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- W192578081 abstract "Surprisingly, an important topic such as strategic innovationis built by a thin body of literature. Nevertheless, the conceptof strategic innovation is an important topic to be reviewed. Alot of firms are dealing with highly volatile markets and haveto re-define their market strategies. Strategic innovation is aconcept that provides more insights on how firms compete inthese volatile markets and sustain or create new competitiveadvantage. This paper reviews literature on strategicinnovation and its related terms; strategic entrepreneurship,strategic change and value innovation. According to(Schlegelmilch, Diamantapoulos, & Kreuz, 2003), strategicinnovation is the most commonly used term in the literaturefor applying innovation to corporate strategy. The authorsargue that the other closely related terms, despite the varietyof terms and definitions, there are key commonalities in theliterature, including the fundamental questioning of mentalmodels and tacit rules (Geroski, 1998); (Gilad, 1994); (Hamel,1996); (Hamel, 1998b); (Johne, 1992); (Kim & Mauborgne,1999b); (Lynn, Morone, & Paulson , 1996); (Markides C. ,1997); (Markides C. , 1998); (Martinsons, 1993), theestablishment of growth-visioning and creative processes toformulating strategy (Hamel, 1996); (Hamel, 1998b); (Kim &Mauborgne, 1999b) (Krinsky & Jenkins, 1997); (Martinsons,1993), the redefinition of market space and industryboundaries (Hamel, 1996); (Johne, 1992); (Kim & Mauborgne,1999a); (Kim & Mauborgne, 1999b), and the achievement ofdramatic value for customers and high growth for companies(Krinsky & Jenkins, 1997); (Markides C. , 1999); (Seurat, 1999).Even though the quantity of literature is yet thin, it isimportant to review this concept at an early stage to bundlethe findings and steer future research in the right direction.This systematic literature review of 137 reviewed articlesproposes critiques and identifies two typologies of strategicinnovation (incremental and disruptive strategic innovation)and proposes a theoretical framework of the drivers ofstrategic innovation and can function as a map of strategicinnovation and its related concepts. From the reviewedliterature, it was found that the main drivers of strategicinnovation are entrepreneurial leadership, diversified TopManagement Teams and deliberate learning mechanisms, sothat high growth can be achieved through value pioneeringand not only by technology pioneering (Lindic, Bavdaz, &Kovacic, 2012)." @default.
- W192578081 created "2016-06-24" @default.
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- W192578081 date "2013-01-01" @default.
- W192578081 modified "2023-09-26" @default.
- W192578081 title "Strategic innovation : a review and a theoretical framework" @default.
- W192578081 hasPublicationYear "2013" @default.
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