|
|
|
|
||||
|
||||
Building a Radical Innovation Mechanism at Large FirmsJ Roland OrttDelft University of Technology - Faculty of Technology, Policy and Management Victor ScholtenDelft University of Technology - Faculty of Technology, Policy and Management Chintan M. ShahDelft University of Technology - Faculty of Technology, Policy and Management; Bluewater Energy Services BV August 1, 2009 RESEARCH ON INNOVATION FOR BUSINESS, Latif Al- Hakim and Chen Jin, eds., Forthcoming Abstract: Large firms are generally good at managing incremental innovations, yet they often lack the capabilities that are conducive to developing and deploying radical innovations (RI). Even though large firms recognise the importance of RI, most of them have failed to establish a mechanism, that is, a well defined organisational structure, management processes and resource allocation system that facilitates RI. Drawing on extant literature we build a research framework that explains the obstacles that large firms face with respect to developing radical innovations. We collect data among three large firms, namely Shell, Nokia and IBM, and identify the practices these firms have developed and established a radical innovation mechanism that allows them to circumvent the obstacles for tapping into RI. Following these practices we conclude with managerial implications for managers that are building a RI mechanism for their firms.
Number of Pages in PDF File: 18 Keywords: Large multinational firms, incremental innovation, radical innovation, radical innovation mechanism, corporate venturing JEL Classification: O32, M13, L1 working papers seriesDate posted: August 2, 2009Suggested CitationContact Information
|
|
||||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo8 in 0.391 seconds
