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2 pages/β‰ˆ550 words
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Style:
APA
Subject:
Mathematics & Economics
Type:
Essay
Language:
English (U.S.)
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Topic:

Governance and Innovation Initiatives. Why organizations innovate?

Essay Instructions:

Based on your readings, explain the concept of good Governance, in the context of Innovation initiatives; and, secondly, outline five lessons, you have gained from the readings. Cite empirical evidence of your facts, where possible.

Readings: Chapter 8: Atkinson, Robert D. and Ezell, Stephen J., “Innovation Economics: The Race for Global Advantage”, New Haven: Yale University Press. 2012https://www(dot)researchgate(dot)net/publication/320288313_Introducing_an_Integrated_Innovation_Governance_Framework_I2GFessay should meet the requirements below: Logic Linkages: Issue Selection; Recommendation(s); Rationale
SubJect Knowledge, Understanding of the issue(s)
Analysis, Reasoning, Supportive Information, Evidence, Examples
Complete, Accurate Evidence-based Information
Tempo/Flow; Grammar, Footnotes and Bibliography
Can also follow this structure (not mandatory):ISSUE: One sentence – “The issue…..”RECOMMENDATION(s): “That…… NOT a  “why”….just the recommended directionRATIONALE: answers the ‘why” and supported from your choice of OPTIONS, belowBACKGROUND: answers the question, ‘How did this issue come about?” one or two short paragraphsCONSIDERATIONS: Answers the questions, “What were the factors, in the context of the issue, that you had to be mindful of in making your recommendations, and what are their implications? “In examining this issue, the key considerations have been the following:• That the current …• The effects of …OPTIONS; what are the options in resolving the issue, as stated, and what are the pros and cons of each?“Given the limited budget…”  “Given the need to co-ordinate with…’  “Given the limited budget…”, the following options are available:

Essay Sample Content Preview:

Governance and Innovation Initiatives
Institutional Affiliation
Students Name
Course
Date
Governance and Innovation Initiatives
Innovation can be defined as the practice of generating novel ideas, methods or fresh products within an institution. The main reason as to why organizations innovate is making profits and to gain the ultimate competitive in the market. Innovation can be a destabilizing power which translates into value. Recently, large financial organizations have established and also practiced the implementation of innovations with the aim of competing favorably in the fast changing global economics. Many consumers have now being able to use the digital channels in handling all of their finances and discard the traditional banking methods (Atkinson, Robert, & Ezell, 2012). The financial institutions are thus needed to apply a holistic, formal approach to innovate so as to keep up and also remain to be relevant. It is evident that despite the availability and application of good governance frameworks, the success rate of all the innovations tend to remain low. The Integrated Innovation Governance Framework (12GF). The model is an integrated approach that is applied by the organizations in delivering innovations. The model ensures that there is appropriate application of governance whenever it is needed. From the leading I have learnt the following concepts;
Despite most organization having to adopt the holistic, formal innovation systems, the large organizations are usually dissatisfied with the return on innovations. More need to be done so as to ensure that organizations are able to maximize the returns on the innovations and their profits remains sustainable. Innovations within an organization will help in dealing w...
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