The Challenge of Innovation for Employees

Cureteanu Radu Silviu (), Isac Florin Lucian () and Sergiu Rusu
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Cureteanu Radu Silviu: Aurel Vlaicu University, Arad
Isac Florin Lucian: Aurel Vlaicu University, Arad

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 1, 873-876

Abstract: Many companies try to create a centralized program for managing innovation. Usually innovation is delegated to the marketing or R&D department or sometimes a new function is created to manage innovation across the organization. Unfortunately such models for fostering innovation are insufficient and inefficient. Innovation is limited by the available talent, attention, insights and instincts of the managing group. They don’t allow a largely pool of talented and insightful employees to create and act on their ideas. We believe that a solution can be to create a system for stimulating potentially valuable ideas and managing the process of converting the best of them to innovations that have an impact on competitiveness.

Keywords: knowledge management; competitive advantage; innovation. (search for similar items in EconPapers)
JEL-codes: M10 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xii:y:2012:i:12:p:873-876

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