Strategic management in the innovation economy : strategy approaches and tools for dynamic innovation capabilities

Innovative ruptures of traditional boundaries in value chains are requiring companies to rethink how they go to market, what they need to own, what they need to retain and innovate as core competencies, and how they innovatively deal with suppliers and customers. The key message of the book is that the new knowledge-networked innovation economy requires a totally different strategic management mindset, approach and toolbox, and its major value-added is a new strategic management approach and toolbox for the innovation economy - a poised strategy approach. Designed for both managers and advanced business students, the book provides a unique combination of new management theory, selected managerial articles by prominent scholars such as Clayton Christensen, Henry Chesbrough, Sumantra Ghoshal, Quinn Mills, and Peter Senge, and a wide array of real-world case examples including GE, Shell, IBM, HP, BRL Hardy, P&G, Southwest Airlines and McGraw-Hill, within the dynamics of industries such as airlines, energy, telecommunications, wine & beverages, and computing. The authors illustrate powerful new strategic innovation concepts and tools, such as poised strategy for managing multiple business models, poised strategy scorecards (moving beyond the well-known balanced scorecard), the wheel of business model reinvention, and organizational rejuvenation methods. The book includes the concepts of: Poised Strategic Management, Organizational Rejuvenation, Business Models as Platform for Strategy, Poised Scorecards, Identifying Sources of Innovation in Business Ecosystems. During the past few years, the global environment has been increasingly causing revolutionary, disruptive innovation changes in traditional industries, corporations and business models. Traditional approaches to strategy are proving to be inadequate to deal with these changes, and those who want to survive and succeed in the highly competitive global economy urgently need more dynamic, innovative and holistic approaches to strategy and strategic management. The major focus of this book is to provide new strategic management approaches and tools to enable capabilities for rapid, discontinuous organizational innovation and change. For both advanced students and business managers, it presents a well-balanced combination of leading-edge theory supported by published articles of prominent scholars, and case studies & examples, all designed to substantiate a new strategic mindset, innovative tools, and practical applications for significantly increased innovative capabilities. Among the topics covered in the book are innovative business models, open-sourcing, mobile enterprise, industry-inflection, systemic strategy approaches, R & D structures outside the organization, innovation effectiveness tools, networked incubation, customer knowledge cooption, communities of new value creation, and innovative strategy leadership Cover; Strategic Management in the Innovation Economy; Foreword; Preface; Contents; I The Innovation Economy and Strategy; II The Changing Nature of Business and Challenges to Traditional Strategic Management; III A New Strategy Mindset for the Innovation Economy; IV Strategy, Business Models and Organizational Energy; V New Strategic Management Processes and Tools; VI Strategy Leadership and Management in the Innovation Economy; References; Glossary of Major Terms; Authors and Contributors.;During the past few years, the global environment has been increasingly causing revolutionary, disruptive innovation changes in traditional industries, corporations and business models. Traditional approaches to strategy are proving to be inadequate to deal with these changes, and those who want to survive and succeed in the highly competitive global economy urgently need more dynamic, innovative and holistic approaches to strategy and strategic management. The major focus of this book is to provide new strategic management approaches and tools to enable capabilities for rapid, discontinuous o. For both advanced students and business managers, this book presents a well-balanced combination of recent theory, published articles by prominent scholars, and case studies, all designed to substantiate a new strategic mindset, innovative tools, and practical applications for significantly increased innovative capabilities. This is the first book dealing comprehensively with innovation from a strategic point of view, matching the know-how of leading experts on strategy, innovation and practical business This is the first book dealing comprehensively with innovation from a strategic point of view. It presents a well-balanced combination of recent theory, articles by prominent scholars, and case studies, designed to substantiate a new strategic mindset and innovative tools. Historians of the late 20th and early 21st century are already recording the significant shift in the features of the global economy between 1980 and 2005. By Thomas H. Davenport, Marius Leibold And Sven Voelpel. Includes Bibliographical References And Index.