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All Journal International Journal of Application on Economics and Business
Santoso, Aloysius Budi
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Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

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PROPOSING INNOVATION MANAGEMENT MODEL IN LARGE CORPORATION Santoso, Aloysius Budi; Irawan, Agustinus Purna; Suhartanto, Eko
International Journal of Application on Economics and Business Vol. 1 No. 3 (2023): Agustus 2023
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v1i3.1565-1573

Abstract

When business enters industry 4.0 era, emerging technologies are evolving and utilized to promote business performance. This signifies disruption among companies especially in large corporations due to its stiffness and slowness in response while startups or small companies are prone to response quickly. Previous studies suggest innovation to overcome this condition so that those large corporation could still enhance its performance in this industry era. Thus, several studies of them have been considered to propose an Innovation Management Model in Large Corporation. The result shows that in order to promote business performance, there are several factors needed to be considered such as: 1) Leadership, 2) Culture, 3) Support, 4) Innovation Process and 5) Business Performance. This study offers an interesting innovation management model to achieve business performance. This model consists of prementioned five components. From the proposal, business performance in large corporations is driven by innovation process. Meanwhile, in promoting this process, those large corporations need to promote leadership and culture. This model also suggests support for accelerating the process. This finding and contribution may give an opportunity for researchers to test the model for their future research.
INNOVATION MANAGEMENT MODEL TO IMPROVE CORPORATE INNOVATION PERFORMANCE Santoso, Aloysius Budi; Irawan, Agustinus Purna; Suhartanto, Eko
International Journal of Application on Economics and Business Vol. 2 No. 1 (2024): February 2024
Publisher : Graduate Program of Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/ijaeb.v2i1.2798-2804

Abstract

Entering the industrial era 4.0, technology continues to develop and is used to improve company performance. This emphasizes the occurrence of disruption between companies which is mainly driven using this technology. Previous studies have emphasized the importance of innovation to overcome this condition. Astra Group as one of the conglomerate groups in Indonesia has understood and implemented this consistently and persistently. For this reason, the innovation management model in this group is important to be investigated further to provide understanding and scientific contributions related to innovation management in corporations. From the literature, at least three important factors were found in the management of innovation, namely 1) managerial capabilities, 2) adhocracy culture, and 3) knowledge sharing on innovation capabilities and performance in this group. The findings may contribute to an opportunity for researchers to confirm this model in future research.
Co-Authors Agustinus Purna Irawan Suhartanto, Eko