Managing Innovation: An Empirical study of innovation and Change in Public and Private Companies

Abstract

The purpose of this research was to study the impact of innovation and change in public and private companies and its relationship to the overall net income or losses in the respective companies. The research describes and explains the relationship between managers/leaders and how innovation and change is perceived in these companies by the key employees'. The factors that will be considered in this study are the behavioral aspects of employees' perception of innovation, and their ability to accept change in their respective daily functions. Results for Hypothesis 1 for all companies based on the surveyed results demonstrate that under favorable economic conditions companies with good leadership easily implement innovation and have favorable bottom line. Hypothesis 2 for all companies also demonstrates that under favorable economic conditions employees that are open to Innovation and Change in Public and Private Companies directly translates to a favorable bottom line.