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INNOVATION IN PROJECT-BASED FIRMS
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation.
2012 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesisAlternative title
INNOVATION IN PROJECT-BASED FIRMS (English)
Abstract [en]

The concept of Innovation in the new economy based on knowledge is undeniable. Innovation is  regarded  today  as  the most  important  parameter for  growth, both in national and business level, since it tends to become a top priority in all national policies. The differences in competitiveness and the observation of per capita income per national  economy can  be attributed  in  a sense to  many levels  of  innovative activities and development. Innovation can be defined as "the use of knowledge to produce and deliver new products or services that consumers want". Innovation can refer to a new product or a new service in production patterns or to the technology used, as  well  as  to  an  administrative  procedure  or  an  organizational  structure (internally        or externally        in relation        to their clients        or suppliers). An innovative action may be radical or gradual (depending on the change rate in existing functions of a business).

This paper analyses the innovation in project-based firms; whether or not project- based firms provide a context supportive of innovation and what is their motivation to be innovative.

Project-based  firms  differ  from  the  non-project-based  firms  in  the  organizational structure.  The  former  generate  results  in  response  to  specific  client  demands  by structuring  projects  around  temporary  assemblies  of  in-house  specialist  staff  and executing  business  within  a  fixed  time  limit.  In  today‟s  environment,  where  the markets and technologies are rapidly changing, companies seek for a flat and more flexible structure and this is the reason why many companies are discussing a move away from the mass-production, mass-consumption business model that thrived in the 20th century and prefer a project-based organizational structure. Project-based firms can operate in many industries such as construction, IT, communication, consulting and professional services etc.

Given  the  thrive  of  the  project-based  structure  in  firms  and  the  importance  of creativity and innovation in our days in order to be competitive in the market, the interaction of those two  has to be discussed.

Place, publisher, year, edition, pages
2012. , 30 p.
Keyword [en]
Innovation Management, Motivation, Process, Project-based firms, Non-project-
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-143942OAI: oai:DiVA.org:kth-143942DiVA: diva2:710037
Supervisors
Examiners
Available from: 2014-04-16 Created: 2014-04-03 Last updated: 2014-04-16Bibliographically approved

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CiteExportLink to record
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Citation style
  • apa
  • harvard1
  • ieee
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  • vancouver
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More styles
Language
  • de-DE
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  • Other locale
More languages
Output format
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