Radical and open innovation : the challenge for established firms
Name
891337259-MIT.pdf
Description
Full printable version
Size
3.92 MB
Format
Adobe PDF
Checksum (MD5)
db454e7e88c366577e97a2d69287478d
Author(s)
Leroy, Charlotte, S.M. Massachusetts Institute of Technology
Advisor(s)
Michael A. Cusumano.
Alternative Title
Best practices in innovation centers
Date Issued
2014
Publisher
Massachusetts Institute of Technology
Abstract
Past research has shown that breakthrough innovations are often prevalent in the context of entrants rather than incumbents. There are many challenges associated with radical and open innovation initiatives for established firms. Innovation theory provides insights into one main challenge which is the definition of innovation and innovativeness itself especially with regards to its level of radicalism. The shift towards the paradigm of open innovation described by Chesbrough has made it even harder for established companies to set a strategy for managing innovation. This thesis draws on academic research as well as practitioners of innovation management recommendations to prescribe innovation strategies together with key success factors. It focuses on the case of "Innovation centers" - pockets of innovation-minded employees embedded in the larger structure. These innovation centers encompass different types of initiatives such as incubation and acceleration, rapid prototyping, identification of strategic partnerships, trend watching and ethnography. This thesis provides an illustration of innovation centers through a study of the organizational setup and challenges encountered by four innovation centers.
Description
Thesis: S.M. in Management Studies, Massachusetts Institute of Technology, Sloan School of Management, 2014.
Title as it appears in MIT commencement exercises program, June 6, 2014: Best practices in innovation centers. Cataloged from PDF version of thesis.
Includes bibliographical references (pages 37-40).
Subjects
Sloan School of Management.
MIT Department
Sloan School of Management
Terms of Use
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