Innovation

Innovation in the minds of Young India

Course Title Organizational Behaviour

Course Instructor Prof. Dr. Satish Pandey

Batch Exe-MBA-10 (Roll No’s: 20104001/2/3

Group Members

1. Abhik Tushar Das (Roll No.4001)

2. Ajay Cecil (Roll No.4002)

3. Anand Singh (Roll No.4003)

Topic / Area of Research“Identifying factors influencing the perception of

students towards Innovation”

Contents

1. Abstract

2. Research Problem

3. Research Questions

4. Type of Study

5. Research Process & Methodology

6. Scope of Research

7. Data Source

8. Interpretations

9. Findings

10. Weightages and results

11. Bibliography

12. Annexure

Exe-MBA-10 (Organizational Behaviour) Page 1


Abstract:

The project would aim at identifying the factors influencing the students at PDPU about Innovation, as a concept and its role in society. A questionnaire based survey is conducted to identify the factors affecting the course objectives.

Research Problem:

The innovation index of India is only 56 among 130 countries on the Innovation index and has dropped down the list compared to the previous list. This can be attributed to the perception of people towards Innovation and also the design of the pedagogy in Universities amongst many other factors. The project aims at surveying a group of young students at the Pandit Deendayal Petroleum University (PDPU) and develops a meaningful conclusion towards identifying the problem.

Research Questions:

The research project seeks to explore answers to the following questions:

1. What according to you best defines Innovation? 2. Which of the below do you think are important attributes for becoming an Innovator? 3. Do you believe that the PDPU campus has fostered an environment for Innovation?4. Where do you think India stands in terms of world ranking on Innovation?5. Do you believe that Innovation comes only from your DNA and cannot be nurtured?6. Do you feel that your academic course has encouraged Innovative thinking within

yourself?7. What according to you hinders India from becoming the top country in the world for

Innovation? 8. Who do you feel has the most important role in creating Innovative thinking?9. According to you what could become factors for furthering Innovation in India?10. Do you think that you could benefit as students if a technology forum on Innovation was

established on campus?



Type of Study:

It is a Descriptive Study focusing on the factors affecting the minds of students who are the future professionals about their perceptions on Innovation and the role of the University in promoting Innovation.

Research Process & Methodology:

The methodology for the research project would involve the following:1. Collection of relevant information and literature reviews to understand the concept

of innovation.2. Analyzing the existing psychology of students about innovation.3. Conducting a questionnaire based sample survey for obtaining individual responses.4. Applying business statistics tools (mean, median, and mode) further present the

data in numerical form (as per table below).

Thus, the research project would involve four stages.

a) Questionnaire formationb) Data collectionc) Data analysisd) Conclusions

Scope of Research:

The scope of the project is limited to students of Pandit Deendayal Petroleum University (PDPU) from varied academic programme like SLS (School of Liberal Studies), SPT (School of Petroleum Technology), and SPM (School of Petroleum Management).

The Sample is drawn from a literate population of students.



Data Source:

The primary data (samples) would be obtained through questionnaire based survey. Other reports/ studies would be obtained from various published sources and on-

line journals (based on their availability in the public domain).

Interpretations:

Based on the existing studies, the following sets of factors identify the perceptiveness regarding the innovative thought processes in the minds of students:

a) Academic curriculumIt measures innovation as a function of the course pedagogy in the university and its ability to foster the minds of young students to adopt an out-of-the-box thinking ability.

b) Personality traitsIt measures the inherent qualities in an individual and its effects on innovative thinking.

c) Global perspectiveThis measures the effect of globalization on the ability of an individual to think innovatively, and its role in promotion of innovation as a unique concept.

To assess the significance of these factors in determining the perceptiveness of students regarding innovation, a questionnaire based survey was conducted. The questionnaire is given in Annexure.



Findings:

1. What according to you best defines Innovation?

Inference: According to survey 58 % of the respondents define innovation as an “application of a fresh idea”

2. Which of the below do you think are important attributes for becoming an Innovator?

Inference: According to survey 37.5 % of the respondents rates creative mind as the most important attribute for becoming an innovator.



3. Do you believe that the PDPU campus has fostered an environment for Innovation?

Inference: According to survey 29% of the respondents believe that pdpu campus has fostered an environment for innovation.

4. Where do you think India stands in terms of world ranking on Innovation?

Inference: According to survey 1/3 of the respondents believe that India ranks between 35 to 50 in the world ranking of innovation. According to 2010 survey by World Bank and the Organisation for Economic Cooperation and Development , India holds 56 position.

5. Do you believe that Innovation comes only from your DNA and cannot be nurtured?

Inference: According to survey 45.8 %respondents disagree that innovation comes by birth and can not be nurtured.



6. Do you feel that your academic course has encouraged Innovative thinking within yourself?

Inference: According to survey37.5% of the respondents agreed that academic courses encourage innovative thinking in oneself.

7. What according to you hinders India from becoming the top country in the world for Innovation?

Inference: According to survey 37.5 % of the respondents believe lack of coordination in government departments prevents India to becoming the top country n the world for innovation.



8. Who do you feel has the most important role in creating Innovative thinking?

Inference: According to survey83.3% of the respondents believe that the individual has most important role in creating innovative thinking. 9. According to you what could become factors for furthering Innovation in India?

Inference: According to survey 62.5 % of the respondents feels developing ones skill set is the most important factor for the innovation.

10. Do you think that you could benefit as students if a technology forum on Innovation was established on campus?

Inference: According to survey 66.6 % of the respondents agrees to the fact that one could benefit as students if a technology form on innovation was established in campus.





S No.

Innovation drivers Weightage

1 Academic curriculum 33.33%

2 Personality traits 33.33%

3 Global perspective 33.33%

Results:

S No.

Innovation Drivers Results(% of

respondents)1 Academic curriculum 31.46

2 Personality traits 42.68

3 Global perspective 25.86





Bibliography:

1. Maital & Seshadri, S.M. & D.V.R (2007), Innovation Management, London: Sage, p 117-140.

2. Barton Rabe, C.B.R (2006), The Innovation Killer, Broadway, New York: Amacom, P 9-20

3. Subbarao, E.C (2008), An Eye for Excellence, New Delhi: Harper Collins, p 22-35 4. http://www.insead.edu/facultyresearch/centres/elab/documents/GIIFinal0809.pdf 5. http://www.livemint.com/2010/03/03213600/Iceland-tops-innovation-index.html 6. http://www.tenfacesofinnovation.com/thebook/index.htm 7. The Art of Innovation: Lessons in Creativity from Ideo, America's Leading Design Firm

by Tom Kelley

8. http://www.amazon.com/Innovation-Entrepreneurship-Peter-F-Drucker/dp/

0887306187/ref=cm_lmf_img_2#reader_0887306187


http://www.amazon.com/Innovation-Entrepreneurship-Peter-F-Drucker/dp/0887306187/ref=cm_lmf_img_2#reader_0887306187

http://www.amazon.com/Innovation-Entrepreneurship-Peter-F-Drucker/dp/0887306187/ref=cm_lmf_img_2#reader_0887306187

http://www.amazon.com/exec/obidos/ASIN/0385499841/innovationtoo-20

http://www.amazon.com/exec/obidos/ASIN/0385499841/innovationtoo-20

http://www.tenfacesofinnovation.com/thebook/index.htm

http://www.livemint.com/2010/03/03213600/Iceland-tops-innovation-index.html

http://www.insead.edu/facultyresearch/centres/elab/documents/GIIFinal0809.pdf


ANNEXURE

1. What according to you best defines Innovation? (choose any one)a) Application of a fresh ideab) An inventionc) Doing things differentlyd) New technologye) Don’t know

2. Which of the below do you think are important attributes for becoming an Innovator? (Rank 1-5, 1 has highest rank)

a) Motivation __b) Visionary __c) Independent – minded __d) Defy the crowd __e) Creative – minded __

3. Do you believe that the PDPU campus has fostered an environment for Innovation?a) Strongly agreeb) Agreec) Undecidedd) Disagreee) Strongly disagree

4. Where do you think India stands in terms of world ranking on Innovation?a) Top 15b) 15 – 20c) 20 – 35d) 35 – 50e) 50 – 60



5. Do you believe that Innovation comes only from your DNA and cannot be nurtured?a) Strongly agreeb) Agreec) Undecidedd) Disagreee) Strongly disagree

6. Do you feel that your academic course has encouraged Innovative thinking within yourself?

a) Strongly agreeb) Agreec) Undecidedd) Disagreee) Strongly disagree

7. What according to you hinders India from becoming the top country in the world for Innovation? (Rank 1-5, 1 has highest rank)

a) Bureaucracy __b) Lack of coordination in govt. Departments __c) Poor quality in post graduate studies __d) Lack of vision __e) Poor funding __

8. Who do you feel has the most important role in creating Innovative thinking?(Rank 1-5, 1 has highest rank)

a) Individual (you) __b) Classmates __c) Faculty __d) PDPU __e) Clubs __

9. According to you what could become factors for furthering Innovation in India?(Rank 1-5, 1 has highest rank)

a) R&D initiatives __b) Foreign collaboration __c) Developing one’s skill set __d) Venture capitalists __e) Technology Park & Incubators by govt. __



10. Do you think that you could benefit as students if a technology forum on Innovation was established on campus?

a) Strongly agreeb) Agreec) Undecidedd) Disagreee) Strongly disagree


Business

Innovation