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- W4386750247 abstract "This chapter talks about innovation, which is the successful exploitation of new ideas, and refers to the process and outcomes of how new ideas are realized in practice. It considers how innovation might feature in organizational strategy. The strategic intent of innovation activity may be to improve operating efficiency, find new sources of value creation for stakeholders, or both. The chapter explains that innovation within an industry changes the competitive landscape for rivals, customers, and suppliers. The chapter outlines the different types of innovation that can happen in an organization, such as technological innovation, organizational innovation, open innovation, platform innovation or strategic innovation. It also considers disruption: an event or trend which unsettles stable competitive or operating conditions. Disruptive innovation might arise from the activities of start-ups, existing firms, or new players entering a market from adjacent industries.” Innovation provides a means for organizations to cope with the ‘creative destruction’ of the cumulative effects of innovation occurring in its context, and to find new ways to increase the performance of its resource base." @default.
- W4386750247 created "2023-09-15" @default.
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- W4386750247 date "2023-03-27" @default.
- W4386750247 modified "2023-09-26" @default.
- W4386750247 title "Innovation, Disruption, and Digitalization" @default.
- W4386750247 doi "https://doi.org/10.1093/hebz/9780192845399.003.0015" @default.
- W4386750247 hasPublicationYear "2023" @default.
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