Essay About Strategic Management Annotated Bibliography                                                                     Mgt And Future Research

Mgt/411 Innovation and Strategic Management Annotated Bibliography
Innovation and Strategic Management Annotated Bibliography                                                                     MGT/411                                                               Beverly Clarkson                                                                Snuffing Huang                                                                 March 7, 2016                                                                           Article One:                             Innovation and Strategic Management Annotated Bibliography Keupp, Marcus Matthias; Palmie, Maximillian; Gassmann, Oliver (2012) The strategic Management of Innovation: A Systematic Review and Path for Future Research, International Journal of Management Reviews; 12/2012, Vol. 14, Issue 4, pp.367-390. Retrieved from ProQuest            This article emphasize the importance of innovation of a firm’s performance and competitive advantage.  Current knowledge about strategic management and innovation is theoretical conflicting predictions. There are gaps and inconsistencies in the strategies. Reviewing over 342 articles on strategic management of innovation that has been published in over seven journals to combine different quantitative methods of -co-word analysis, clutter analysis and frequency analysis. With the basis of the analysis it is suggested for future research, which could help for future development and provide relevant material for policies in decisions for managers and top executives to make when they manage innovation. When a company uses competitiveness in their innovation, it can increase the edge they have on their competitors. This would be strategic management in the innovation process of the business. This could set the path for the future of the innovation process of the company                                                                     Article Two:Sánchez, A., Lago, A., Ferras, X., & Ribera, J. (2011) Innovation Management Practices, Strategic Adaptation, and Business Results: Evidence from the Electronics Industry. Journal of Technology Management & innovation; 2011, Volume 6, Issue 2, p. 14-39. Retrieved from Ebscohost       In this study it will evaluate the relationship of new ideas, a guideline and benefits a company would have. In this article the writers shows how the different practices on innovation management relates to mid – and long- term profitability and growth.  Agencies invest relevant budgets to foster innovation for small and medium enterprises. By doing so it help to improve their innovation practices and make them more competitive. Over a period of time, it is not clear how it will impact the practices of the company’s performance. The authors proposed a model to help audit and classify innovation practices to test the impact of innovation practices on a firm’s long-term financial performance. By using a sample of a company’s electronics sector they would be able to do an analysis of how it would impact the company. With the empirical results it will show the regions of companies that are similar by size, their position within the value chain, and ownership structure that follow similar innovation process. The systematic approach for innovation also leads the company to a path of revenue growth, but however it may not lead them to an increase profit or productivity. The ability to innovate is one of the key success of business performance and survival.