Project Management and Innovation Essay
It has been asserted by researchers that the knowledge and skills possessed by a company`s employees, contribute substantially to the organization`s capacity to innovate. Stewart (1997) sustains this view affirming that: “human capital is the capabilities of individuals who are the source of innovation and renewal within companies”. Egbu (2004) explores the factors that lead to innovation in relation to the managerial understanding of developing the human capital and integrating those ideas in the organizational strategies. In the study of four innovative construction organizations, it was noted that these organizations have similar characteristics that contribute towards …show more content…
Although the complex construction projects have time, quality and cost as priorities, often neglecting the potential of innovation and value creation, a paradigm shift can be introduced within organizations. (Rezgui et al., 2010).
Innovation in the construction industry is the difference-maker nowdays; especially that competition has become fiercer than ever as the result of