What are Innovation management critical success factors Research Paper

What are Innovation centering critical success factors - Research Paper ExampleBreakthroughs rarely survive without a intemperate and working decision devising model. This model should differ with the model used in incremental innovation (Soni, 2009). It has become increasingly clear that aged models rarely work (Trott, 2005). Technology dependent decision making systems start the weakness of failing to engage the vital stakeholders. Automation in decision making causes consensus to be hard to obtain (Aledda, 2010). Therefore, a health decision making system seldom works without a champion who can engage teams and deposit decisions to enhance mutual progress.Successful organizations that are known to drive innovation in their projects have a blind commitment to the consumer tastes and preferences (Aledda, 2010). They are known to have a slave like dedication to the concerns of the consumers. Innovation management demands that uplifted quality marketing plans and action to be t aken with an aim have a higher rate of success with it come to consumer response (Albers, 2004). Market studies show that such products are blessed with double success rates and over 70 per cent high share in the market than those with poor marketing strategies (Palthe, 2006). Therefore, marketing has a place in the management of innovation (Afuah, 2003). A strong customer focus and marketing orientation is noticeably lacking in the modern business conduct what new products launch. Delivering a differentiated product with unmatched customer benefit with a strong appeal to clients is one of the success factors in innovation. Superior products have a significant influence in the management of innovation (Morel & Hosni, 2005). It is said to meet customer need in a better way compared to ordinary non competitive products.Superior products have a high success rate and stronger appeal to customers unlike products that lack this ingredient. Not many firms can point to the facets of the ne w products that show uniqueness of their new products