Title:
Innovation
management: Types, management practices and innovation performance in
services industry of developing economies
Abstract: Innovation
is reshaping the corporate culture of organizations in this
present age of competency and service legacy. Innovation in services is
getting recognition from the top executives due to its strategic
importance and globalized competition, which has escalated the demand
of better change and adoption of best practices through change in
processes. This research is based on innovation management in service
industry of Pakistan according to the prevailing corporate environment
and strategies to sustain or have potential competitiveness to meet the
standards of the ever changing market. Organizations are considering
innovative ideas as their potential informational resource along with
financial and non financial resources. Almost 80% of the IT
sector and 60%of the banking sector has embedded the innovation
concepts in their organizational hierarchy to get optimum utilization
of resources and benefits through market and organizational
performance. Innovation is the core competency factor for every market
oriented approach.
Author:
Tahir
Masood Qureshi, Imran Dar, and Shamsa Kanwal Kiyani