THE DOMINANT PATTERNS OF INNOVATIVE BEHAVIOR OF A DEVELOPING COUNTRY

Innovation is prerequisite for economic development, sustainable growth and competitive advantage of any organization. Researchers have highlighted the importance of adopting innovative strategies that encourage and enhance the practices of innovation. Unfortunately, many organizations of developing countries are still far behind in their adoption of innovative strategies. This paper states the current practices of innovation in the organizations belonging to a variety of manufacturing and services sectors. It focuses on the two of the most important issues in Innovation Management; information sources for innovation and obstacles to innovation in the context of a developing country. Based on the literature review, a questionnaire was prepared and a survey was conducted in a developing country, Pakistan. Results of this survey and its implication on the innovation management in the organizations are also discussed.