Innovation Management in Emerging Technology Ventures - The Concept of an Integrated Idea Management

International Journal of Technology, Policy and Management, Vol. 7, No. 3, pp. 304-321, 2007

Posted: 1 Nov 2007 Last revised: 3 Sep 2013

See all articles by Alexander Brem

Alexander Brem

Mads Clausen Institute; University of Erlangen-Nuremberg-Friedrich Alexander Universität Erlangen Nürnberg - School of Business & Economics

Kai-Ingo Voigt

University of Erlangen-Nuremberg

Abstract

For decades, suggestion systems have been used to include employees in the innovation process. However, in order to gather superior ideas, integrating external stakeholders is critical to the innovation success. Within this paper, the authors derive a sophisticated model of an integrated idea management, which is examined with an explorative analysis. The results confirm the relevance of an integrated idea management, particularly the clear tendency towards an integration of external groups. Basically, this integration occurs directly through individual functional divisions such as purchasing, development and sales. Here especially, differentiating potentials are offered for emerging technology ventures. But it is important that idea and innovation management are integrated during the building-up stage while internal and external network structures are still manageable and often consist of the managers' and founders' personal contacts. Hence, the earlier an integrated idea management is implemented, the greater is the probability of high numbers of successful innovations.

Keywords: integrated idea management, strategic innovation management, suggestion system, emerging technology ventures

JEL Classification: O32, M13

Suggested Citation

Brem, Alexander and Voigt, Kai-Ingo, Innovation Management in Emerging Technology Ventures - The Concept of an Integrated Idea Management. International Journal of Technology, Policy and Management, Vol. 7, No. 3, pp. 304-321, 2007. Available at SSRN: https://ssrn.com/abstract=1025444

Alexander Brem (Contact Author)

Mads Clausen Institute ( email )

Alsion 2
Sønderborg, 6400
Denmark
004565509246 (Phone)

HOME PAGE: http://www.sdu.dk/mci

University of Erlangen-Nuremberg-Friedrich Alexander Universität Erlangen Nürnberg - School of Business & Economics ( email )

Nuremberg
Germany

HOME PAGE: http://www.tm.rw.fau.eu

Kai-Ingo Voigt

University of Erlangen-Nuremberg ( email )

Schloßplatz 4
Erlangen, Bavaria 91054
Germany

HOME PAGE: http://www.industriebetriebslehre.de

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