Improving Innovation Management Decision-Making: Thinking Like an Innovator

The Conference Board of Canada, 76 pages, May 23, 2014
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This report examines the ways of thinking, questioning, and behaving that constitute managers’ decision-making patterns about innovation. It highlights decision-making techniques that firms could use to improve how they manage innovation processes.

Document Highlights

Improving Innovation Management Decision-Making: Thinking Like an Innovator looks at firm-level innovation through the lens of management decision-making. It examines the ways of thinking, questioning, and behaving that constitute managers’ decision-making patterns about innovation. The report emphasizes the importance of taking steps to improve awareness, accumulate and draw on experience, and recognize and correct biases and errors in judgment. It also identifies decision-making techniques that firms could use to improve how they manage innovation processes, and presents a structured framework that highlights the questions managers should ask themselves and their teams in order to make better decisions.

Table of Contents

Executive Summary

Résumé

Chapter 1—Introduction

  • Purpose of the Report
  • Framework
  • Methodology

Chapter 2—Why Management Matters

  • Management Practice and Innovation Performance: Exploring the Links
  • Management Talent
  • From the Macro to the Firm Level

Chapter 3—A Decision-Making Framework for Innovation Management

  • The Elements of Effective Innovation Decision-Making
  • Element I—Awareness
  • Element II—Experience
  • Element III—Judgment
  • Conclusion

Chapter 4—Acquiring the Innovation Management Mindset

  • Education
  • Experience
  • Good Judgment for Management Excellence

Chapter 5—Strategies to Improve Innovation Management

  • 1. Use the Framework to Improve Decision-Making
  • 2. Accumulate and Draw on Internal Experience
  • 3. Develop and Draw on External Networks of Experience
  • 4. Pursue Formal Management Education—But Not Right Away
  • Enhancing Innovation Performance Through Management Excellence

Appendix A—Bibliography

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