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Summary
Summary
The first edition of Managing Innovation has become established as the leading textbook on innovation and technology management in the European market. The authors are leading international figures in their field and the new edition will include coverage of the latest, most up-to-date research on the management of innovation The aim is to provide a management text for postgraduate students of MBA and MSc courses which covers the management of technological, market and organisational innovation in a comprehensive but accessible manner. Each of the chapters draws on the latest research to develop frameworks for students to understand and apply the material, and includes brief case studies to illustrate key themes.
Author Notes
JOE TIDD is Professor of Technology and Innovation Management at Science and Technology Policy Research (SPRU) University of Science
JOHN BESSANT is Professor of Technology Management at the Centre for Research in Innovation Management (CENTRIM) at Brighton Business School, University of Brighton
KEITH PAVITT is RM Phillips Professsor of Science and Technology Policy Studies at the Science and Technology Policy Research (SPRU), University of Sussex.
Table of Contents
| Preface | p. xi |
| About the authors | p. xiv |
| Part I Managing for Innovation | |
| 1 Key Issues in Innovation Management | p. 3 |
| 1.1 Innovation and Competitive Advantage | p. 4 |
| 1.2 Types of Innovation | p. 6 |
| 1.3 Riding Two Horses--the Innovator's Dilemma | p. 14 |
| 1.4 Innovation Is Not Easy | p. 15 |
| 1.5 ...But It Is Imperative | p. 17 |
| 1.6 How to Innovate? | p. 18 |
| 1.7 New Challenges, Same Old Responses? | p. 20 |
| 1.8 Outline of the Book | p. 30 |
| Further Reading | p. 32 |
| References | p. 34 |
| 2 Innovation as a Management Process | p. 37 |
| 2.1 Innovation as a Core Business Process | p. 39 |
| 2.2 Evolving Models of the Process | p. 42 |
| 2.3 Consequences of Partial Understanding of the Innovation Process | p. 43 |
| 2.4 Can We Manage Innovation? | p. 45 |
| 2.5 Successful Innovation and Successful Innovators | p. 48 |
| 2.6 What Do We Know About Successful Innovation Management? | p. 50 |
| 2.7 Blueprints for Success | p. 52 |
| 2.8 Managing Innovation | p. 59 |
| Further Reading | p. 59 |
| References | p. 60 |
| Part II Taking a Strategic Approach | |
| 3 Developing the Framework for an Innovation Strategy | p. 69 |
| 3.1 'Rationalist' or 'Incrementalist' Strategies for Innovation? | p. 69 |
| 3.2 Technology and Competitive Analysis | p. 75 |
| 3.3 Assessment of Porter's Framework | p. 77 |
| 3.4 The Dynamic Capabilities of Firms | p. 81 |
| 3.5 Innovation Strategy in Small Firms | p. 81 |
| 3.6 Summary and Further Reading | p. 82 |
| References | p. 83 |
| 4 Positions: The National and Competitive Environment | p. 85 |
| 4.1 National Systems of Innovation | p. 85 |
| 4.2 Coping with Competitors | p. 96 |
| 4.3 Appropriating the Benefits from Innovation | p. 100 |
| 4.4 Positioning of Small Firms | p. 105 |
| 4.5 Summary and Further Reading | p. 106 |
| References | p. 107 |
| 5 Paths: Exploiting Technological Trajectories | p. 111 |
| 5.1 Major Technological Trajectories | p. 112 |
| 5.2 Revolutionary Technologies: Biotechnology, Material and IT | p. 116 |
| 5.3 Developing Firm-specific Competencies | p. 120 |
| 5.4 Technological Paths in Small Firms | p. 129 |
| 5.5 Summary and Further Reading | p. 132 |
| References | p. 135 |
| 6 Processes: Integration for Strategic Learning | p. 137 |
| 6.1 Locating RandD Activities--Corporate versus Divisional | p. 138 |
| 6.2 Locating RandD Activities--Global versus Local | p. 141 |
| 6.3 Allocating Resources for Innovation | p. 145 |
| 6.4 Technology and Corporate Strategy | p. 150 |
| 6.5 Organizational Processes in Small Firms | p. 156 |
| 6.6 Summary and Further Reading | p. 156 |
| References | p. 158 |
| Part III Establishing Effective External Linkages | |
| 7 Learning from Markets | p. 163 |
| 7.1 How Do Technology and Markets Affect Commercialization? | p. 163 |
| 7.2 Differentiating Products | p. 166 |
| 7.3 Creating Architectural Products | p. 170 |
| 7.4 Marketing Technological Products | p. 176 |
| 7.5 Commercializing Complex Products | p. 181 |
| 7.6 Forecasting the Diffusion of Innovations | p. 185 |
| 7.7 Summary and Further Reading | p. 194 |
| References | p. 195 |
| 8 Learning through Alliances | p. 197 |
| 8.1 Why Collaborate? | p. 197 |
| 8.2 Forms of Collaboration | p. 202 |
| 8.3 Patterns of Collaboration | p. 217 |
| 8.4 Effect of Technology and Organization | p. 221 |
| 8.5 Managing Alliances for Learning | p. 229 |
| 8.6 Summary and Futher Reading | p. 237 |
| References | p. 238 |
| Part IV Building Effective Implementation Mechanisms | |
| 9 Managing the Internal Processes | p. 243 |
| 9.1 Enabling Scanning | p. 243 |
| 9.2 Enabling Strategy-making | p. 246 |
| 9.3 Enabling Effective Resource Provision | p. 250 |
| 9.4 Enabling Implementaion | p. 254 |
| 9.5 Applying the Approach to Process Innovation | p. 264 |
| 9.6 Enabling Learning | p. 269 |
| Further Reading | p. 272 |
| References | p. 273 |
| 10 Learning through Corporate Ventures | p. 279 |
| 10.1 What Is a Corporate Venture? | p. 279 |
| 10.2 Reasons for Corporate Venturing | p. 282 |
| 10.3 Managing Corporate Ventures | p. 287 |
| 10.4 Structures for Corporate Ventures | p. 297 |
| 10.5 Learning through Internal Ventures | p. 304 |
| 10.6 Summary and Further Reading | p. 308 |
| References | p. 308 |
| Part V Creating the Innovative Organization | |
| 11 Building the Innovative Organization | p. 313 |
| 11.1 Shared Vision Leadership and the Will to Innovate | p. 315 |
| 11.2 Appropriate Organization Structure | p. 317 |
| 11.3 Key Individuals | p. 325 |
| 11.4 Stretching Training and Development | p. 328 |
| 11.5 High Involvement in Innovation | p. 329 |
| 11.6 Effective Teamworking | p. 334 |
| 11.7 Creative Climate | p. 336 |
| 11.8 External Focus | p. 338 |
| 11.9 Extensive Communication | p. 338 |
| 11.10 The Learning Organization | p. 339 |
| 11.11 Organizational Innovation | p. 340 |
| Further Reading | p. 342 |
| References | p. 343 |
| 12 Creating Innovative New Firms | p. 349 |
| 12.1 Sources of New Technology-based Firms | p. 349 |
| 12.2 University Incubators | p. 351 |
| 12.3 Profile of a Technical Entrepreneur | p. 353 |
| 12.4 The Business Plan | p. 358 |
| 12.5 Growth and Performance of Innovative Small Firms | p. 364 |
| 12.6 Summary and Further Reading | p. 368 |
| References | p. 369 |
| Part VI Assessing and Improving Innovation Management Performance | |
| 13 An Integrative Approach to Innovation Management | p. 373 |
| 13.1 Key Themes | p. 373 |
| 13.2 Learning to Manage Innovation | p. 374 |
| 13.3 Measuring Success | p. 376 |
| 13.4 Auditing Innovation Management | p. 377 |
| 13.5 What Kind of Innovator Is Your Organization? | p. 381 |
| References | p. 381 |
| Index | p. 383 |