The Management of Innovation in Project Based Firms

Innovation is an important area of management theory, but there is a paucity of research on innovation in project based firms. Project based firms are simultaneously becoming a more vital and important organisational context, exemplifying many current managerial challenges. In this paper we research innovation in twenty project based firms. We identify three key areas of innovation from the theoretical literature and conduct empirical research, discovering (1) whether project based firms provide an organisational context supportive of innovation, (2) how project based firms address the question of innovation and slack resources, and finally (3) whether project based firms view innovation as universally desirable, or adopt a more cautious approach to developing and driving their innovation strategies. Our findings add to current theorising on innovation in organisations, expanding our knowledge of project based firms and innovation strategies.