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2006

Innovation

Rochester Institute of Technology

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Innovation In Non-Profit And For-Profit Organizations: Visionary, Strategic, And Financial Considerations, Clyde Hull, Brian Lio Jan 2006

Innovation In Non-Profit And For-Profit Organizations: Visionary, Strategic, And Financial Considerations, Clyde Hull, Brian Lio

Articles

Innovation has been widely studied in the context of for-profit organizations. Less attention has been paid in business literature to innovation in non-profit organizations. This paper lays out a model for comparison and then explores the differnce between the two types of organizations. Using these data, predictions are made as to how these differences between the two types of innovative behavior of non-profit organizations and theories are proposed about the methods of innovation most suited to a non-profit organization. A theory model is presented which incorporates differences in vision, in strategic constraints, and in financial constraints.