Abstract
The question of strategic management of innovation is one that consultants deal with, as innovation is the prime concern of a company’s strategy; an innovative offering, a more efficient manufacturing process or a different way of organising internal and external operations may generate a distinctive competitive advantage and support company growth. However, when a company innovates, it embarks on a complex process that affects every part of the organisation and all aspects of operations. The process is even more complex, since the company’s innovation behaviour has to fit its strategic choices. Indeed, the competences required to explore new directions and achieve innovation may be different from those that allow the long-term exploitation of innovation’s benefits.
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Further Reading
On the Relationship Between Strategy and Innovation
Chereau Philippe, “Strategic Management of Innovation in Manufacturing SMEs: Exploring the Predictive Validity of Strategy-Innovation Relationship”, International Journal of Innovation Management, vol. 19, no 1, 2015, p. 1–37.
King Andrew A. and Baatartogokh Baljir, “How Useful Is the Theory of Disruptive Innovation?”, MIT Sloan Management Review, vol. 57, no 1, 2015, p. 76–90.
Vaona Andrea and Pianta Mario, “Firm Size and Innovation in European Manufacturing”, Small Business Economics, vol. 30, no 3, 2008, p. 283–299.
Zahra Shaker A. and Covin Jeffrey G., “The Financial Implications of Fit Between Competitive Strategy and Innovation Types And Sources”, The Journal of High Technology Management Research, vol. 5, no 2, 1994, p. 183–211.
On Innovation Management
Dodgson Mark, Gann David M. and Phillips Nelson, The Oxford Handbook of Innovation Management, Oxford University Press, Oxford, 2014.
Lichtenthaler Ulrich and Lichtenthaler Eckhard, “A Capability-Based Framework for Open Innovation: Complementing Absorptive Capacity”, Journal of Management Studies, vol. 46, no 8, 2009, p. 1315–1338.
Tidd Joe, Bessant John and Pavitt Keith K., Managing Innovation, John Wiley & Sons, New York, 3rd ed., 2005.
Vian Dominique, ISMA 360® – La Boussole de l’entrepreneur innovateur, De Boeck, Bruxelles, 2013.
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Chereau, P., Meschi, PX. (2018). Combining Strategy and Innovation. In: Strategic Consulting. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-64422-6_6
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