A management tool for innovation using systems thinking approach

Kostas Galanakis, Stuart Passey, Baback Yazdani

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

This paper presents a model, which allows managers to identify the influence of their decisions to the potential innovation activity of the firm by simulation. Systems thinking methodology has been used to understand the framework of innovation systems and to design and run the simulation model. The model is based on two separate subsystems the 'creative factory' and the 'supply availability' that illustrate the internal and external framework of a firm. This paper however presents the sub-model that refers to the 'creative factory' and the managers' decisions that affect the new product design and development process. Using this model a company can evaluate its ability to create new products and processes. The managers can test their decisions against the implications for the innovation activity of the firm and they can design scenarios that can sustain or enhance the production of new products and processes.

Original languageEnglish
Title of host publicationProceedings of the 2000 IEEE International Conference on Management of Innovation and Technology
Subtitle of host publication"Management in the 21st Century", ICMIT 2000
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages378-383
Number of pages6
Volume2
ISBN (Electronic)0780366522, 9780780366527
DOIs
Publication statusPublished - 2000
EventIEEE International Conference on Management of Innovation and Technology, ICMIT 2000: Management in the 21st Century - Orchard Hotel, Singapore, Singapore
Duration: 12 Nov 200015 Nov 2000

Conference

ConferenceIEEE International Conference on Management of Innovation and Technology, ICMIT 2000
Country/TerritorySingapore
CitySingapore
Period12/11/0015/11/00

ASJC Scopus subject areas

  • Management of Technology and Innovation

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