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innovators of finance planning (project)
Innovation is viewed as indispensable to the economic and social development of countries and the subject has been widely researched. The initial research focused on the development of new products and services by firms applying technological initiatives. The concept has expanded to cover many domains and features of innovation which led to innovation in non-technological areas currently referred to as ‘management innovation’. Many tools were developed by management specialists and gurus such as strategic planning, vision and missions statements, benchmarking, customer-satisfaction measurement, and outsourcing which target performance improvements in firms. The output of this paper is a project development planning model which integrates management innovation tools related to the field of project planning as a novel approach tested by a consulting firm over several applications. The paper has implications for managers, consultants, and professionals involved in the design, planning, and implementation of a varied range of development projects.
