Running Head: MANAGEMENT OF INNOVATION PROJECTSManagement of Innovation ProjectsNameCourseTutorDate1MANAGEMENT OF INNOVATION PROJECTS2IntroductionLewis & Acolatse (N.d) purport that innovation is best executed when approachedfrom an organization-wide initiative instead of the R&D function alone. However, Fuji Filmsupports its various innovation projects in numerous ways such as hiring for change, creatinga culture of innovation and rewarding and training for the same. For instance, it incorporatesthe bottom-up approach of innovation where scaling depends on distinct factors and not thetechnologys complexity and the size of the final products or outcomes. From their roots ofbeing manufacturers of photographic films, the venture has ultimately pursued innovation ina wide range of fields all the way to medical systems from the first endeavors of imaging(Innovation History | Fujifilm Global, 2017).The venture does not limit itself to a single quadrant. Lewis & Acolatse (N.d)articulate that innovation primarily entails the ability to combine various aspects andconsequently come up with a superior innovation portfolio. The entity successfullydiversified its endeavors from the initial imaging goals to a wider scope of medical systemsby redefining its mission statement and other corporate values. Thus, they arrived at acommitment towards the creation of superior healthcare experiences for both their clients aswell as their patients.Hiring PolicyIn ...
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