Topics: Management, Innovation, New product development Pages: 7 (2112 words) Published: November 15, 2013
New Innovation Articles Conference Call with Innovation Professionals International Journal of Innovation Science

It is our pleasure to announce the December 2012 issue of the International Journal of Innovation Science (IJIS).  Below is a summary of ten articles covering a wide range of innovation topics. (You can download the letters from the Editor and Book Reviews for free.)  IJIS is a great source of insight on innovation.  IJIS 100+ articles cover a wide range of innovation topics, with a focus on fundamental and applied research in innovation practices. You will want to stay informed of the latest thinking with your own subscription to IJIS.  

If you are not already, signup for our email list and get new issue announcements, calls for papers, and more by visiting our homepage. And we are always interested in new thinking, so consider us for your next article submission!

Dr. Brian Glassman
Assistant Managing Editor
Letter from the Editor

Brett Tusko – IJIS Editor and Chief.
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Innovation in UK companies. An Evaluation of the Implementation of Best Practice in Front End Innovation Processes and Methodologies

Patrick J. Trotter, Jason Vaughan, Advation Ltd
With the global economy facing its toughest test in over 60 years never has it been so important for companies, large and small, to innovate and grow. Whilst few business leaders would argue with this statement, research has highlighted the difficulty that businesses face in developing commercially successful, innovative products and services. It's well documented that between 80-90% of new product launches fail and whilst 80% of business leaders believe that innovation is important 65% are dissatisfied with their ability to innovate. To understand why successful, innovative products and services appears to be so elusive we conducted original research amongst a sample of UK based companies. The aim of the research was to identify how companies generate potential product ideas and what barriers they face in taking these ideas to the next stage of development. The results showed that whilst small and medium sized companies recognized the importance of innovation they did not have formal processes for generating ideas. In contrast all respondents from large companies reported that their organizations did have formal documented processes for innovation activities. Worryingly, all companies failed to use a sufficiently wide range of research tools to identify customers unmet needs. Another key area of the research was regarding barriers to innovation. Perhaps unsurprisingly, cost was considered to be the greatest barrier. Several of the other top and middle tier barriers to innovation were: lack of communication between departments; senior management; politics; poor decision making processes; and incomplete scientific or technical understanding. These barriers are directly rectifiable by putting specific transparent front end innovation processes in place. Although these problems are likely to differ between different industries the use of some innovation methodologies such as technical forecasting would help in the strategic decision making process. These findings suggest that both SMEs and large companies have gaps in the quality of their innovation systems which present a significant risk that the new products they develop may meet with commercial failure. Download this article in full

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How Entrepreneurs Think: Why Effectuation and Effectual Logic May be the Key to Successful Enterprise Entrepreneurship Thomas N. Duening1, Morgan M. Shepherd2, Andrew J. Czaplewski3 1University of Colorado, Management, Colorado Springs, CO

2Information Systems, University of Colorado, Colorado Springs, CO 3University of Colorado, Marketing, Colorado...
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