Entrepreneurship and Innovation pp 265-310 | Cite as
Disruptive Innovation and the Commercialisation of Technology
Chapter
First Online:
- 2k Downloads
Abstract
This chapter examines the role of innovation as a key economic driver and the nature of radical or disruptive innovations as a major source of new technological products and processes. It examines the theory and practice of strategic management of innovation, and the generation of innovation value through the adoption of a Blue Ocean strategy. The chapter also provides an overview of new product development processes such as Stage-Gate® and Lean Start-Up, plus the process of assessing innovation rent.
References
- Adams, R., Bessant, J., & Phelps, R. (2006). Innovation management measurement: A review. International Journal of Management Reviews, 8(1), 21–47.CrossRefGoogle Scholar
- Akao, Y., & Mazur, G. H. (2003). The leading edge in QFD: Past, present and future. The International Journal of Quality & Reliability Management, 20(1), 20–35.CrossRefGoogle Scholar
- Akgun, A. E., Lynn, G. S., & Byrne, J. C. (2004). Taking the guess work out of new product development: How successful high-tech companies get that way. Journal of Business Strategy, 25(4), 41–46.CrossRefGoogle Scholar
- Amit, R., & Schoemaker, P. J. H. (1993). Strategic assets and organisational rent. Strategic Management Journal, 14(1), 33–46.CrossRefGoogle Scholar
- Ansoff, H. I. (1987). Strategic management of technology. The Journal of Business Strategy., 7, 28–39.CrossRefGoogle Scholar
- Autio, E., & Lumme, A. (1998). Does the innovator role affect the perceived potential for growth? Analysis of four types of new, technology-based firms. Technology Analysis & Strategic Management, 10(1), 41–45.CrossRefGoogle Scholar
- Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 17(1), 99–120.CrossRefGoogle Scholar
- Bower, J. L., & Christensen, C. M. (1995). Disruptive technologies: Catching the wave. Harvard Business Review, 73(1), 43–54.Google Scholar
- Brandenburger, A., & Nalebuff, B. (1995). The right game: Use game theory to shape strategy. Harvard Business Review, 73(4), 57–71.Google Scholar
- Christensen, C. M., Johnson, M. W., & Rigby, D. K. (2002). Foundations for growth. MIT Sloan Management Review, 43(3), 22–31.Google Scholar
- Cooper, R. G. (2006). Formula for success in new product development. Marketing Management, 15(2), 18–24.Google Scholar
- Cooper, R. G. (2008). The stage-gate idea-to-launch process update, what’s new and NextGen systems. Journal of Product Innovation Management, 25(3), 213–232.CrossRefGoogle Scholar
- Cooper, R. G., & Edgett, S. J. (2005). Lean, rapid and profitable new product development. Ancaster: Product Development Institute Inc.Google Scholar
- Cooper, R. G., & Edgett, S. J. (2009). Product innovation and technology strategy. Hamilton: Product Development Institute Inc.Google Scholar
- Cooper, R. G., & Kleinschmidt, E. J. (1993). Screening new products for potential winners. Long Range Planning, 26(6), 74–81.CrossRefGoogle Scholar
- Cooper, A. C., & Schendel, D. (1976). Strategic responses to technological threats. Business Horizons, 19(1), 61–69.CrossRefGoogle Scholar
- Cooper, R. G., Edgett, S. J., & Kleinschmidt, E. J. (2004a). Benchmarking best NPD practices – I. Research Technology Management, 47(1), 31–43.CrossRefGoogle Scholar
- Cooper, R. G., Edgett, S. J., & Kleinschmidt, E. J. (2004b). Benchmarking best NPD practices – II. Research Technology Management, 47(3), 50–59.CrossRefGoogle Scholar
- Cooper, R. G., Edgett, S. J., & Kleinschmidt, E. J. (2004c). Benchmarking best NPD practices – III. Research Technology Management, 47(6), 43–55.CrossRefGoogle Scholar
- Crosby, M. (2000). Patents, innovation and growth. Economic Record, 76(234), 255–262.CrossRefGoogle Scholar
- Deloitte. (2018). The future of mining in Africa: Navigating a revolution. www2.deloitte.com Deloitte Touche Tohmatsu.
- Dernis, H., & Khan, M. (2004). Triadic patent families methodology (OECD Science and Technology Working Papers 2004/2). Paris: OECD Publishing.Google Scholar
- Frambach, R. T., & Schillewaert, N. (2002). Organisational innovation adoption: A multi-level framework of determinants and opportunities for future research. Journal of Business Research, 55(2), 163–176.CrossRefGoogle Scholar
- Gopalakrishnan, S., & Damanpour, F. (1997). A review of innovation research in economics, sociology and technology management. Omega International Journal of Management Science, 25(1), 15–28.CrossRefGoogle Scholar
- Hirsch-Kreinsen, H., Jacobson, D., & Robertson, P. L. (2006). ‘Low-tech’ industries: Innovativeness and development perspectives—a summary of a European research project. Prometheus, 24(1), 3–21.CrossRefGoogle Scholar
- Huang, X., Soutar, G. N., & Brown, A. (2002). New product development processes in small- to medium-sized enterprises: Some Australian evidence. Journal of Small Business Management, 40(1), 27–42.CrossRefGoogle Scholar
- ISR. (2001). From invention to investment: Pathways to commercialisation for emerging technologies. Canberra: Competitive Australia, Industry Science and Resources.Google Scholar
- Kagermann, H., Wahlster, W., & Helbig, J. (2013). Recommendations for implementing the strategic initiative INDUSTRIE 4.0. Berlin, Industrie 4.0 Working Group of Acatech.Google Scholar
- Kaplan, R., & Norton, D. (1993). Putting the balanced scorecard to work. Harvard Business Review, 71(5), 134–142.Google Scholar
- Kemp, R. G. M., Folkeringa M., de Jong, J. P. J., & Wubben, E. F. M. (2003). Innovation and firm performance. Zoetermeer, Netherlands, EIM Research Report H200207 SCALES Scientific Analysis of Entrepreneurship and SME.Google Scholar
- Kim, W. C., & Mauborgne, R. (1999). Creating new market space. Harvard Business Review, 77(1), 83–94.Google Scholar
- Kim, W. C., & Mauborgne, R. (2004). Blue Ocean strategy. Harvard Business Review, 82(10), 71–79.Google Scholar
- Kim, W. C., & Mauborgne, R. (2005). Value innovation: A leap into the blue ocean. Journal of Business Strategy, 26(4), 22–28.CrossRefGoogle Scholar
- Kodama, M. (2002). Transforming an old economy company into a new economy success: The case of NTT DoCoMo. Leadership & Organisation Development Journal, 23(1), 26–39.CrossRefGoogle Scholar
- Liao, Y., Deschamps, F., Loures, E., & Ramos, L. (2017). Past, present and future of industry 4.0 – a systematic literature review and research agenda proposal. International Journal of Production Research, 55(12), 3609–3629.CrossRefGoogle Scholar
- Liu, C. (2017). International competitiveness and the fourth industrial revolution. Entrepreneurial Business and Economics Review, 5(4), 111–133.CrossRefGoogle Scholar
- Noonan, D. (2001). Red bull’s good buzz. Newsweek Online, May 14, 2001.Google Scholar
- OECD. (2001). Oslo manual: The measurement of scientific and technological activities: Proposed guidelines for collecting and interpreting technological innovation data. Oslo: Organisation of Economic Co-operation and Development, European Union, Eurostat.Google Scholar
- OECD. (2010). Measuring innovation: A new perspective. Paris: Organisation for Economic Co-operation and Development.CrossRefGoogle Scholar
- OECD. (2014). OECD science, technology and innovation outlook 2014. Paris: Organisation for Economic Cooperation and Development.CrossRefGoogle Scholar
- OECD. (2015). OECD science, technology and industry scoreboard 2015: Innovation for growth and society. Paris: Organisation for Economic Cooperation and Development.CrossRefGoogle Scholar
- OECD. (2017). OECD science, technology and innovation outlook 2017. Paris: Organisation for Economic Cooperation and Development.CrossRefGoogle Scholar
- Ozer, M. (2004). Managing the selection process for new product ideas. Research Technology Management, 47(4), 10–11.CrossRefGoogle Scholar
- Pereira, A. C., & Romero, F. (2017). A review of the meanings and the implications of the industry 4.0 concept. Procedia Manufacturing, 13(1), 1206–1214.CrossRefGoogle Scholar
- Rogers, E. M. (1995). Diffusion of innovations. New York: The Free Press.Google Scholar
- Santi, M., Reboud, S., Gasiglia, H. & Sabouret, A. (2003). Modèle de valorisation et de protection intellectuelle des innovations des PEI. July, HEC/INP: 63.Google Scholar
- Schwab, K. (2016). The fourth industrial revolution. London: Portfolio Penguin.Google Scholar
- Schwab, K. (2018). Shaping the fourth industrial revolution. Geneva. www.weforum.org: World Economic Forum.Google Scholar
- Sethi, R., & Iqbal, Z. (2008). Stage-gate controls, learning failure, and adverse effect on novel new products. Journal of Marketing, 72(1), 118–134.CrossRefGoogle Scholar
- Shepherd, D., & Patzelt, H. (2017). Trailblazing in entrepreneurship: Creating new paths for understanding the field. Cham: Palgrave Macmillan.CrossRefGoogle Scholar
- Teece, D. J., Pisano, G., & Shuen, A. (1997). Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), 509–533.CrossRefGoogle Scholar
- Trimi, S., & Berbegal-Mirabent, J. (2012). Business model innovation in entrepreneurship. International Entrepreneurship and Management Journal, 8(4), 449–465.CrossRefGoogle Scholar
- WEF. (2017). Digital transformative initiative: Mining and metals industry. www.reports.weforum.org, World Economic Forum.
- Xu, L. D., Xu, E. L., & Li, L. (2018). Industry 4.0: State of the art and future trends. International Journal of Production Research, 56(8), 2941–2962.CrossRefGoogle Scholar
Copyright information
© Springer Nature Singapore Pte Ltd. 2020