Part of innovation is establishing innovation pipeline

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Reference no: EM131626144

Embracing innovation in organizations can be very difficult and allocating resources is one of the most difficult parts of innovation organizations have trouble with and understandably so. Part of innovation is establishing an "innovation pipeline" within the organization that helps drive ideas forward, but also contains an inherent amount of risk. Especially in this economy, it can be tough to set aside funding for something that may not actually work. The trouble lies in the potential for businesses to fall behind in the industry and lose a competitive edge if not willing to take risk. Which of the emerging leadership theories from the text do you feel would best facilitate an entrepreneurial spirit in an organization and help management to take risks and accept some level of failure in order to move forward?

Reference no: EM131626144

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