overall complexity by identifying
and incorporating external innovation (Brunswicke and Vanhaverbeke, 2015). Thus it can be
stated that it is a way to define the use of all the inflows and outflows of the company. By
adopting the methodolgy of open innovaton the boundaries of an organisation is to allow the
company to make use of others resources and external asserts.