Why it matters: innovation management capabilities

   Fig_1_17Megatrends such as technology disruptions, international competition and sustainability affect firms across all sectors and industries, creating new competitive and social challenges.

Fig_1_18Industries and sectors are also disrupted by new regulations, new customer needs and new technologies, forcing firms to reconsider the sustainability of their assets and activities.

Fig_1_26Small and large firms across sectors must place innovation among their strategic priorities if they do not want to suffer the fate of the dinosaurs.

Fig_1_19This implies developing innovation management capabilities to identify, select and capture the right innovation opportunities, in line with the firm’s ecosystem and strategy.


Megatrends: beyond hi-tech

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Industry and sector trends

  • (Book) Goffin, K. & Mitchell, R. (2005) “Innovation Management” Palgrave Macmillan
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Innovation as a strategic priority

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Developing innovation management capabilities

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  • (Article) O’Connor, G. C. (2008). Major innovation as a dynamic capability: A systems approach. Journal of Product Innovation Management, 25(4), 313-330.
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  • (Article) Tidd, J., & Bessant, J. (2018). Innovation management challenges: from fads to fundamentals. International Journal of Innovation Management, 1840007.
  • (Article) Van der Panne, G., Van Beers, C., & Kleinknecht, A. (2003). Success and failure of innovation: a literature review. International Journal of Innovation Management, 7(03), 309-338
  • (Article) Wang, C. L., & Ahmed, P. K. (2007). Dynamic capabilities: A review and research agenda. International Journal of Management Reviews, 9(1), 31-51.

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