Management System for Strategic Innovation: Building Dynamic Capabilities View of the Firm

Strategic innovation is a dynamic view of strategy that enables a corporation to maintain its competitive advantage and establish sustainable growth. This book presents a holistic theoretical model, The Strategic Innovation System, and the "Capabilities Building Map" to help companies achieve strategic innovation. It evaluates management systems that achieve sustainable strategic innovation by utilizing knowledge assets inside and outside of organizations, including those of leaders.

Format: Hardback
Length: 212 pages
Publication date: 04 August 2023
Publisher: Taylor & Francis Ltd

Strategic innovation plays a pivotal role in driving strategic positioning and sustainable growth for corporations. By introducing new products, services, and business models, it enables organizations to maintain their competitive advantage and foster continuous improvement. This dynamic perspective on strategy empowers companies to navigate the ever-evolving business landscape and adapt to changing market conditions.

To thrive in this competitive environment, corporations must embrace the role of innovators. They must continuously reinforce their existing positions through incremental innovation, while also exploring radical innovations that disrupt and transform their industries. This book presents a comprehensive theoretical model, the Strategic Innovation System, which encompasses a range of capabilities for companies to achieve strategic innovation.

Within the Strategic Innovation System, this book focuses on the concept of the "Capabilities Building Map." This map represents a framework of four distinct capabilities that align with the elements of speed of changes and uncertainty in the environment faced by companies. It delves into how companies can adapt and evolve their capabilities to foster strategic innovation, drawing upon the latest insights from systems, process, and dynamic capabilities perspectives.

The author evaluates management systems that achieve sustainable strategic innovation by leveraging knowledge assets within and outside of organizations, including the expertise of leaders. Rather than solely relying on the strength of will of individual leaders, the book emphasizes the importance of a collaborative and integrated approach.

This book is designed to appeal to a diverse audience, including academics, researchers, graduate students, as well as professionals in innovation and technology management, digital transformation, strategic management, and strategy planning. It offers valuable insights and practical strategies for organizations seeking to navigate the complexities of the modern business world and drive sustainable growth.

Dimension: 234 x 156 (mm)
ISBN-13: 9781032304304