Controlling Creativity and Innovation: Paradox or Necessity?
Jan Pfister
Chapter 9 in Management Control and Uncertainty, 2014, pp 134-148 from Palgrave Macmillan
Abstract:
Abstract Innovation is seen as a central driver of economic growth and sus tain- ability — both in the corporate and the public worlds. Managing innovation is challenging as there is much uncertainty involved in forecasting the organizational future if no innovation occurs or some specific innovations are pursued. In this regard, research on management control systems (MCSs) shows some disagreement about how far formal control procedures enable or hinder innovation. It is argued that formal control and bureaucracies constrain employees’ autonomy including their capability to be creative. On the contrary, more recent research recognizes the usefulness of formalized MCS for decision-making along the innovation process, appreciating the necessity of controlling innovation.
Keywords: Venture Capital; Smart City; Management Control System; Balance Scorecard; Innovative Performance (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-39212-1_9
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DOI: 10.1057/9781137392121_9
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