Research Summary
Research Summary
Overview
By: Goran Calic
Description
What makes some organizations more innovative than others? Innovation follows from strategy and structure. A good strategy allows individuals to impose their own imagination towards organizational goals in a coordinated way. Good structure adds incentives that encourage creativity and removes requirements that stifle personal freedom. Together, a simple strategy, strong incentives, and personal freedom make organizations innovative. A complex strategy, weak incentives, and bureaucratic requirements reduce innovation.
Keywords
Energy Generation; Renewable Energy; Entrepreneurship; Environmental Sustainability; Green Technology; Innovation Strategy; Technological Innovation; Innovation and Management; Resource Allocation; Strategy; Energy Industry; Green Technology Industry; Canada; United States; Europe; Croatia; Serbia and Montenegro