EUROPEAN ACADEMY OF MANAGEMENT CONFERENCE NORWEGIAN SCHOOL OF MANAGEMENT 17-20 MAY, 2006 OSLO NORWAY “Energizing European Management: Empowering and Revitalizing Management Theory and Practice” INNOVATION GENERAL TRACK PROPOSAL Name: Dr Milé Terziovski, Assoc. Professor of Innovation and Entrepreneurship Director, Centre for Global Innovation Management, Faculty of Economics and Commerce, The University of Melbourne, e.mail: milet@unimelb.edu.au; T: 61 3 83447868; F: 61 3 83443714 Research Field: Innovation, Entrepreneurship and Quality Management Key words: innovation, entrepreneurship, performance, competitiveness, commercialisation Track Title: Innovation and Entrepreneurship Theme: Energizing Management through Innovation and Entrepreneurship Research and Practice Idea and Vision for the track in relation to my research field The pressures to create innovative organisations have intensified as global competition, shorter product life cycles and increasingly demanding customers are having a significant impact on organisations. Entrepreneurship has emerged as a significant imperative in the innovation process. Entrepreneurship refers to activities that create new resource combinations to make innovation possible. The key question that we must address in the Innovation track is: How to energize management through innovation and entrepreneurial research and practice? This fits in the broad theme of the conference “to rebuild Europe’s competitive standing in an era of technology-based innovation..” The track relates particularly well to my research field. For example, my research focus for the past decade has been primarily in quality, innovation and entrepreneurship in Large and Small to Medium Enterprises (SMEs). My research has been recognized at the highest level by receiving a Best International Paper nomination at the Academy of Management. I have published in the prestigious Journal of Operations Management and won a best paper award based on my PhD thesis. I have also chaired two successful international research conferences on Quality, Innovation and Knowledge Management at The Melbourne Business School, The University of Melbourne. My research in innovation has involved several leading universities in Europe and Australia under the Fourth, Fifth and Sixth EC Framework programs, primarily involving the development and application of methodologies for process innovation in SMEs. How the Track relates to Current Issues in the field? As organizations have downsized and worked on cost reduction for many decades now, and similarly improved their quality and service, they have generally achieved efficiency and process stability outcomes. The next battlefield that will drive the international competitiveness and business outcomes of firms is creating innovative and entrepreneurial cultures. Managers must reframe their short-term thinking and focus on creating the future. In order to achieve this outcome there needs to be a paradigm shift to innovation policy and practice in organizations of all sizes. The best way to contribute to a paradigm shift and achieve and maintain the desired outcome is to adopt a multidisciplinary approach to research in innovation and entrepreneurship that addresses the full spectrum of issues and solutions ranging from systemic issues and solutions through to enterprise specific solutions. How the Innovation Track will make a contribution to future directions in the field? The track will make a significant contribution to future directions in the field through interdisciplinary studies that will collectively provide significant new knowledge to the existing research knowledge base and to practitioners in the field of innovation and its management. Most previous studies have focussed on only one aspect of innovation, perhaps reflecting the specialised nature of these past researchers, the proposed track will invite the development and testing of new theory in the field of innovation management and entrepreneurship, that leads to new conclusions of general value and practical insights for executives wishing to improve the innovation outcomes of their firms. The proposed track will also provide an in-depth understanding of key variables that play a significant role at the various stages of the innovation process, leading to successful commercialisation of products and services. Papers addressing the following topics will be invited: Organisational enablers of Innovation and Entrepreneurship. How to create an innovation and entrepreneurial culture in an organization. The relationship between quality management and innovation How firms can innovate faster and better. The relationship between management practices and innovation performance Critical factors in determining the appropriateness of collaboration. Critical success factors for effective commercialisation of products and services. Lessons from international best practice innovative organisations. The relationship between national, regional, and enterprise based innovation systems The impact of regional clustering upon innovation performance The role of technological capabilities in the innovation process. Can incremental and radical innovation co exist? How to Stimulate Innovation in Large Companies compared to Small to Medium Enterprises (SMEs)? Conceptual frameworks for assessing and auditing the innovative capabilities of a business organisation. The impact of effective management of innovation and entrepreneurship on organisational performance. What is the role of Creativity in the innovation process? Service innovations and winning business models The role of Leadership in developing this softer side of innovation management