Overcoming Barriers of Innovation in Indian SMEs Bhatt, Jagat K.
By: Bhatt, Jagat K
Material type:
ArticlePublisher: 2007Subject(s): Barriers | India | Indian Smes | Smes | Small And Medium Enterprises | Leadership | Innovation | Innovation And Leadership Dimensions Of | Entrepreneurshipip | Seventh Biennial Conference On The New F | Biennial Conference Papers
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Seventh Biennial Conference on the New Frontiers of EntrepreSummary: The word innovation comes from the Latin word Innovate which means to make new. Innovations involve new methods of doing things and are associated with risks, failure, new ways of management thinking and unlearning of old ways {3}. Innovation is the process of doing new things. It is important to recognize that innovation implies action, not just conceiving of new ideas. According to Drucker {4} Innovation is the means by which the entrepreneur either creates new wealth producing resources or endows existing resources with enhanced potential for creating wealth. Arthur D. Little {5} has classified innovation further as: - Product Innovation - Process Innovation - Organizational innovation Product innovation is defined, as the creative development and commercialization of radically new products or services, using new technology and linked to unmet customer requirements. Process Innovation is defined, as the development of new ways of producing or delivering services that lead to cost efficiencies or speedier deliveries. Today organizations are knowledge based and their success and survival depend on creativity, innovation, discovery and inventiveness. An effective...
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Ahmedabad (HO) | (Browse shelf) | Vol. , Issue. | Available | 019605 |
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The word innovation comes from the Latin word Innovate which means to make new. Innovations involve new methods of doing things and are associated with risks, failure, new ways of management thinking and unlearning of old ways {3}. Innovation is the process of doing new things. It is important to recognize that innovation implies action, not just conceiving of new ideas. According to Drucker {4} Innovation is the means by which the entrepreneur either creates new wealth producing resources or endows existing resources with enhanced potential for creating wealth. Arthur D. Little {5} has classified innovation further as: - Product Innovation - Process Innovation - Organizational innovation Product innovation is defined, as the creative development and commercialization of radically new products or services, using new technology and linked to unmet customer requirements. Process Innovation is defined, as the development of new ways of producing or delivering services that lead to cost efficiencies or speedier deliveries. Today organizations are knowledge based and their success and survival depend on creativity, innovation, discovery and inventiveness. An effective...
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