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INNOVATION MANAGEMENT. Jiri Vacek vacekj @ kip.zcu.cz Department of Management, Innovations and Projects UWB, Faculty of Economics Plzen, March 2004. Lessons 1,2. Introduction Basic concepts Importance of innovations. CHARACTERISTIC S OF SUCCESSFUL INNOVATING COMPANIES - 1.

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innovation management

INNOVATION MANAGEMENT

Jiri Vacek

vacekj@kip.zcu.cz

Department of Management, Innovations and Projects

UWB, Faculty of Economics

Plzen, March 2004

lessons 1 2

Lessons 1,2

Introduction

Basic concepts

Importance of innovations

characteristic s of successful innovating companies 1
CHARACTERISTICS OF SUCCESSFUL INNOVATING COMPANIES - 1
  • Systematic collection of all impulses that could lead to innovation
  • Creativity of employees
  • Ability to evaluate the possibility of the innovation idea
  • Good team work
  • Project-based approach and ability to manage projects
characteristic s of successful innovating companies 2
CHARACTERISTICS OF SUCCESSFUL INNOVATING COMPANIES - 2
  • Cooperation with external experts (universities, research laboratories…)
  • Proper rate of risk-taking
  • Employees’ motivation (the employees are willing to improve the product and the operation of the whole company)
  • Continued education of employees
  • Ability to finance the innovation activities
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