Readings: Innovation Management Strategy Agile, sharp, and capable of creative destruction—these three traits are well suited to innovation management. Creative destruction refers to the ability to mo

My work: Annotated Bibliography

Chen, D. Q., Preston, D. S., & Swink, M. (2015). How the use of big data analytics affects value creation in supply chain management. Journal of Management Information Systems, 32(4), 4–39. doi:10.1080/07421222.2015.1138364

The article has looked at the topic of big data analytics from the perspective of supply chain management. Organizations are investing heavily in technology, and that has led to the promotion and utilization of big data analytics. The supply chain is complex, and data is of the essence when it comes to evaluating it. In the modern world of business, innovations are encouraged, promoted, and used in the supply chain. The utilization of innovations and advanced technology has helped to enhance supply chain management. The article presents information that helps to build on the topic of research. The article is five years old, and that makes it a relevant piece of data as far as the year of publication is concerned.

Hawley, D. (2016). Implementing business analytics within the supply chain: Success and fault factors. Electronic Journal of Information Systems Evaluation, 19(2), 112–120.

Hawley is a researcher who has invested the connection between supply chain and innovations. According to the author, the supply chain is part and parcel of the processes of organizations. Even though suppliers might be independent, it is important to know that their dealings and ways of operations affect organizations. One of the strengths that have been demonstrated in the article is that it has looked at success factors as well as fault factors. The implementation of business analytics in the supply chain has come with advantages. It has become easier and smoother to manage the supply chain. At the same time, it has become easier to detect or predict some of the possible outcomes in the supply chain. The disadvantages are seen, especially when it comes to the accuracy of the data. When the data is inaccurate, there are high chances of failure. The article increases knowledge on factors to consider when employing innovations in the supply chain. The information presented is helpful and credible, thus making this piece of data important for this research.

Ibrahim, H. W., Zailani, S., & Tan, K. C. (2015). A content analysis of global supply chain research. Benchmarking: An International Journal, 22(7), 1429–1462. Doi: 10.1108/BIJ 04-2013-0038

The article analyzes the global supply chain. The areas that the article has paid attention to are the supply chain literature that is present, the past of the supply chain, and the trends that are evident in the supply chain. The researchers also try to uncover the gaps that exist in supply chain literature. There is a close connection between supply chain and innovations. The global supply chain has been advancing at a fast speed, and that is seen in the way technology is taking centre stage. Stakeholders in the supply chain have become more conversant with technology. Technology is becoming a tool that is helping most of the stakeholders to benchmark. Many suppliers emulate the global supply chain. In this respect, it means that if it sets a good example for other stakeholders, the entire supply chain is changed. The article has presented data that is not only relevant but also helpful in different ways. The first way that the data is helpful is that it has helped to understand the current state of the global supply chain. The article comes in as an important piece of literature that will inform the research in a big way.

Maloni, M. J., Hiatt, M. S., & Astrachan, J. H. (2017). Supply management and family business: A review and call for research. Journal of Purchasing & Supply Management, 23(2), 123–136. doi:10.1016/j.pursup.2016.12.002

Maloni, Hiatt & Astrachan (2017) are researchers who have paid attention to the issue of the supply chain from a different perspective when compared to other researchers who have focused on the same research topic. The article has concluded that there is a difference between the supply chain of organizations that are run by families and supply chain of organizations that are run by independent investors. The reason that has been given to support the claim is associated with the management of a family business. In a family business, many people are involved in the process of making decisions. Therefore, they are likely to affect supply chain management. Family organizations might be run based on the decisions that are made by family members. In some cases, they might lack professionalism, and that affects the supply chain in a big way. The article presents information that has helped to understand the supply chain from different perspectives.

Rodríguez-Ferradas, M. I., & Alfaro-Tanco, J. A. (2016). Open innovation in automotive SMEs suppliers: An opportunity for new product development. Universia Business Review, 50, 142–157. doi:10.3232/UBR.2016.V13.N2.05

Innovations are changing the world, and the supply chain is one of the areas that innovations are affecting. The article pays much attention to the automotive industry. Suppliers are adopting innovations, and that is one of the reasons why the supply chain is changing hugely. Automotive suppliers are using innovations to supply their products to different customers. Innovations have presented an opportunity for suppliers to develop new products. As a result, they have transformed the supply chain in a way like never before. Without fear of doubt, the article qualifies to be used as a source of data for this research.

References

Hawley, D. (2016). Implementing business analytics within the supply chain: Success and fault factors. Electronic Journal of Information Systems Evaluation, 19(2), 112–120.

Ibrahim, H. W., Zailani, S., & Tan, K. C. (2015). A content analysis of global supply chain research. Benchmarking: An International Journal, 22(7), 1429–1462. Doi: 10.1108/BIJ 04-2013-0038

Respond 1:

Nice job! It looks like your interest is in global supply chain and innovations occurring in this industry. As a former employee of FedEx, I was always amazed at their persistence to be ahead of the curve or in the forefront with innovations and technologies. The articles you reviewed reminded me of this and the importance of both.

For all to answer:

In addition, the post reminded me of some attributes as stated in the article by Ringel, Taylor, and Zablit (2016). According to The Boston Consulting Group’s global survey innovation ranked as one of the top priorities and their research also indicated four attributes that are critical to robust innovation strategy: emphasis on speed, application of technological platforms, efficient and lean R&D processes, and systematic exploration of adjacent growth markets and opportunities. What are some examples of these attributes, as provided in this article, by any of the top 50 most innovative companies, or that you have experienced?

Reference:

Ringel, M., Taylor, A., & Zablit, H. (2016). The world's most innovative companies: 4 things that differentiate them.

Respond 2:

This week I wanted to share my favorite innovation author, Clayton Christensen, with you. His name probably sounds familiar to most of you, as several of the articles in this course, as well as in other courses were written by him or in collaboration with him. In addition to his academic and professional career, he was a man who cared about “fundamental humanity, compassion, and humility”. He life was cut short at the age of 67 when he passed away on Jan. 23, 2020 from cancer. For those of you that don’t recognize his name, he was an inspiration to innovators, scholars, and researchers throughout the world. As a Professor of Business Administration at Harvard Business School he taught and wrote about strategy and innovation, theories, and disruptive innovation. Per my understanding of Clayton, known as Clay by his students and colleagues, he was a person that wanted to avoid conflict. He met criticism with kindness, faced challenges with opportunities, and interacted with people to inspire and praise them. He spent most of his time doing this and thought he had the best job. He thought he learned more from his students than they learned from him.

I didn’t know Clay personally; however, his work influenced me enough to follow him during my scholar-practitioner work in academia. Clay’s work on strategies and innovation, including disruptive innovation, is powerful; however, it is his article, on How Will You Measure Your Life?, that really captured my attention. In this article he discussed how we might default to measuring out lives with statistics, such as with #’ of awards we received, $’s we earn throughout our career, or the % of promotions we obtained. However, as explained by Clay, what should matter in life, as he learned later in life, are the individuals, whom you are able to help, one by one, to become better people.

In the class he taught on humility at Harvard, he asked his students to describe the humblest person they know. The one characteristic that stood out was that they have a high level of self-esteem. These individuals knew and felt good about who they were. In his class, Clay and his students also decided that humility was defined not by self-deprecating behavior or attitudes, but by the esteem with which you regard others. They discussed how good behavior flows naturally from this kind of humility. With this in mind, what are your thoughts to the most important characteristic(s) of a humble person? Do you agree with Clay and his students that self-esteem is the most critical characteristic? Do you agree with their points on esteem, as it pertains to humility?

Clay thought that it was vital to take a sense of humility into the world. For example, when you make it to the highest level of academic achievement or reach the highest level of career achievement, almost all your learning comes from people (e.g. teacher, bosses, parents, coaches, etc.) who were smarter and more experienced than you; however, once you finish school or reach the highest C-level in your career, most people you interact with daily will not be smarter than you. Therefore, if your attitude is that you will learn from only smarter people, your learning opportunities will be not be maximized. However, if you are willing to humbly learn from everyone, learning will be limitless. Being humble is about feeling good about yourself and having the self- esteem to want to help those around you feel good about themselves, too. When we see other people putting someone else down or acting in demeaning manner toward others; typically, this behavior is an indication that this person lacks self-esteem or does not feel good about themselves.

As I continue my work, as an instructor, and as a scholar-practitioner, I will do my best not only to share Clay’s incredible work on strategies and innovation, theories, and disruptive innovation, but more importantly, to share his story and apply the concept of humility. His wonderful legacy will continue to enrich and inspire all of us, particularly, understanding the metrics that matter in measuring life is to help individuals whose self-esteem needs to be strengthened. Clay will be missed, but his work, and his greatest legacy and learning lesson on ‘humility’ will live on. Please feel free to share your thoughts, materials, and/or what you have learned from Clayton Christensen.

Reference

Christensen, C. (2010). How will you measure your life?: Don’t save your best business thinking for your career,

Harvard Business Review. Retrieved from: https://hbr.org/2010/07/how-will-you-measure-your-life