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2024 | OriginalPaper | Chapter

22. Managing Management

Management by Opportunity: The Practice for Institutionalizing Innovation

Author : Raphael H Cohen

Published in: Pre-Project Excellence

Publisher: Springer Nature Switzerland

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Abstract

Both ISO 56007 and ISO 56002 provide a summary of the parameters that contribute to innovation within an organization, including culture, leadership, and other enablers. With the understanding that innovation is crucial for organizational growth and survival, and that the challenge lies in stimulating innovation without wasting resources or losing focus, this chapter introduces the concept of Management by Opportunity (MbOp) as a practice that focuses on identifying and implementing implementable innovation that delivers value to the organization. The four components of MbOp for fostering innovation are: genuine commitment by senior management, employees’ motivation to innovate, an environment that supports intrapreneurship, and finally the provision of easy-to-use innovation enablers, such as the IpOp Model and intrapreneurship education. It concludes by discussing the benefits of MbOp, including increased job satisfaction, motivation, and measurable results.

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Footnotes
3
See the 5P formula for emPowerment below.
 
4
What is in it for Me.
 
5
See Chap. 13.
 
6
See Benefits of Management by Opportunity below.
 
7
“Catalog training” represents the offering of training sessions available in a large organization to people who wish to acquire certain skills. They can pick and choose items from the catalog of courses but there is usually no link between the different training sessions that do not belong to one structured curriculum. The participants must then make on their own the potential connections between the various skills acquired.
 
9
Nestlé, Bühler, Microsoft, banks, industrial companies and even non-profit organizations (including several hospitals).
 
10
Inspired by the 3P’s of Transactional Analysis: Permission + Protection = Power.
 
Metadata
Title
Managing Management
Author
Raphael H Cohen
Copyright Year
2024
DOI
https://doi.org/10.1007/978-3-031-61774-4_22

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