Managerial Innovation Implementation
Managerial innovation can be defined as new organizational structures, administrative systems, management practices, procedures, routines, or techniques that are adopted by a firm. Managerial innovations can be strategic and radical and thus affect crucially the competitiveness and performance of organizations. Managerial innovation forms, along with product and service, process and marketing innovations, the four canonical types of innovations. Despite this sheer classification, it must be kept in mind that the boundary between product and service, process and managerial innovation is blurred, and there are always interactions between all types of innovations.
There is not yet a consensus about the best term for the concept implicit in managerial innovation. In management research, it is easy to find the terms managerial, management, and organizational innovation used indistinctly. The term...