Innovation: A Strategy for Survival of Educational Organizations

Innovation is the foundation of a successful business, Applegate and Harreld (2009). They argue that entrepreneurs can be found and a culture of entrepreneurship can be developed in organizations of any size and age. Emerging opportunities must be nurtured and the transition to high growth must be managed. Once breakthrough innovations catch hold, growth must be funded and managed to exploit the full value of the opportunity. Different organizational structures, cultures, governance and risk management systems, and leadership styles are needed to manage the business innovation lifecycle from an initial idea to a sustainable business. Education therefore can play this critical role. The overall aim is to explore how educational organizations themselves should understand and prioritize innovation. This article has been designed to advance our understanding of the gap between words and deeds regarding innovation.