Current Issue : January - March Volume : 2020 Issue Number : 1 Articles : 5 Articles
The role of rewards in promoting innovation has received considerable attention\nin both theory and practice. The fact that rewards have a positive impact\non promoting innovation is well established. However, this relationship is\ncomplex since different types of rewards are suited for various kinds and\nstages of innovation. Further, an alternate view undermines the role of rewards\nin promoting innovation. Through an exhaustive literature review, this\nstudy illustrates the complex relationship between rewards and innovation as\nwell as the role of rewards in promoting innovation. This analysis throws\nlight on the utility of various rewarding practices in promoting innovation.\nThus, understanding the complexities of rewards systems for engaging talents\nin processes of creativity and innovation reflects the needs to design rewards\nsystems, which strategically and ethically fits any organizational entity. Hence,\nboth theorists and practitioners need a more holistic approach in designing a\ndynamic rewards system that encompasses issues of role, timing and magnitude\nof the rewards in order to drive innovation....
Using business process reengineering (BPR) to effectively implement new\nstrategic initiatives and integrate new technology can radically upgrade organizations\n(Dachyar, Yadrifil & Pratama, 2015). The following literature review\ncompares empirical studies from eight different countries (including the\nUnited States) to identify global commonalities and differences of Business\nProcess Reengineering (BPR) practices and the Integration of technology in\nthe areas of research interest, critical success factors, and failure factors and\nrecommendations. Information gathered is synthesized using a cross-cultural\ncomparison with the eight evaluated countries divided by continent. To ensure\ncomplete understanding, term definitions and an explanation of the topicâ??s\nimportance are included. In addition, a brief description of each studyâ??s\nmethodology is described in the section on research interest, and comparison\nfindings are discussed at the end. (Key terms are provided that they are after\nthe references.)...
Strategic planning is a procedure that is supposed to define organizational development\nthrough the identification of strategic goals. Models can help in understanding the business\ntechnology and in creation of formal specifications of the functionality, structure and\nbehavior of real system appearances. By giving the entities in the model numerical values,\npossible improvements can be simulated, measured and evaluated according to the\nmeasurements, and then use for managing the organization. The issue on this approach is that\nthe results that are gotten from the model measurements can be compared to the real values\nthat the model results represent only after they are already accomplished. In this paper the use\nof reverse measurement is being introduced as a tool for evaluating management methods, in\norder to ensure the usability of a method prior to its application for managing the\norganization....
Despite its popularity as a strategy to accelerate innovations there is evidence\nthat open innovation does not always increase innovation performance. Extant\nliterature provides inconsistent and inconclusive arguments in respect of\nthe relationship between open innovation practices and innovation performance.\nExisting theories mostly have an internal focus and fall short of explaining\nwhy some firms succeed in open innovation initiatives and why others\nfail. Open innovation is about knowledge flows. We argue that boundary\nconditions matter in innovation performance and sequential coherence can\nexplain why some succeed while others fail in open innovation. A qualitative\ninquiry we made reveals that sequential coherence that facilitates the knowledge\ntransfer at boundary level influences innovation performance in open\ninnovation initiatives. Sequential coherence is measured through the push\nand the pull effects by willingness and ability of the participants of teacher\nfirm and the preparedness and ability of the participants from the student\nfirm respectively. We trust that our findings bridge a gap in open innovation\nliterature. These initial findings could be generalized through a quantitative\nstudy with larger samples. Managerial implications of the finding is that ability\nto scan the entire chain of knowledge flow across boundaries and taking\ncorrective measures for any bottlenecks or hindrances observed can bring\nbetter results from open innovation initiatives. Further, sequential coherence\nleads to multiple research opportunities in furthering our knowledge in open\ninnovation....
This paper aims to explore the perception of micro-entrepreneurs towards the adoption of\nequity-based financing models in Malaysia. The investigation has covered the following\ncharacteristics of equity-based financing such as fairness, partnership, risk sharing, business\nsize, and MFI. The current micro-financial products in Malaysia are focusing more on\ndebt-based financing, which is holistically increasing the financial risk level of entrepreneurs\nin the case of defaults. There is a dire need to identify the relevancy and viability of\nequity-based financing in Malaysia, it will ultimately reduce the financial risks of\nentrepreneurs in case of default. The Islamic financial concept offers a solution to this\nproblem, Musharakah and Mudarabah are among the other Islamic products that offer\nequity-based micro-financing to entrepreneurs. However, its practical implementation is still\nvague. In relation to this, the study adopts a cross-sectional study with a sample size of 700\nmicro-entrepreneurs from the state of Selangor Malaysia. The results of this study found that\nmicro-entrepreneurs tend to register a positive perception of the characteristics of\nequity-based financing and risk-sharing score as the highest factor towards the adoption of\nthe proposed equity-based PLS model in Malaysia....
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