Driving Innovation: Exploring Essential Theories in Innovation Management for Blockchain and Automation
Date: 2023-06-20
This paper explores the fundamental theories and concepts underpinning innovation management and their application to emerging technologies such as blockchain and automation technologies. It examines the theories of the Innovation Ecosystem, Organizational Culture, Open Innovation, Diffusion of Innovations, Disruptive Innovation, and Resource-Based View, highlighting their relevance in understanding the challenges and opportunities presented by such technologies.
Extracted Insights (56 total, showing top 10)
R7
It is important to note that the applicability of research findings will depend on the specific context of each organization or social change initiative. Academic research should be complemented with ...
R6
This paper explores the fundamental theories and concepts underpinning innovation management and their application to emerging technologies such as blockchain and automation technologies. It examines ...
R6
Keywords: Innovation Management, Blockchain, Automation, Innovation Ecosystem, Organisational Culture, Open Innovation, Technology Diffusion, Disruptive Innovation, Resource-Based View.
R6
Supply chain management stands out as one of the most promising applications of blockchain technology. By leveraging blockchain, companies can achieve transparency, traceability, and operational effic...
R6
Smart contracts offer great potential for automating business processes and reducing losses arising from fraud or errors. These self-executing electronic data interchange (EDI) systems incorporate con...
R6
The concept of decentralized and secure data sharing facilitated by blockchain technology can potentially revolutionize multiple industries. However, businesses must navigate the trade-offs between da...
R6
As more businesses adopt blockchain systems, the need for interoperability between these systems becomes increasingly evident. Research opportunities lie in exploring standards, protocols, and mechani...
R6
The energy consumption of blockchain technologies, particularly those employing proof-of-work consensus mechanisms like Bitcoin, has raised concerns about sustainability. Therefore, further investigat...
R6
Applying blockchain systems and automation presents exciting opportunities for improving business processes and reducing losses (Ho et al., 2022). Through research efforts focusing on supply chain man...
R6
Innovation management research highlights the potential for inclusive innovation in social change initiatives. Blockchain enables secure and decentralized data sharing, empowering individuals and comm...
+ 46 more insights