Management has become a critical aspect of establishing successful firms leading to the formation of various management roles, styles and approaches over the centuries. The 21st century has seen a tremendous transformation in the field of management, marked by numerous management innovations.
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Innovation management is different by introducing new management principles different from existing management principles. Further, it distinguishes the new principles of management from the firms and individuals practicing them, unlike the traditional management approach. Most important is the reflection of historical awareness of a transition of one type of management and introduction of new technology.
Denning, S. (2013). The management revolution’s growing army of rebel voices. Strategy & Leadership, 41(5), 23-33.
Venohr, B. (2012). The Power of uncommon sense management principles—the secret recipe of German Mittelstand companies. 4th Global Drucker ForumVenia 2012, November 18 and 19.