Please enable JavaScript.
Coggle requires JavaScript to display documents.
What is a value player and how do you become one? (organisation and value,…
What is a
value player
and how do you become one?
Value is commonly defined as an estimation of the worth of something.
The type of value that is socially valued therefore plays a significant role in shaping innovation
organisation and value
it is crucial for organisations to put in place policies that take into account short and long-term value creation
A central part of a value organisational culture is one of problem solving
innovation strategies for creating value
The innovation value chain
managers must perform six critical tasks
– internal sourcing
cross-unit sourcing
external sourcing
selection
developement
company wide spread of the idea
The innovation value chain view presents innovation as a sequential, three-phase process that involves
idea generation
idea development
diffusion of developed concepts
Organizations typically fall into one
of three broad “weakest link” scenarios.
idea-poor
company, which spends a lot of time and money developing and diffusing mediocre ideas that result in mediocre products and financial returns.
the
conversion-poor
company has lots of good ideas s, but managers don’t screen and develop them
properly
the
diffusion-poor
company
has trouble monetizing its good ideas
In practice, individuals can contribute to value by challenging and replacing existing norms and procedures within their organisations.
This is defined as the ‘activities of actors who have an interest in particular institutional arrangements and who leverage resources to create new institutions or to transform existing ones’ (Maguire et al., 2004, p. 657)