North and South Korea Essay Example | Topics and Well Written Essays - 500 words

North and South Korea - Essay Example About 57 years ago, North Korea together with her allies and US along with her allies mutually declared a cease fire. North Korea misunderstands South Korea thinking that she wants to exercise power on North Korea. In the recent years, enmity between North and South Korea has started to flare up because of killing. On 25 July, 2010, while military drills were taking place in the demilitarized zone of Korea which makes the interface between North and South Korea, it was quite unexpected of North Korea to start firing the troops in South Korea across the border. It was only after two rounds of fire were completed by the soldiers in North Korea that the South Korean soldiers began to counter-shoot. This was an overt expression of disrespect and humility made by North Korea towards South Korea. North Korea is supported by China whereas South Korea is supported by the US. China and US happen to be the two strongest countries of the world. Through interfering in the politics of Korea, US a nd China are actually availing the opportunity to express their strengths against each other. The tension may rise to the extent of causing the Third World War to break out.

John Locke and natural right to property Essay Example | Topics and Well Written Essays - 1000 words - 1

John Locke and natural right to property - Essay Example As a means of explicating and elaborating on Locke’s particular view of private property and the means by which it is acquired as well as the rights that it necessarily portends, this brief analysis will review Locke’s arguments and attempt to juxtapose and coalesce them within the framework of how private property within the modern era is understood. Furthermore, the qualifications to what constitutes private property and how it can and should be utilized will also be discussed. Lastly, a level of inference will be drawn based upon the means by which Locke has defined private property and the means by which such a definition is still useful within the current modern context of evolved societies. Firstly and most importantly, it should be stated that according to John Locke’s Second Treatise on Government, he believed private property to be a natural right. This natural right is related to the reader due to the fact that Locke believes that the private ownership of property and the wealth generation that it can bring is one of the only means by which an individual can sustain himself/herself in a relative form of physical comfort. Whereas many people throughout the decades have criticized such an interpretation as going against the natural order of things, the fact of the matter is without private property, the ability of the individual to profit from the otherwise communal land is all but negligible. Locke does place a limit on the so called â€Å"Naturalness† of private property. Ultimately, his qualification of what can be determined as the natural right is contingent upon the lack of greed that private property ownership must exhibit. In other words, for Locke, private property is a natural right and moral good as long as it is not engaged upon with greed. Locke goes on to differentiate what is specifically meant by the somewhat nebulous

Visa Inc Research Paper Example | Topics and Well Written Essays - 3750 words

Visa Inc - Research Paper Example Visa Inc. (2011) is a company that was founded from the simple idea of digital currency, but had managed to connect millions of businesses, consumers, financial institutions, and even governments to each other in the short while that it has been operating. It allows its customers, in over 200 countries (Visa Inc, 2011) and areas to replace their cash and check transactions to digital transactions. It has a separate network named VisaNet (Visa Inc, 2011) for financial institution clients. VisaNet is a central and modular payments network that offers three important services of â€Å"risk management services, information services and transaction processing services† (Visa Inc, 2011) all together in one package. Furthermore, VisaNet (Visa Inc, 2011) is constantly working on ways to improve their service, so that people can utilize the method of electronic payments for several more purposes and in more places, because of the network size and payment expertise. This enterprise also provides financial institutions with recognized payment products, which they use to provide â€Å"cash-access, prepaid, debit and credit programs to customers of all types† (Visa Inc, 2011), people as well as state owned and private businesses. This company is the owner of the Visa brand, with their customers crossing several millions and with 1.8 million ATMs distributed worldwide amongst several countries and regions (Visa Inc, 2011). This company remains a frontrunner amongst all electronic transaction companies since the start of its operations. It initialized with credit cards and moved on to offer mobile payments and neural networks, being one of the first companies worldwide to offer such services, thus always remaining updated and developed in an already rapidly changing industry. Considering the large contribution of Visa’s payment platforms to global commerce, its support to all its customers seems invaluable. Visa Inc. (2011) itself does not deal directly with customers in terms of issuing cards or

How Pizza Hut uses social media Facebook, Twitter, Instagram, and Research Paper

How Pizza Hut uses social media Facebook, Twitter, Instagram, and Youtube - Research Paper Example This is important for the company social media campaign because they are able to engage customers. According to Schweidel & Moe (398), many online customers often look for information about products they want through active social media platforms and would shy from following dormant company accounts. The company has also maintained high degree of engagement of their customers through posting of photos and tweets and responding to their customers tweets as well. This is of importance for this company because they are able to involve the people. As Ryan and Calvin (168) states, what individuals share or talk about with the users of the media is important. Content is important since it enables marketers to engage in conversation with customers thus creating social media promotional content that is resourceful, sharable and impacts positively in creating an effective relationship in the long run. Even though the company promotes a variety of products on their twitter handle, they do not promote future products or upcoming events which are very important for their nature of business. This is critical because through promotions prospective and existing customers get excited about the new products and events thus create interest and increase demand. Pizza Hut began its campaign through the most popular social media you tube in February 24, the year 2006. The company’s you tube channel also consists of 9, 769, 274 views with 13580 subscribers currently. Through the company’s you tube platform, their customers are capable of seeing their videos from facebook, TV commercials and behind the scenes footage as well as other fun contents. You tube page also provides a link to the company website which is very important for customers who want to find more about the company and their products. Even though Pizza Hut uploads many videos to you tube, they don’t respond to their customers ‘views concerning the

Criticism of the movie '' City of God'' Essay Example | Topics and Well Written Essays - 1250 words

Criticism of the movie '' City of God'' - Essay Example Additionally, this society never valued the right of others. For instance, despite being bathed in golden lights and amber moods, children were being kicked around like football. Furthermore, the City of God is often expected to flourish in light throughout or all the time. However, it was full of darkness at some points. The darkness in this film is characterized not only y the frequent blackouts it experiences, but also by the action of its people. Nonetheless, the film is produced in a captivating style that is appealing to the audience. The storyline is perfect and well formulated. The film portrays the social issues that happened in a society. The society in question is Brazilian society that needed quick interventions. Furthermore, despite the film’s setting being based in a Brazilian society, its message of rotten vices in was far reaching with some of the crimes being global concerns. The problems and damages caused by gang groups have continued to affect many parts of the global society including cities in the United States. It is also worth noting that the film depicted immense creativity particularly in reflecting real life violence in a society. Additionally, the creativity is in the use of slang language that makes the film truly local and appealing to its targeted audience. In addition, the music that changes depending on the scenes significantly adds value to the success of this film. The director and produ cer of the film also ensured that the cinematography and writing were also perfectly related. The written script of the film portrayed the vices in the society and the same I well brought in play by the cinema presented by the film. Notably, the first expression in the film is the lack of peace and order in the society. This theme strikes everywhere and it is what leads to criminal activities such as murder, theft and rape. One of

Political Philosophy and Machiavelli Essay Example for Free

Political Philosophy and Machiavelli Essay And if all men were good, this teaching would not be good; but because they are wicked and do not observe faith with you, you also do not have to observe it with them (69). Niccolo Machiavellis The Prince is arguably the most famous and controversial political science book of all time. Many think of Machiavelli as synonymous with evil. The father of the idea that the ends will always justify the means, the term Machiavellian has become connected with selfish, brutal, or immoral actions. Machiavelli has long been associated with totalitarianism, conquest, and tyranny. But is this label deserved? Is The Prince a book that expresses evil? Many argue that Machiavelli is not a teacher of evil, but bases his teachings on a pragmatic realism that has long been a part of politics. He would certainly not be the first to have such a view, and he is certainly not the last. In promoting his realistic view of power and politics, Machiavelli does not teach evil, instead, he uses necessity and practicality as the criteria in which his thought is based on. In this way we see that he does not put the matter of good or evil as a priority in his actions, but uses practical methods to make his choice in each instance as to what is necessary and beneficial. Through the exploration of the basis for Machiavellis treatment of ethics and his agenda for writing The Prince we see that his teachings are not evil, but based on political pragmatism and necessity. He himself makes it clear as he advises the Prince on how to be able to do what is necessary whether it is good or evil. And so he needs to have a spirit to change as the winds of fortune and variations of things commanded him, and as I said above, not depart from good, when possible, but know how to enter into evil, when forced by necessity (70). Machiavelli treats morality and prudence not as guides for a Prince, but as tools to use for political gain. In this way we see that Machiavelli is not preaching evil, which would be to encourage the opposite of virtue and morality, but to use them in different ways depending on the situation. Virtue is a key concept when discussing moral living and actions, and vice is the opposite of virtue. The concepts of virtue and vice are age-old ideas ingrained within human society. But the traditional view of virtue and vice, laid out by such thinkers as Aristotle and Plato, is changed to fit the pursuit of power in Machiavellians The Prince. Classic virtue comes from a criterion based on just and beneficial interaction, while pursuing an end, within a civil society. This interaction can involve the impact of an individual on another individual, a citizen and a state, or even an impact an individual has upon himself. Thus a man who sacrifices his life to save his friend, city, or beliefs is thought of as virtuous. On the other hand the reciprocal of this action would be vice, a man who sacrifices his friend, city or beliefs to preserve his life may be viewed as possessing a vice. Virtue finds its anchor in morality and ethics, and upholds that, it is focused on preserving qualities like justice and harmony. The change in the Machiavellian code of morality comes as a result as result of an entire shift in what the foundation of this morality is built on, namely the ends being pursued. The Machiavellian concept of virtue not only divorces virtue completely from its ethical foundation, but places it on a foundation of ability to execute what is necessary in order to achieve what is desired. In this case what is desired is power, which is to be strictly maintained and used to achieve glorious ends, whatever they may be. From this foundation of the pursuit and maintenance of power comes the Machiavellian outlook on everything else, and is the reason in which he is able to separate ethics from politics. Morality in its classical sense would only serve to get in the way of power and prudence; it creates unnecessary dilemmas between what is politically necessary and morally correct, interfering with being a wise ruler. Therefore the Prince must take the necessary actions regardless of their moral ramifications. ? [If] one considers everything well, one will find something that appears to be virtue, which if pursued would be ones ruin, and something else appears to be vice, which if pursued results in ones security and well-being (62). Machiavelli removes the foundation of prudence and virtue from morality, and reinterprets them in regards to necessity and power. Correct policy within The Prince is based on the Machiavellian conception of virtue and prudence. Stemming from this, Machiavelli at times refers to virtue and prudence in their classical definitions, pertaining to high morality, and just actions. But at other times in The Prince, he refers to them as directly pertaining to the proper execution of power. For example he often compares a rulers success, not morality, with virtue. No matter how brutal the ruler, if he is able to hold power well then he is virtuous. Prudence is thought of as being careful, observant and logical in the classical sense. But Machiavelli uses it to describe a ruler who is very sharp, decisive, and makes the correct choices. A prudent lord, therefore, cannot observe faith, nor should he, when such observance turns against him, and causes that made him promise have been eliminated (69). It therefore would be prudent for a ruler to massacre a rebellion, if it meant the ultimate preservation of power. In this case necessity calls for action, even if those actions go against classical morality. A ruler, who has correct judgment and knows what is the best course of action, would take the proper measures to stop the rebellion and pay no attention to the morality of his actions. The ends in this case change the conception of the codes in which the means are to be judged by; no longer is the end such universally beneficial ideas of peace and justice, but power and conquest. Virtue and prudence to Machiavelli hold meaning only in the sense of ability and accomplishment. To Machiavelli cunning would be a virtue, as would decisiveness while wielding power. A vice for a ruler would be stupidity, or ignorance of ones own subjects. Something that is virtuous in the classical sense would only be followed if it were deemed compatible with the situation, and did not in anyway undermine the ends being pursued. The Machiavellian view is based on and around a realism seen in politics and history, and is amoral. The entire intent of the book was to write a pragmatic and realistic approach to dealing with power, not a lesson in high virtue and morality. He states, But since my intent is to write something useful to whoever understands it, it has appeared to me more fitting to go directly to the effectual truth of the thing than to the imagination of it (61). He finds that necessity is what guides most actions. ? [Because] men will always turn out bad for you unless they have been made good by a necessity(95). A military training manual written on the best way to execute killing would not go into a debate on whether or not killing is right or wrong. The manual would be almost amoral and not go into the debate, those who have already settled that debate in their minds would read it, and the same follows for The Prince. One should not associate the teachings of The Prince as something that Machiavelli himself feels is moral, just and proper, but rather what history has shown to be the ideal and efficient way to handle power. Survivor in the political world creates certain necessities, and forces individuals to undertake certain actions in order to ensure success. ? [for] it is so far from how one lives to how one should live that he who lets go of what is done for what should be done learns his ruin rather than his preservation (61). The purpose of The Prince is not a guide to being a moral Prince, but how to abide by necessity and pragmatism. Just as a purpose of the war manual would not be the ethics of killing. The manual would not debate war as a just or unjust means to an end, but instead would accept it as reality, and try to approach it with the same harsh reality. In fact the entire purpose of The Prince was to serve as a guide to restore Italy to greatness, a path that can only be achieved by power. He uses examples from throughout history of rulers who acted successfully when faced with a situation, drawing from these examples he shows the correct actions that a Prince should follow. There is no room for being a virtuous and honest ruler, as it will be at odds with the reality of political life. Because he uses realistic examples from history, we see his true pragmatic nature; his ultimate goal is the achievement of his ends, not the correct actions. Machiavelli uses the actions of past rulers whether or not they are just, as long as they prove successful for the ends being pursued. Machiavelli himself states that he has taken a realist approach, and outlines the reason as to why he has taken this approach, as being necessary and efficient. If one were to examine the way in which Machiavelli looks towards allowing freedom towards his subjects, or the treatment of honesty toward his subjects, one would conclude that Machiavelli himself was not in favor of these things. It would be a mistake to reach this conclusion, it is not so much that he is against freedom or truth, but he realizes that these things will damage and undermine ones power the goal and focus of The Prince. For a man who wants to make a profession of good in all regards must come to ruin among so many who are not good (61). Machiavelli is not favoring things that we would view as brutality, deception and in many cases evil; instead he is using them as tools in an act to obtain what he desires. Machiavelli spends much time on the behavior that a Prince should follow in order to be successful. Although Machiavelli goes through many different traits and practices a ruler should follow, the two that he deems very necessary are to be loved and to be feared. Machiavelli stresses that a ruler should seek to be loved, but above all make sure that he is not hated, because if he is hated it will ultimately be his undoing. This follows the Machiavellian line of pragmatism and necessity; it is not motivated by a lust for evil or deceit, but is something that many people who are appalled by his amorality would agree with. If Machiavelli were a teacher of evil he would never make such a statement. A leader who is feared will ultimately deter any action against him by his ability to control the actions of the people with his fear. . Morality will only serve to hamper a princes abilities. This has to be understood: that a prince, especially a new prince, cannot observe all those things for which a men are held good, since he is often under a necessity, to maintain his state, of acting against faith, against charity, against humanity, against religion. And so he needs to have a spirit disposed to change as the winds of fortune an variations of things command him? (70). The most efficient way to deal with a problem is usually not the moral way, and Machiavelli time and time again points to this as the reason in which he chooses the path he does. His book is not for idealists, and as he states idealists rarely accomplish what they want. His book is for the guidance of a Prince towards power, and the ability to maintain that power. All of these things follow the strict Machiavellian criteria of necessity for power. Whether these things are good or evil in our eyes is not the topic of discussion for Machiavelli, therefore it does not concern him, what he seeks is the necessary actions to gain and maintain power. Hence it is necessary to a prince, if he wants to maintain himself, to learn to be able not to be good, and to use this and not use it according to necessity (61). This doctrine of pragmatism within The Prince was not invented by Machiavelli, one can look at it as merely an expression of the practical political ideas of his time, and perhaps forever. We see that Machiavelli puts forth an ethics of political convenience. It does not hold to or allow itself to be hampered by morality, virtue, or Christian values, but allows them only when opportune and beneficial. The Princes doctrine supports actions including murder, deceit, and betrayal given that the Prince will benefit from it. The ethics found within Machiavelli is entirely based upon a realistic outlook upon the political world and caters to political convenience. To Machiavelli this moral code of convenience and pragmatism is a political necessity. He states that when it is politically necessary to act in accordance with a vice then one must do so in the interest of power. And furthermore one should not care about incurring the fame of those vices without which it is difficult to save ones state? (62). He holds that the world will swallow up idealists, and that it is unrealistic to expect someone to exercise morality when dealing with a political situation, or their enemies. Through the exploration of the basis for Machiavellis treatment of ethics and his agenda for writing The Prince we see that his teachings are not evil, but based on political pragmatism and necessity. Machiavelli treats morality and prudence not as guides for a Prince, but as tools to use for political gain. By removing the foundation of prudence and virtue from morality, he reinterprets them in regards to necessity and power. The amoral Machiavellian view centers on a realism seen in politics and history. The entire purpose of The Prince is not a guide to being a morally, but a guide to necessity and pragmatism. This doctrine of pragmatism within The Prince was not invented by Machiavelli, but used masterfully by him to craft a powerful instructional book on power. The concept of morality is not attacked or thrown away, but put aside and only referred to or used when necessary. In the real world few will be honest, or moral, so it becomes necessary for one to also set these things aside as it will conflict with ones ends. This is the reality of politics and Machiavelli recognizes this and refers to it many times in the book as the reason to why he chooses the path he does and not out of evil or some wish for deceitful actions. Political reality deems his method necessary, thus it is a realistic and pragmatic way to approach the subject.

Project Management and Innovation Past and Future Essay Example for Free

Project Management and Innovation Past and Future Essay It is unsurprising that development of innovation is often run as a project. Yet, theoretically both project management and innovation studies have evolved over time as distinctively separate disciplines. In this paper we make an attempt to conceptualize the innovation project management and past as well as future of same. By doing so, we contribute to the nascent academic debate on the interplay between innovation and project management. This paper is concerned with three topics and the interplay between them, namely â€Å"Innovation†, â€Å"Research and Development (RD)† and â€Å"Project Management†. The interest in these topics has exploded recently as they emerged both on the policy agenda and in the corporate strategies. The contribution of technological innovation to national economic growth has been well established in the economic literature. In the last couple of decades, new technologies, new industries, and new business models have powered impressive gains in productivity and GDP growth. While originally there was a tendency to equate RD and innovation, contemporary understanding of innovation is much broader than purely RD. RD is one component of innovation activities and knowledge creation among others. Innovation emerges as a pervasive and complex force, not only in the high-tech sectors in advanced economies, but also as a phenomenon existing in low-tech industry of developing, or catching-up economies. Still, the link between RD and innovation is often at the core of the innovation studies. Presently, we are witnessing â€Å"projectification† of the world as a growing number of specialists organise their work in projects rather than on on-going functional basis. The connection between RD and project management has a long history. Most tools of project management have been developed from the management of RD, often with military purposes (Lorell, 1995). The most vivid example of managing RD projects in the public sector is the PRINCE2 method (UK OGC, 2005). Due to the above mentioned difference between RD and innovation, RD projects should be distinguished from innovation projects too. Innovation is a non-linear process, not necessarily technology-led and may not necessarily result from formal RD investments. Innovation is the exploration and exploitation of new ideas and recombination of existing knowledge in the pursuit of sustained competitive advantage. Besides, both innovation and RD projects by their nature differ from conventional projects. Thus, there is a need to examine the Innovation Project Management (IPM) as a distinctive area of managing innovation in projects, using the tools and methods of the project management. The Evolution of Project Management Theory The genesis of the ideas that led to the development of modern project management can arguably be traced back to the protestant reformation of the 15th century. The Protestants and later the Puritans introduced a number of ideas including ‘reductionism’, ‘individualism’ and the ‘protestant work ethic’ (PWE) that resonate strongly in the spirit of modern project management. Reductionism focuses on removing unnecessary elements of a process or ‘ceremony’ and then breaking the process down into its smallest task or unit to ‘understand’ how it works. Individualism assumes we are active, independent agents who can manage risks and create ideas. These ideas are made into ‘real things’ by social actions contingent upon the availability of a language to describe them. The PWE focuses on the intrinsic value of work. Prior to the protestant reformation most people saw work either as a necessary evil, or as a means to an end. For Protestants, serving God included participating in and working hard at worldly activities as this was part of God’s purpose for each individual. From the perspective of the evolution of modern project management, these ideas were incorporated into two key philosophies, Liberalism and Newtonianism. Liberalism included the ideas of capitalism (Adam Smith), the division of labour, and that an industrious lifestyle would lead to wealthy societies Newton saw the world as a harmonious mechanism controlled by a ‘universal law’. Applying scientific observations to parts of the whole would allow understanding and insights to occur and eventually a complete understanding. LITERATURE REVIEW In this paper we seek to establish bridges between two distinctive disciplines – project management and innovation management (innovation studies). Despite seemingly interrelated nature of both subjects, these two research domains have been developing relatively isolated from each other. Innovation Studies Innovation studies are rooted in the seminal writing of Joseph Schumpeter in the 1920s-1930s (e. g. Schumpeter, 1934), whose ideas started to gain popularity in the 1960s, as the general interest among policymakers and scholars in technological change, RD and innovation increased. The field formed as a distinctive academic discipline from the 1980s. Scholars like Richard Nelson, Chris Freeman, Bengt-Ake Lundvall, Keith Pavitt, Luc Soete, Giovanni Dosi, Jan Fagerberg, Bart Verspagen, Eric von Hippel and others have shaped and formed this discipline. The seminal publications in the area include, inter alia, Freeman (1982), Freeman and Soete (1997), Lundvall (1992), Nelson and Winter (1977, 1982), von Hippel (1988). Regarding the definition of innovation – a general consensus has been achieved among innovation scholars who broadly understand this phenomenon as a transformation of knowledge into new products, processes and services. An in-depth review of the innovation literature is beyond the scope of this paper (refer to Fagerberg (2004) for such analysis). Our intention is to outline main directions of research. In a recent paper, Fagerberg and Verspagen (2009) provide a comprehensive analysis of the cognitive and organizational characteristics of the emerging field of innovation studies and consider its prospects and challenges. The authors trace evolution and dynamics of the field. Reflecting the complex nature of innovation, the field of innovation studies unites various academic disciplines. For examples, Fagerberg and Verspagen (2009) define four main clusters of innovation scholars. They are â€Å"Management† (cluster 1), â€Å"Schumpeter Crowd† (cluster 2), â€Å"Geography and Policy† (cluster 3. 1), Periphery† (cluster 3. 2) and â€Å"Industrial Economics† (cluster 4). For the purposes of our analysis we shall have a closer look at the â€Å"Management† cluster, since it is here where the connection between innovation and Project Management can be found. In fact â€Å"Management† is the smallest cluster within the entire network of innovation scholars, consisting of only 22 scholars, mainly sociologists and management scholars, with a geographical bias towards the USA. This small number of scholars (22) is in sharp contrast with the biggest clusters ? â€Å"Geography and Policy† (298 scholars) or â€Å"Schumpeter Crowd† (309). In terms of publication preferences, apart from Research Policy, the favorite journal for innovation scholars, members of â€Å"Management† cluster see management journals as the most relevant publishing outlets, particularly Journal of Product Innovation Management, Management Science and Strategic Management Journal. Fagerberg and Verspagen (2009, p. 29) see a strong link between innovation and management and provide a following description: â€Å"Management is to some extent a cross-disciplinary field by default and firm-level innovation falls naturally within its portfolio. †¦. So between innovation studies and management there clearly is some common ground†. Project Management The project management as a human activity has a long history; e. g. construction of Egyptian pyramids in 2000 BC may be regarded as a project activity. However, the start for the modern Project Management era, as a distinctive research area, was in the 1950s. Maylor (2005) determines three major stages of the PM historical development. Before the 1950s, the PM as such was not recognized. In the 1950s, tools and techniques were developed to support the management of complex projects. The dominant thinking was based on â€Å"one best way† approach, based on numerical methods. The third stage, from the 1990s onwards is characterized by the changing environment in which projects take place. It is more and more realized that a project management approach should be contingent upon its context. It is also noted that a shift is observed over time in development of project management – from focus on sole project management to the broader management of projects and strategic project management (Fangel, 1993; Morris, 1994; Bryde, 2003). Reflecting these changes in the managerial practices, the body of academic literature on PM has evolved and burgeoned. International Journal of Project Management and Project Management Journals became the flagship publication outlets for PM scholars and practitioners. A large number of (managerial) handbooks outlining the methods and techniques of PM have been published, e. g. Andersen et al (2004), Bruijn et al (2004) Kerzner (2005), Maylor (2005), Meredith and Mantel (2006), Muller (2009), Roberts (2007), Turner (1999), Turner and Turner (2008). Despite a growing number of publications, there is no unified theoretical basis and there is no unified theory of project management, due to its multidisciplinary nature (Smyth and Morris, 2007). Project management has a more applied nature than other management disciplines. Although the PM has formed as a distinct research field, there is no universal, generally accepted definition of a project and project management. Turner (1999) develops a generic definition of a project: A project is an endeavor in which human, financial and material resources are organized in a novel way to undertake a unique scope of work, of given specification, which constraints of cost and time, so as to achieve beneficial change defined by quantitative and qualitative objectives. There have been several attempts to provide an overview of the state-of-the-art research in PM and outline its trends and future directions (e. g. , PMI, 2004; Betts and Lansley, 1995; Themistocleous and Wearne, 2003; Crawford et al, 2006; Kloppenberg and Opfer, 2002). In a recent article, Kwak and Anbari (2009) review relevant academic journals and identify eight allied disciplines, in which PM is being applied and developed. These disciplines include such areas as Operation Management, Organizational Behavior, Information Technology, Engineering and Construction, Strategy/Integration, Project Finance and Accounting, and Quality and Management. Notably, one of these eight allied disciplines is â€Å"Technology Application / Innovation / New Product Development / Research and Development†. The authors found that only 11% of journal publications on the subject of project management fell under the â€Å"Innovation† heading. Yet, importantly, this area showed sustained upward interest, and hence the number of publications, since the 1960s. Overall, Kwak and Anbari (2009) conclude that the mainstream PM research proceeds largely in the â€Å"Strategy / Integration / Portfolio Management / Value of PM / Marketing† direction (30% of all publications examined by the authors). PM AND INNOVATION: THE PAST Projects in one form or another have been undertaken for millennia, but it was only in the latter part of the 20th century people started talking about ‘project management’. Earlier endeavors were seen as acts of worship, engineering or nation building. And the people controlling the endeavors saw themselves as members of groups focused on specific callings such as generals, priests and architects. There is an important distinction to be drawn here between projects: ‘a temporary Endeavour undertaken to create a unique product, service or result’ and the profession of project management; or at least ‘modern project management’. For a discipline to be considered a profession a number of attributes are generally considered necessary; these are: †¢ Practitioners are required to meet formal educational and entry requirements, †¢ autonomy over the terms and conditions of practice, a code of ethics, †¢ a commitment to service ideals, †¢ a monopoly over a discrete body of knowledge and related skills. Within this context, project management is best considered an ‘emerging profession’ that has developed during the last 30 to 40 years. Over this period project management associations around the world have developed a generally consistent view of the processes involved in ‘project management’, encoded these views into ‘Bodies of Knowledge’ (BoKs), described competent behaviors and are now certifying knowledgeable and/or competent ‘Project Managers’. Certainly, if ‘modern project management’ does not qualify as a fully fledged profession at this point in time, it will evolve into one fairly quickly. The Evolution of Project Management Tools The central theme running through the various project management concepts is that project management is an integrative process that has at its core, the balancing of the ‘iron triangle’ of time, cost and output. All three facets must be present for a management process to be considered project management. The evolution of cost and scope control into relatively precise processes occurred during the 14th and 18th Centuries respectively. Time management lacked effective measurement and control until the emergence of ‘critical path’ scheduling in the 1960s. The branch of management that gave rise to the development of the Critical Path Method of scheduling was Operational Research (OR). OR is an interdisciplinary science which uses methods such as mathematical modeling and statistics to assist decision making in complex real-world situations. It is distinguished by its ability to look at and improve an entire system, rather than concentrating on specific processes which was the focus of Taylor’s ‘scientific management’. The growth of OR was facilitated by the increasing availability and power of computers which were needed to carry out the large numbers of calculations typically required to analyze a system. [pic] Figure 1. The Iron Triangle The first ‘project’ to add science to the process of time control was undertaken by Kelley and Walker to develop the Critical Path Method (CPM) for E. I. du Pont de Numours. In 1956/57 Kelly and Walker started developing the algorithms that became CPM. The program they developed was trialled on plant shutdowns in 1957 And the first paper on critical path scheduling was published in 1959. The critical meeting to approve this project was held on the 7th May 1957 in Newark, Delaware, where DuPont and Remington Rand jointly committed US$226,400 to fund the project. The foundations of modern project management were laid in 1957; but it took another 12 years before Dr Martin Barnes first described the ‘iron triangle’ of time, cost and output in a course he developed for his UK clients in 1969 called ‘Time and Money in Contract Control’. PM AND INNOVATION: THE FUTURE Defining PM for Future The biggest challenge facing project management is answering the question ‘what is a project? ’ Until this question can be answered unambiguously the foundation of project management cannot be defined. Current definitions such as the PMBOK’s ‘a temporary endeavor undertaken to create a unique product, service or result’ can apply to the baking of a cake as easily as the construction of a multi story building. They are both temporary endeavors to create a unique outcome but in all probability the baking of a cake is not a project. The traditional view of projects embedded in the various BoKs is derived from both the management theories underpinning ‘modern project management’ and the industrial base of early project management practitioners (construction / defense / engineering). The BoKs tend to treat projects as naturally occurring entities that need to be managed. This is an easy enough assumption when focusing on a building or a battle ship. There is a physical presence that occupies a defined space that needs creating in a defined timeframe to a defined scope. This view assumes project exists and project management is about transforming the raw materials of the project into a finished and useful form. Consequently it is the presence of the project itself that defines ‘project management’. The PMBOKs version is ‘The application of knowledge, skills, tools and techniques to project activities to meet project requirements’. However, if we cannot precisely define a ‘project’, there is no basis for project management and consequently no foundation for a useable theory of project management. Researchers and academics are starting to reverse the idea that a project is necessary for project management to exist and suggest it is the application of ‘project management’ to an endeavour that creates a project. Some of the ideas being discussed include: †¢ Projects as ‘Temporary Knowledge Organizations (TKOs)’. This school of thought focuses on the idea that the primary instrument of project management is the project team and the recognition that predictability is not a reality of project management. Some key ideas include: o The concept of the project team as a ‘complex adaptive system (or organism)’, living on the ‘edge of chaos’; responding and adapting to its surroundings (ie the project’s stakeholders) offers one new set of insights. o The idea of ‘Nonlinearity’ suggests that you can do the same thing several times over and get completely different results. Small differences may lead to big changes whilst big variations may have minimal effect. This idea questions the validity of ‘detailed programming’ attempting to predict the path of a project (the ‘butterfly effect’, constrained by ‘strange attractors’). The concept of ‘Complex Responsive Processes of Relating’ (CRPR) puts emphasis on the interaction among people and the essentially responsive and participative nature of the human processes of organizing and relating. According to the modern trend in these field, consequence of accepting these theories is to shift the focus of ‘project management’ from the object of the project to the people involved in the project (ie, its stakeholders), and to recognize that it is people who create the project, work on the project and close the project with all innovation. Consequently the purpose of most if not all project ‘control documents’ such as schedules and cost plans shift from being an attempt to ‘control the future’ this is impossible; to a process for communicating with and influencing stakeholders to encourage and guide their involvement in the project. Notwithstanding the advantages of project management, it would be unreasonable to expect all innovation to be carried out through projects. In fact, many ideas are generated by employees in a company on a regular basis, not only within project teams. Thus, there is certainly a room for functional, on-going organization of innovation process. Even more so, in certain situations project management can be detrimental to innovation. Aggeri and Segrestin (2007) show that the recent project development methods in automotive industry can induce negative effects on collective learning processes and these effects have managerial implications for innovative developments. Argument for Managing Innovation in Projects The origins of project management in the manufacturing and construction ndustries determine an engineering perspective, viewing a project as a task-focused entity, proceeding in a linear or similar way from the point of initiation to implementation. This view prevailed until comparatively recently. This view is seemingly in stark contrast with the nature of innovation. It is increasingly being acknowledged that the innovation is a complex non-linear process. The earliest view on innovation process as a pipeline model (whereby a given input is transformed to a specific output) has been largely abandoned. Presently, however, project management is increasingly recognised as a key generic skill for business management (Fangel, 1993), rather than a planning-oriented technique or an application of engineering sciences and optimization theory, in which project management has its roots (Soderlund, 2004). The â€Å"management by projects† has emerged as general mode of organizing for all forms of enterprise (Turner 2003). This new conceptualization of project management enables to embrace the non-linear nature of innovation. Even a creative and non-linear nature of innovation is often characterized as an organizational or management process, rather than spontaneous improvisation. Davila et al. (2006) state, Innovation, like many business functions, is a management process that requires specific tools, rules, and discipline. Hence, a project, with its defined objective, scope, budget and limitations, can be an appropriate setting of innovation. The other closely linked element in the new world of project management with innovation is embracing uncertainty. Writing on paper cannot control the future! Schedules do not control time; cost plans do not control costs. Plans outline a possible future and provided a basis for recognizing when things ‘are not going to plan’. For innovation project management to succeed, both project and senior management are going to need to embrace uncertainty and learn skills to manage it rather than expecting predictability and inevitably being disappointed by the variability of ‘reality’ as it unfolds. Challenges of Empirical Studies Scarcity and unreliability, or even lack of data poses a big challenge in research in both innovation and project management. A macro-level research n PM is obstructed by the lack of data on the number of projects, carried out by firms and public institutions, and their characteristics. Problems stem from the definition of a project and the non-disclosure policy of most companies. In such circumstances, PM research has tended to rely on case-studies or on small-scale tailor-made surveys. There i s a widely acknowledged lack of large-scale empirical research in PM (Kloppenborg and Opfer, 2002; Soderlund, 2004). It is claimed that the Independent Project Analysis (IPA) is the market leader in quantitative analysis of project management systems, i. . in project evaluation and project system benchmarking (IPA, 2007). All IPA analyses and research are based on proprietary databases. As of mid-2009, IPA’s databases contain more than 11,000 projects of all sizes ($20,000 to $25 billion) executed across the world. Each year, approximately 1,000 projects are added with representation from the many different industries served by IPA. Each project in our databases is characterized by over 2,000 project attributes, including technology, project scope, project type, project costs, year of authorization, and geographical location (IPA 2009). All information contained in the IPA databases is carefully protected and kept as confidential proprietary data (IPA, 2009). Due to the issues of confidentiality, access for academic researchers is restricted. In the innovation field, academic community has been increasingly using several sources of data, such as granted patents, tailor-made surveys, as well as other data provided by national statistical offices. European research on innovation uses several instruments to obtain data on innovation indicators and to assess national innovation performance. The two main instruments are the Community Innovation Survey (CIS) and the European Innovation Scorecard (EIS). As of 2009, five successful CIS surveys have been carried out: CIS1 (1992), CIS2 (1996), CIS3 (2001), CIS4 (2004) and CIS 2006. Each new round was characterized by an improved questionnaire, in line with the evolution of understanding of the phenomenon of innovation. The more recent surveys embraced understanding of innovation in a broader sense, and for example, paid more attention to service innovations. Further, it is expected that the future surveys will also include management techniques, organizational change, environmental benefits, and design and marketing issues. We argue that, taken into consideration the growing relevance of innovation projects, a clearer and explicit wording should be used in CIS questionnaire for determining whether innovation is organized and carried out in projects or functionally. CONCLUSIONS Innovation studies and project management as distinctive disciplines have been developing in a relative isolation from each other. The analysis in innovation studies domain has rarely explored the mechanisms and patterns of innovation in projects in contrast to traditional (functional or hierarchical) organization. However, since innovation management in companies is increasingly organized in projects, it is of utmost importance to directly address the interplay between innovation management and project management. In this paper, based on the relevant literature and insights from practice, we conceptually examined the relationships between these two research areas aiming at bridging the gap between them. It is widely acknowledged within the discipline of innovation studies that there is a high percentage of failure of innovation initiatives, in other words, failure is inevitable when managing innovation. The key skill set of the competent project manager will be identifying and managing stakeholder expectations using tools such as the Stakeholder circle to help identify the project’s key stakeholders. Innovation is perceived as a luxury, not as a necessity. Therefore, it is of high priority to manage innovation effectively and efficiently with constrained budgets.