Management of Innovation in Global Organizations Case of Schlumberger

Abstract

Continuous innovation is a key driver of organizations success. This principle holds true for entrepreneurial ventures and global organizations. How do global organizations manage technological innovation to maintain incumbency over the years? Our research will probe a global company (Schlumberger) innovation management strategy considering sound technological innovation principles. Due to limited data availability, we have referenced Schlumberger’s most relevant public source titled “This is Schlumberger – 90 years of technical innovation”. We found that innovation strategies contributing to SLB success include dynamic capabilities, strategic acquisitions, technology integration, fostering innovation as core value, customer-focused organizational structure, effective knowledge management and sustaining innovation.