Radical Innovation from the Confluence of Technologies: Innovation Management Strategies for the Emerging Nanobiotechnology Industry

Journal of Engineering and Technology Management (JET-M), 32, 2014, 1-25

25 Pages Posted: 24 May 2015

See all articles by Elicia Maine

Elicia Maine

Simon Fraser University (SFU) - Management of Technology; Simon Fraser University - Policy Analysis

V.J. Thomas

Simon Fraser University (SFU) - Beedie School of Business

James Utterback

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Multiple version iconThere are 2 versions of this paper

Date Written: June 1, 2014

Abstract

We investigate how the confluence of technologies can lead to radical innovation, thus creating opportunities at the firm and industry levels. To do so, we conduct a detailed examination of the development of the transistor and of two nanobiotechnology drugs – Doxil® and Zevalin® – from an innovation management perspective. We argue that three innovation management strategies are central to the development of radical innovation from the confluence of technologies, namely: importing ideas from broad networks, creating environments which allow for deep collaboration, and technology-market matching.

Keywords: innovation, radical innovation, opportunity creation, nanobiotechnology, technology-market matching, confluence of technologies, biomedical, innovation management, interdisciplinary

JEL Classification: O32, O31, O38, O30, M13, D80, L20, L65

Suggested Citation

Maine, Elicia M.A. and Thomas, V.J. and Utterback, James M., Radical Innovation from the Confluence of Technologies: Innovation Management Strategies for the Emerging Nanobiotechnology Industry (June 1, 2014). Journal of Engineering and Technology Management (JET-M), 32, 2014, 1-25 , Available at SSRN: https://ssrn.com/abstract=2609561

Elicia M.A. Maine (Contact Author)

Simon Fraser University (SFU) - Management of Technology ( email )

Segal Graduate School of Business
500 Granville Street
Vancouver, BC V6C 1W6
Canada

HOME PAGE: http://motresearch.bus.sfu.ca/index.shtml

Simon Fraser University - Policy Analysis ( email )

Burnaby, British Columbia V5A 1S6
Canada

V.J. Thomas

Simon Fraser University (SFU) - Beedie School of Business ( email )

8888 University Drive
Burnaby, British Colombia V5A 1S6
Canada

James M. Utterback

Massachusetts Institute of Technology (MIT) - Sloan School of Management ( email )

E52-541
Cambridge, MA 02142
United States
617-253-2661 (Phone)
617-253-2660 (Fax)

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