Project Management and Innovation Past and Future

Project Management and Innovation: Past and Future Nikunj M. Prajapati Sardar Patel Institute of Technology Gujarat Technological University, Gujarat, India nmprajapati@spitcp.ac.in ABSTRACT Originally developed a way back, in the mid-20th century, project management has become a distinctive way to manage business activities nowadays. Another important development is almost virtually universal recognition of the role of innovation and technology in the corporate change, growth and profitability. It is unsurprising that development of innovation is often run as a project. Yet, theoretically both project management and innovation studies have evolved over time as distinctively separate disciplines. In this paper we make an attempt†¦show more content†¦The PWE focuses on the intrinsic value of work. Prior to the protestant reformation most people saw work either as a necessary evil, or as a means to an end. For Protestants, serving God included participating in and working hard at worldly activities as this was part of God’s purpose for each individual. From the perspective of the evolution of modern project management, these ideas were incorporated into two key philosophies, Liberalism and Newtonianism. Liberalism included the ideas of capitalism (Adam Smith), the division of labour, and that an industrious lifestyle would lead to wealthy societies Newton saw the world as a harmonious mechanism controlled by a ‘universal law’. Applying scientific observations to parts of the whole would allow understanding and insights to occur and eventually a complete understanding. LITERATURE REVIEW In this paper we seek to establish bridges between two distinctive disciplines – project management and innovation management (innovation studies). Despite seemingly interrelated nature of both subjects, these two research domains have been developing relatively isolated from each other. Innovation Studies Innovation studies are rooted in the seminal writing of Joseph Schumpeter in the 1920s-1930s (e.g. Schumpeter, 1934), whose ideas started to gain popularity in the 1960s, as the general interest among policymakers and scholars in technological change, RD and innovation increased. The field formed as a distinctiveShow MoreRelated Use of Project Management Software in Business Essay1222 Words   |  5 PagesUse of Project Management Software in Business Project Management is using the concepts of information technology in businesses to meet the requirements of a particular project. It depends on the process it needs to take to implement a project. The application of knowledge, skills, and tools and techniques is needed (http://www.asp.org/infoglossary/p). There are 3 main phases of project management, they are planning, scheduling and controlling. How the process is implemented is through differentRead MoreThe Construction Industry Of India Essay1649 Words   |  7 Pagesthe world GDP. This industry is such that, it generates a huge amount of employment that amounts to 7% of the total work force around the world. Innovation and continuous development in construction industry of every nation is very necessary for the growth and development of a nation. It creates opportunity for development within the industry. Innovation in a construction industry of every nation can be brought in by following the various international trends (developments in the field of constructionRead MoreHarley Davidson s Strategic Global Marketing1507 Words   |  7 Pagesheavyweight motorcycle market with great success. As a result, the future outlook of Harley-Davidson was not bright and many did not believe that the company would be standing at the end of the 1970’s. Over the course of the years, Harley-Davidson executives have done an excellent job keeping the Harley-Davidson image alive and profitable. However, the future of the company and market are unknown, and the management team must strategize a future plan in order to sustain the market changes. (Peter, 2013)Read MoreDesign Thinking And Project Manag ement866 Words   |  4 PagesDesign Thinking and Project Management Manage product teams which is incorporated usability and design methodologies into the design The business world is rapidly changing where design is changing. Design thinking works is not just visual design. Introduction to the design and project management Design thinking is enormously increasing in the organizations. Most leading organizations like Apple, Coca-Cola, IBM, GE, Nike are helping the project managers to build strong knowledge on design, thinkingRead MoreThe Innovative Process Of Innovation Essay977 Words   |  4 PagesThe Innovative process Important lesson learned from innovative process The innovation process is similar to evolutionary process. It is dynamically a process of improvement and adaptation that gives the organization ability to survive in a business environment and thrive. A good innovation process is proactive and not reactive and can have all or some of five elements; 1. Recognition or identification of a problem or opportunity that can be pursued. This is in terms of human aid provision. 2. InventingRead MoreEssay about Project Planning and Control Methods1441 Words   |  6 PagesProject Planning and Control Methods Project planning and control methods came to be in the 1980s with the introduction of microcomputer software. In the 1990s project management was accepted into the mainstream business as a means for developing new products and services. In the 20th century project management appears to be the solution to many of the challenges confronting global business enterprises (Gray, C. Larson, E., 2003). Trends such as the globalization of business operationsRead MoreReview of Moon Shots for Management Case Study1205 Words   |  5 PagesMoon Shots for Management by Gary Hamel Summary: Most of the fundamental breakthroughs in management (work flow design, annual budgeting, project management etc.) occurred in the early twentieth century by people like Frederick Taylor and Henry Ford. They had to solve the problems of efficiency and scale, and their solution was bureaucracy, with its hierarchical structure, cascading goals, precise role definitions, elaborate rules and procedures. Managers today face a new set of problemsRead MoreThe Role Of Governments Play An Important Role Of Business Innovation1296 Words   |  6 Pages ‘Governments play an important role in business innovation.’ Discuss in relation to two sectors. Introduction It is a common notion that it is primarily the private sector that drives innovation and economic growth, while the government, at best, plays only organization role in ‘fixing market failures’. Under this myth lies a different story, where some of the best advanced economies in the world have been shaped directly by government ¬ led investments. By not being capable to recognize the governmentRead MoreEnvironmental Sustainability At The World, Massachusetts Institute Of Technology Essay1379 Words   |  6 PagesIntroduction Environmental sustainability is a subject that has seen an exponential rise in its importance and influence since the past few decades. Since 1970, when this topic started gaining wide attention, several organizations and leaderships have been established that promote environmental sustainability. These organizations and leaders have been set up on an international, national and even at a local level. Today, businesses and institutions, whether global or local, have initiatives andRead MoreProject Management And Emotional Intelligence808 Words   |  4 PagesIntegrative Statement Project Management and Emotional Intelligence is a paradigm that when applied to the process of management implies that these milestones are predictable. When in reality, and based on the number of players and phases create an environment that the plan may experience variabilities within the acceleration or deceleration of the designed program of the project charter. The emergence of these variabilities leads to uncertainty of the project and chaotic conditions. Structural