Innovative Thinking | Innovation Management

Running head: INNOVATION MANAGMENT
INNOVATION MANAGMENT
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INNOVATION MANAGMENT
Introduction
It can be sad that innovation is a key activity when it comes to the sustainability of an
organisation in industries that are competitive in nature (Pedersen, Gwozdz and Hvass 2018).
The nature of innovation to be carried out by the organisation in order to gain effectiveness in
operation is crucial in order to determine the effectiveness of operations of the company (Roome
and Louche 2016). Thus, innovation is an activity that needs to be carried out by organisation
who aim to be ready for the future needs associated with the organisation (Massa and Tucci
2013). The aim of the paper is to satisfy the information needs regarding the innovative thinking
to be carried out by the organisation, the organisation mechanism behind the same and the
techniques that have been employed by the organisation in order to gain effectiveness n terms of
sustainability through hindrance free communication and stakeholder engagement.
Planning
Planning is one of the most crucial steps that’s needs to be carried out while organisations
are on operation (González et al. 2015). Planning is a stage that ensures that the activities to be
carried out by the company in terms of innovation can be structured (Ritala et al. 2013).
Innovation is an activity that does not occur by chance or by luck. It is an activity that needs to
be planned, structured and instated in the culture of the organisation. Thus, a mind-set
characterised by innovation is to be ensured in order to gain effectiveness in operations in terms
of development of innovative thinking that should influence all the activities of the organisation
(Wu et al. 2013).

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INNOVATION MANAGMENT
Resources
The allocation of resources for the management of the activities associated with
innovation helps in the development of activities associated with the advantage that the company
is subject to. Resources are the items that are needed for the operations of the company
(Hajmohammad et al. 2013). The latter can be both tangible and intangible resources as well as
human capital. Planning is the step that can help in terms of gaining favourable outcomes in
planning. Hence, identification of the resources is a crucial step that needs to be carried out if the
latter is aiming to cater to the needs of tab organisation associated to the allocation of resources
(Dumedah and Walker 2014).
Organisational mechanism
The process that need to be followed in terms of development of the competency of the
organisation is sustaining the innovative practices depends on the mode of operations of the
organisational mechanism. In order to bolster engagement activities from the part of the
company, it needs to be ensured that considerable portion of the budget is allocated to research
and development along with the allocation of time behind activities that are characterised by
innovation (Maslowska, Malthouse and Collinger 2016). Thus, it can be said that the company
should have the ability to contribute to the needs associated innovations, It is suggested that there
should be activities through which the employees can give rise to ideas that will help the
organisation in developing constantly. Brainstorming session and staying up to date with the
international standards can help in development of effectiveness of the latter in development of
the activities associated with innovative thinking and creativity form the part of the company.