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Management Challenges in Different Types of African FirmsStrategic Innovation Management of Small and Medium-Sized Manufacturing Companies in Rwanda

Management Challenges in Different Types of African Firms: Strategic Innovation Management of... [This chapter has two objectives: first, to investigate the basic strategies for innovation in Rwandan SMEs, and second, to create awareness about the necessity of strategic innovationsStrategic innovation in the daily managementManagement of SMEs in the country. The chapter starts by defining the concept of strategic innovation and discusses some tactics used by SMEs for the successful implementation of strategic innovations, that is, how they cultivate a style of organizational behavior that is comfortable with new ideas, changesChange, risksRisk, and even failures. A purposeful technique is used to select a sample of 40 people in seven manufacturing SMEs for interviews to see how strategic innovationsStrategic innovation were implemented through transmission of SMEs’ vision and strategic targets to employees, tolerance of risks,Risk mistakes and failures, degree of decision making by operational staff members, and attention to the future through transparency and truth. This chapter also gives a set of practical implications and suggestions on how to increase the cultureCulture of innovation.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Management Challenges in Different Types of African FirmsStrategic Innovation Management of Small and Medium-Sized Manufacturing Companies in Rwanda

Part of the Frontiers in African Business Research Book Series
Editors: Achtenhagen, Leona; Brundin, Ethel
Kazinguvu, Ngweshi
Management Challenges in Different Types of African Firms — May 20, 2017
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Publisher
Springer Singapore
Copyright
© Springer Nature Singapore Pte Ltd. 2017
ISBN
978-981-10-4535-6
Pages
149 –162
DOI
10.1007/978-981-10-4536-3_9
Publisher site
See Chapter on Publisher Site

Abstract

[This chapter has two objectives: first, to investigate the basic strategies for innovation in Rwandan SMEs, and second, to create awareness about the necessity of strategic innovationsStrategic innovation in the daily managementManagement of SMEs in the country. The chapter starts by defining the concept of strategic innovation and discusses some tactics used by SMEs for the successful implementation of strategic innovations, that is, how they cultivate a style of organizational behavior that is comfortable with new ideas, changesChange, risksRisk, and even failures. A purposeful technique is used to select a sample of 40 people in seven manufacturing SMEs for interviews to see how strategic innovationsStrategic innovation were implemented through transmission of SMEs’ vision and strategic targets to employees, tolerance of risks,Risk mistakes and failures, degree of decision making by operational staff members, and attention to the future through transparency and truth. This chapter also gives a set of practical implications and suggestions on how to increase the cultureCulture of innovation.]

Published: May 20, 2017

Keywords: Strategic innovation; Management; Culture; Change; Risk; Failure; O21; O30; O31; M10; M14

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