Management innovation through a network-based management tool: a conceptual study of prerequisites

Innovation is critical for companies to thrive and succeed in the turbulent times of our globally connected world. This developmental paper looks into the relatively underresearched aspect of Management Innovation and especially important prerequisites for the introduction of a new concept that is referred to as a Network-Based Management Tool (NBMT). An in-depth literature review compares different management approaches and identifies three prerequisites as relevant for a successful invention and implementation of a NBMT. The analysis of collected data from Germany and the UK provides an idea of the current situation in today’s businesses and allows sufficient insights concerning these identified prerequisites that have been identified as at least partially met. The paper also exposes possible areas for future research to allow a further elaboration of the ideas provided by this developmental paper.