10 Rules for Managing Global Innovation

Presented By:
Fazeela Batool SP22-BSE-014
Maham SP22-BSE-024
Farina Imran SP22-BSE-012
Iqra Manzoor SP22-BSE-020
Aimen Gahni SP22-BSE-004
 Global Innovation

Global innovation can be defined:

1. Through goals that must be achieved.
2. Managers are collaborating on different sites may be in different countries so overall
goal may be reached entire project.
 Why global innovation management is required?

 Some organizations having right insight continue to waste great potential hidden.
 Many challenges faced by businesses on daily basis.
1. Start Small & Grow Rapidly
 Excellence of global innovation depends on multiple projects and sites.
 Poor collaboration and communication leads to failure.
 There's no surefire formula for instant success, For all resources to work in harmony;
Start small and grow gradually.
 Managers will have time to adapt and develop appropriate means.
 2. Stable Organization Context
 The process are likely to get complex as the company grows to international level.
 Successful companies keep on training their managers.
 Managers must consider the potential negative consequences of restructuring on global
innovation and take every precaution to protect teams from interruptions.
 Frequent meetings are held.
3. Hire Skilled Manager

 Project managers are crucial.

 Implement structures that fulfill intended goals.
 Managers should introduce new ideas.
 Identify innovation potentials in available reources.
4. Construct Training
 A strong project management team is required to drive the project on a day-to-day basis.
 If no trained often, project team and employees will take laid back mentality.
 Training should cover different aspects.
 Excellent training results in excellent results within short time.
5. Appoint a Lead Site
 Every site sees the project according to their own context That’s why all sites can’t carry
equal weight.
 Though all sites are important, one has to lead the project.
 Eyes of every stakeholder will on it to make sure that the project succeeds.
 A benchmark for other projects.
6. Reward Innovation

 Most organizations and businesses like to encourage team members to think more
creatively by rewarding innovation in this way.
 It could be:
 promoting the best thinker
 adding remuneration to the most innovative team members.
 giving a holiday to your staff.
7. Invest in Time Management

  All the set goals must be achieved within a certain time frame.

 everything must be defined up front:
 the product or service architecture, the functionality of individual modules, and
the interdependencies
8. Fair Distribution of Resources

  The resources needed depend on the particular project and the location.

 The resources may not be similar, but the distribution needs to be fair.
 Allocate Resources on the Basis of Capability, Not Availability
9. Limit the Number of Subcontractors and Partners

 One of the finest ways to encourage global creativity while handling projects or managing
resources is by restricting the number of subcontractors.
10. Don’t Rely Solely on Technology for Communication

 The successful execution of a global project remains dependent upon communication

channels
 Technology boosts innovation in projects.  But when used poorly, it will increase
challenges rather than bring solutions.
 There is need of alternative ways.
 This may include face-to-face communication, the use of hard copies, and many other
steps.
 Conclusion

 With the above information on how to promote global innovation in your projects, there is a higher
chance that you will have the best results. However, most people fail because they do not take care of the
above factors in the right way. It is crucial to be among those who succeed in global innovation.
THANK
YOU