What is a managerial innovation?
◦ New forms of strategy, structure, human resource systems, and managerial practices that result in new products and services
◦ New forms of strategy, structure, human resource systems, and managerial practices that improve the way products and services are designed
◦ An innovation designed to develop the managers in an organization
◦ An innovation developed by the management of an organization
◦ New forms of strategy, structure, human resource systems, and managerial practices that facilitate organizational change and adaptation