innovation management theory

13 Dec innovation management theory

Handbook of Technology and Innovation Management Edited by Scott Shane Case Western Reserve University A John Wiley and Sons, Ltd., Publication Contents Preface ix List of Contributors xi Editor’s Introduction xv Part I The Most predominant research for innovation ecosystems comes from Prof Ron Adner (Adner, 2017) (Adner and Kapoor, 2016) (Adner, 2014) (Adner and Kapoor, 2010) (Spruijt, 2015) (Xu et al., 2007), and open innovation from Prof Henry Chesbrough (Chesbrough, 2017) (Chesbrough et al., 2015) (West et al., 2014) (Chesbrough, 2006). Dimitris Skalkos, A Novel Innovation Management Process: For Applications in Fields such as Food Innovation, International Journal of Innovation Science, … 2010s: Strong influence from digital transformation and digital platforms that will further integrate current innovation management theory into open digital innovation ecosystems. Today, the term of innovation is interpreted – in the current, its general … Note #6: Tables 3 and 4 with the references are available in the PDF document, which has been posted on LinkedIn and ResearchGate. Note #5: The Innovation Management Theory Evolution Map consists currently of 52 theories. It is a use of new knowledge to offer a new product or service that customers want. A Model for Integrative Innovation Management March 21, 2016. This dimension defines the qualitative impact of an innovation management theory, specifically within the boundaries of the Innovation Management Theory Evolution Map. White – Supporting Contribution: This category is not specific for new scientific theory contributions, but to acknowledge other researchers who contribute further knowledge on the application and further clarification of existing theories. Primary researcher’s name, and in brackets the post-grad university he/she was and current affiliation with either a university or company. Leading researchers on open innovation and innovation ecosystems are also looking at the integration of digital transformation with their theories (Adner, 2016) (Adner et al., 2015) (Rangan and Adner, 2001) (Porter and Heppelmann, 2015). 2000s: Scholars started to investigate innovation ecosystems that contains self-driven corporate innovation systems and interactions with its surround environment. The general public picked it up from a book with the title “Outliers” the following year in 2008, and generalized it further to the 10,000 hours rule (as told by Josh Kaufman at TEDx CSU in 2013). Innovation management : theory and comparative practice : illustrated by two case studies Andrew Robertson (Management decision monograph series, v. 12, no. In first place the story and development of the company is … Social Exchange and Actor-Network theories are used to explain the framework of this study. It utilizes your existing technology and increases value to the customer (features, design changes, etc.) The innovation process is not homogeneous, but highly variable according to industrial sector and the level of abstraction of the innovation itself. and a few of these frameworks were published by innovation management consulting companies during 2010s. Competencies and Capabilities: These were the most dominant theories that were used with the development of the “Capabilities-Driven Innovation Management Framework” (Bouwer, 2015). Some researchers developed several theories that are applicable to innovation management; therefore some named containers will have more than one theory specified within the container. The complexity of the new product and its technological level (the monograph confines the argument to product innovation) will also determine how the innovating organisation handles the innovation. A few examples are: Innosight, BCG, PwC, Kalypso, BMGI, Stage-Gate, etc. Innovation and improvement occurs in Horizon 1 on process, procedures, costs, etc. Thus, the innovation management theory categories (vertical columns) were only created after the map was completed. Note #3: This article suggests that the “jobs-to-be-done” (JTBD) theory is not only applicable to external consumers and customers, but also to internal corporate employees who also need to get a job done. Innovation management is based on a systems approach with interrelated and interacting elements and regular performance evaluation and improvements of the system. Therefore, the selection criterion for theory selection was not based on the usual quantitative value (or classic taxonomy) from publication reference (or citing) indexes, but rather on a proposed qualitative potential a theory has for industry. Similar to the concept of a mechanism where individual parts constantly interact to provide a mechanical advantage. In recent years, classic innovation management has primarily dealt with the development of technical innovations, new products and innovative product features. Market position was fiercely defended for decades and success was mostly due to high barriers of entry for new industry. Examples include adding new features to existing products or services or even removing features (value through simplification). But, innovation models then required digital metrics and measurement tools, which were researched and developed by consulting firms, academics and government organizations such as: BD Cohnsulting (Sorin, 2013), Kellogg Center for Research and Innovation (Sawhney et al., 2006), Innovation 360 (innovation360group.com) or IMP³rove European Innovation Management Academy (improve-innovation.eu). Joseph Schumpeter was a renowned economist who first coined the term. Note #1: In addition to the above-mentioned topics, the following theory paradigms (also specifically applicable to innovation management) were omitted from this article since it have been marked as secondary or supporting theory paradigms (and will be included in future follow-up articles): 2        Innovation Competencies and Capabilities. Innovation management is the subject of ISO 56000 (formerly 50500) series standards being developed by … This chapter briefly discussed various theories and models in innovation management. Each theory name container has an associated information card image which includes the following information: The initial focus started with corporate innovation management competencies and capabilities theories, which eventually expanded to other areas and other theory categories had to be identified. List of related publications with the publication year, ordered in descending order. Supporting the basic argument there are two case histories, one of a successful scientific instrument, together with reference to an unsuccessful attempt to launch it, and one of a failure with a new material, in spite of highly successful technology. This marked the beginning of the push-pull integrated innovation systems in the 1990s. - 2 - Innovation Theory and the (Re-)foundation of Management: Facing the Unknown Setting the stage for this special issue Within the management research community, the last few years have revealed a growing desire to focus The continuous design, improvement (automation and optimization), and implementation of a complex integrated innovation system will require an industrial and systems engineering approach, which focuses on the integration of interdisciplinary capabilities, processes, and tools. Innovation management seeks to enhance the competitive position of the company through the implementation of innovation. hbspt.cta.load(644390, 'bc2b3aa2-3e54-4895-b8a7-ceb28b96b3e9', {}); The focus of the theories within this paradigm focused on the possible outcomes (risk or success) a new technology may experience when introduced to the market, depending on certain causal conditions. In 2016 Jan Spruijt (founder at Innovative Dutch – Simulation Games), Machiel Wetselaar and David van Dinther created a most interesting and comprehensive list of innovation methodologies for a course they were developing. At the same time, many consulting companies also identified critical success factors that are required with the implementation of an innovation management framework. It refers to product, business process, marketing and organizational innovation. The innovation … This class of theories is the outer visual (to industry) layer of skin for the parabolic “body of theory” analogy. This changed with the introduction of the more holistic approach with Five Completive Forces and Competitive Advantage theories from Prof Michael Porter (Porter, 1979). An effective … This means, innovation management function must continuously design, develop, and improve the innovation system to be: The desired outcome from a well-managed innovation system is the development of corporate capabilities that can become a competitive advantage with the diffusion of valuable offerings to the market, that can increase growth of market size, revenue, profit margins, brand value and eventually wealth for corporate employees and shareholders in the form of remuneration and market capitalization respectively. When innovation is mentioned, it is important to recognize that one key element is people; people are the source of creativity, which is the basis for innovation. Examples of theories that evolved from within this paradigm is Value Innovation (Kim and Mauborgne, 1997) which was then followed-up with Blue Ocean Strategy (Kim and Mauborgne, 2004), “jobs-to-be-done” (JTBD) (Christensen et al., 2016b) (Christensen et al., 2005) (Ulwick and Osterwalder, 2016) (Wunker et al., 2016) (Bettencourt and Ulwick, 2008) and Outcome-Driven Innovation (Ulwick, 2005). Much research has now been done into the innovation process, and some of the leading projects and their findings are analysed. Red – Primary Contribution: These innovation management theories were considered as unique points of knowledge creation for the subject matter. Innovation management helps an organization grasp an opportunity and use it to create and introduce new ideas, processes, or products industriously. Name Containers: defining primary theories from specific researcher(s). Growth Strategy: These theories integrate systems and value innovation theories, which demonstrate the much-needed coherent alignment between strategy and capabilities required to execute an innovation system successfully. (adapted definition from IISE and INCOSE). The Uncertainty-Bearing Theory of Knight: Frank H. Knight (1957) in his book Risk, Uncertainty and … These theories can help to predict the risks and probability of success. The … Figure 3: Conceptual Innovation Ecosystem with Related Theories. Culture and Network Development –> Capabilities, System and Open Innovation. 2 Innovation Management Theory This is by no means a comprehensive list of innovation management theories that can be used to understand and explain the success of digital platforms, but the following paragraphs will elaborate on six innovation management theories … Basic Concepts of Innovation and Innovation Mgmt M.Lorenzo 2010-03-254 The categories are based on the innovation management theory paradigms that was observed from the innovation management theory evolution map, which became to be as follows: Competencies and Capabilities: These were the most dominant theories that were used with the development of the “Capabilities-Driven Innovation Management Framework” (Bouwer, 2015). Diffusion of Innovation (Strategy Execution). 8      Innovation Management Theory Evolution Map. These competencies and capabilities theories were then packaged into innovationframeworks, two examples are the Total Innovation Management (TIM) (Xu et al., 2007) (Xu et al., 2002) and the BvS Innovation (Von Stamm, 2003) Frameworks, with various variations that followed, especially from industry consulting research firms. You can join in the discussion by joining the community or logging in here.You can also find out more about Emerald Engage. InnovationManagement.se is one of the internet’s preeminent resources for innovation news and best practices, and is consistently recognized as a top-ten innovation blog globally. Open innovation is where knowledge flows inside and outside of the company … Time Stamp: first publication year of theory, spaced by horizontal Channels. Innovation Governance –> System Innovation. 330-368. https://doi.org/10.1108/eb001059. The theory characterizes five different groups of adopters. Contextual Connectors: supported by Lines and Arrows. It has not yet entered to economic system, and most inventions never do so. Andrew Robertson (School of Management Studies, Polytechnic of Central London) Management Decision. Call for papers for: Innovation & Management Review The growing importance attributed to innovation as a mechanism of economic development has generated a large body of research that aims at … With that in mind I decided to start a series of articles covering the most influential innovation management theories, laying down a comparative analysis where the insights gained from one theory can be used to fill the gaps of another. A corporate ecosystem will then be a demarcated self-maintained business unit that focuses on the many interactions between the corporate capabilities (knowledge, skills and resources) to generate a competitive advantage, brand recognition, wealth and growth as a result. Directly related to this, Geoffrey Moore identified the Chasm (Moore, 1991) that exists before the majority of early adopters will start to adopt a new technology. Corporate (in-firm) Competencies and Capabilities. Innovation, like many business functions, is a management process that requires specific tools, rules, and discipline. Theory of innovation management implementation. A good example will be the publication of Dr Alexander Osterwalder’s first book “Business Model Generation” in 2009. Innovation management is based on a systems approach with interrelated and interacting elements and regular performance evaluation and improvements of the system. The level of competition already started to change significantly in the late 1990s with the rise of hyper-competitive global industries, turbulent and dynamic markets, a fast-changing world, demanding shareholders and customers (see Table 3). •An ’innovation’is accomplished only with the first commercial transaction involving the … Digital Platform Ecosystem Transformation Innovation Manager. Even though the capabilities are represented as separate block in some order, it should continuously interact with each other. You may be able to access this content by logging in via Shibboleth, Open Athens or with your Emerald account. Articles on Management Subjects for Knowledge Revision and Updating by Management Executives ---by Dr. Narayana Rao, Professor, NITIE---2.85 Million Page Views--- Global Top Blog for Management Theory---Management for Effectiveness, Efficiency and Excellence. The time channels took the form of horizontal histograms that started with decade intervals from 1950, then with 5 year intervals from 2010 (similar concept to logarithmic scale paper) to support the explosion of innovation management theories in greater visible granularity. The digital platform theory is an extension of the open innovation ecosystem paradigm with the addition of digital platforms and digital ecosystems, therefore the naming of this paradigm as open digital innovation platform ecosystems. The innovation process is not homogeneous, but highly variable according to industrial sector and the level of abstraction of the innovation itself. Because of the close relationship of these theories, therefore naming this paradigm open innovation ecosystems. The real danger exists that corporate executives (and consultants) only read the heading and abstract of an article and then champion an inspirational campaign on a new theory, which of course then becomes a hype (Gartner’s Hype Curve) within a corporation without the systematic specific causal considerations of a theory’s limitations, specific applications, or exceptions etc. Open Digital Innovation Platform Ecosystems. The missing conditional specification was that the original research was only applicable to top-tier professional athletes and musicians. Open Digital Innovation Platform Ecosystems: These theories look specifically at identifying demarcated innovation ecosystems, inside-and-outside the corporation, and how it can be leveraged to create a competitive advantage. Each innovation management theory construct has six distinct attributes, which are the following: Each theory name container specifies the predominant theory that was initiated from a specific researcher (or group of researchers). Innovation Strategy & Realization | 12 To define a clear innovation focus requires five steps, each with a set of activities and outputs associated with it Set Objectives and targets Organize + Connect the Dots Generate Ideas Prioritize + Refine Concepts Set the Action Plans A sample of consulting firms that developed innovation maturity models are Planview (planview.com), Landgate (innovation.landgate.wa.gov.au), Imaginatik (imaginatik.com), Sopheon (sopheon.com) etc. This will make innovation management responsible to create an innovation strategy and then coherently align the multidisciplinary and multi-functional corporate capabilities to ensure that new unique solutions can get through the innovation system rapidly (speed), effectively (high acceptance rate in market) and efficiently (lean) through proper automation, optimization, coordination, collaboration, and communication across the organization. My second book, Open Business Models (2006), extends my analysis of innovation to business models, intellectual property management, and markets for innovation. The contribution classification dimension is in addition to the time and category dimensions on the Innovation Management Evolution Map. Diffusion of Innovation: The theories look at industry dynamics when a new technology is introduced into the market. It originated in communication to explain how, over time, an idea or product gains momentum and diffuses (or spreads) through a specific population or social system… (Adner et al., 2009) (Carlile and Christensen, 2005) (Christensen, 2006). Therefore, the purpose of this article is to share the Innovation Management Theory Evolution Map that was developed to guide corporate innovation managers to take note of existing fundamental innovation management theories, how it evolved through the past few decades and which theories are best suited to develop specific corporate innovation management capabilities. The next of these frameworks were published by innovation management theory can be seen in figure 2 wide of. 5: the innovation itself capabilities are represented as separate block in some instances, a theory will have! Et al., 2009 ) ( Carlile and Christensen, 2005 ) ( Christensen 2005... Were scouted, researched, and publications within an image Map was completed how why... ( IP ) management Decision, Vol Contribution classification dimension is in addition to the next high... From Deepdyve, please click the button to contact our support team )! 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