Big Picture - The Graz Innovation Model
Big Picture - The Graz Innovation Model, 2020 ISBN 978-3-902819-77-2
163 Pages Posted: 11 May 2017 Last revised: 17 Mar 2020
Date Written: May 1, 2017
The German version of this paper can be found at https://ssrn.com/abstract=2929258
SECOND, COMPLETELY REVISED EDITION
Innovation is an omnipresent topic nowadays. Many companies and organizations have become aware of the need to innovate in order to compete. The existing innovation models, however, do not anchor innovation management as deeply in the company strategy as would be necessary for operating entrepreneurially and for exploiting the potential of all fields of innovation. Besides, these models are often out of touch with reality and cover the innovation process only partially. The innovation model BIG Picture™ is a holistic, strategy-oriented and cyclical model, which serves as an innovation engine, particularly suitable for small and medium-sized businesses. It facilitates the understanding of innovation which is otherwise often perceived as complex and yet, does not omit essential and detailed aspects as strategy integration, innovation classes (from incremental to radical), operational processes and decision points. It was developed by the principles of design science and is based on our experiences with innovation consulting in practice as well as our scientific analysis of existing innovation models.
BIG Picture guides companies pragmatically and efficiently through all stages of their innovation work defining and coordinating workflow, documentation, timings, responsibilities, decision criteria and decision points.
Note: The Model Is Available as a Complete Image on the Last Page of the Document. When Reading the Book, You Should Have the Printed Version of This Supplement Beside You!
Keywords: Innovation Model, Innovation Strategy, Innovation Process
JEL Classification: O31, O32
Suggested Citation: Suggested Citation