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Navigating The Innovation Landscape: Past Research, Present Practice, And Future Trends, Shanthi Gopalakrishnan, Eric H. Kessler, Joanne L. Scillitoe
Navigating The Innovation Landscape: Past Research, Present Practice, And Future Trends, Shanthi Gopalakrishnan, Eric H. Kessler, Joanne L. Scillitoe
Organization Management Journal
The management of innovation is among the most critical capabilities contributing to the success of modern organizations. It is also complex and frequently misunderstood. In this paper we first provide a broad overview of the organizational innovation literature [the Past] to distill five fundamental themes: What is innovation, why is it important, where does it come from, who engages in it, and how can it be best executed? Second, we illustrate how these concepts are applied by three companies on the vanguard of innovation management [the Present] – Google, Walt Disney, and Johnson & Johnson. Third, we project the discussion …
Does Employee Ownership Increase Innovation?, Robert Garrett
Does Employee Ownership Increase Innovation?, Robert Garrett
New England Journal of Entrepreneurship
One way that firms attempt to innovate is through investment in R&D activity. However, there is much heterogeneity in innovations among firms making comparable R&D investments. This article explores employee ownership’s moderating effect on the relationship between R&D intensity and innovative output. The basis for the moderation is that ownership increases motivation and commitment to the innovation agenda of the company, and retains employees’ entrepreneurial efforts for internal opportunities. Using hierarchical regression, the data support the hypothesis that employee stock ownership positively moderates the relationship between R&D intensity and innovative output. Implications for future research and practice are addressed.