Innovation and Strategic Management Annotated Bibliography

Innovation and Strategic Management Annotated Bibliography
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Innovation and Strategic Management Annotated Bibliography
Sriboonlue, P., Ussahawanitchakit, P. & Raksong, S. (2016). Strategic innovation capability and firm sustainability: Evidence from auto parts business in Thailand. Journal of Business and Retail Management Research, 10(2): 11-29
In this study, the authors sought to investigate the link between strategic innovation abilities’ aspects, its precursor and outcomes. Using a survey involving 126 auto parts organizations, the authors found that strategic management helps in enhancing innovation by improving ideas and through practical activity support, risk taking situation acceptance, market-driven encouragement and energetic adaptation commitment. This also has a positive impact on organizational sustainability. According to Sriboonlue, Ussahawanitchakit, and Raksong (2016) and in reference to the capability theory, managing organization’s resources, including its capability to create, reorganize and integrate its resources in a bid to create new value helps in effectively providing it with a basis of sustainable competitive advantage.
This study is important in that it helps in explaining the relationship between strategic management and innovation. More importantly, the study explicates the relationship between sustainability and innovation in an organization. The article also notes the importance of breaking traditional rules of management and changing the environment of the existing competition to attain dramatic value perfection for clients and the company as a whole.
Chatterjee, S., et al. (2015). Strategic relevance of organizational virtues enabled by information technology in organizational innovation. Journal of Management Information Systems, 32(3): 158-196
In this study, Chatterjee and colleagues (2015) argue that information technology can help to create ethical firms which have virtues aspects and such firms are in a better position to innovate in the modern dynamic market. Drawing on the teachings of Aristotle, the authors point out that a firm’s core IT resources has an impact on its improvisations abilities and innovation. While noting various studies, the authors also note the importance of innovation on business performance and sustainability of a competitive advantage. In this context, they note that
Whilst this particular study focus more on the role of information technology in enhancing innovation in modern business, it also recognizes the role of strategic management in organizing a firm’s resources and motivating employees to be creative. More importantly, the authors notes that the strategic relevance of virtues helps in improving the capability to counter other capabilities in a business organizations. Such capabilities include but are not limited to the ability of a firm to offset stress and to react to challenging or unexpected situations (Chatterjee, et...