Refer to Figure 4.6 and Table 4.2, explain how organizational characteristics can facilitate the innovation process Table 4.2 Summary of the organisational characteristics that facilitate theinnovation processOrganisational requirement1 Growth orientation2 Organisational heritage and innovationexperience3 Vigilance and external links4 Commitment to technology and R&Dintensity5 Acceptance of risksCharacterised byA commitment to long-term growth rather thanshort-term profitWidespread recognition of the value ofinnovation8 Space for creativity9 Strategy towards innovation10 Coordination of a diverse range of skillsThe ability of the organisation to be aware of itsthreats and opportunitiesThe willingness to invest in the long-termdevelopment of technologyThe willingness to include risky opportunities ina balanced portfolio6 Cross-functional cooperation andMutual respect amongst individuals and acoordination within organisational structure willingness to work together across functions7 ReceptivityThe ability to be aware of, to identify and to takeeffective advantage of, externally developedtechnologyAn ability to manage the innovation dilemmaand provide room for creativityStrategic planning and selection of technologiesand marketsDeveloping a marketable product requirescombining a wide range of specialisedknowledge Table 4.2 Summary of the organisational characteristics that facilitate theinnovation processOrganisational requirement1 Growth orientation2 Organisational heritage and innovationexperience3 Vigilance and external links4 Commitment to technology and R&Dintensity5 Acceptance of risksCharacterised byA commitment to long-term growth rather thanshort-term profitWidespread recognition of the value ofinnovation8 Space for creativity9 Strategy towards innovation10 Coordination of a diverse range of skillsThe ability of the organisation to be aware of itsthreats and opportunitiesThe willingness to invest in the long-termdevelopment of technologyThe willingness to include risky opportunities ina balanced portfolio6 Cross-functional cooperation andMutual respect amongst individuals and acoordination within organisational structure willingness to work together across functions7 ReceptivityThe ability to be aware of, to identify and to takeeffective advantage of, externally developedtechnologyAn ability to manage the innovation dilemmaand provide room for creativityStrategic planning and selection of technologiesand marketsDeveloping a marketable product requirescombining a wide range of specialisedknowledge

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The various qualities, traits, and properties that determine how an organisation runs and interacts…