Management innovation is a process by which an idea or invention is translated into a product or service for which people will pay or something that results from this process. To be called a management innovation, an idea must be replicable economically and satisfy a specific need. Management innovation involves deliberate application of information, imagination, and initiative in deriving greater or different value from resources and encompasses all processes by which new ideas are generated and converted into useful products. This e-learning course will be a platform for SMEs to learn and share the latest trends in and information on management innovation to enhance their competitiveness in local and global markets.
To provide an understanding of the concept of management innovation in SMEs for enhancing productivity including technology-driven innovation; and learn about and share strategies for successful application of management innovation in SMEs.