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Opportunities and challenges in the new innovation landscape : Implications for innovation auditing and innovation management

Frishammar, Johan ; Richtnér, Anders ; Brattström, Anna LU ; Magnusson, Mats and Björk, Jennie (2019) In European Management Journal 37(2). p.151-164
Abstract

Innovation auditing is a well-established practice used by managers to identify strengths and weaknesses in innovation. Existing audit frameworks fall short, however, because they neglect three major trends that currently transform the innovation landscape. These trends are as follows: 1) a shift from closed to more open models of innovation (“openness”), 2) a shift from providing physical products to industrial product–services (“servitization”), and 3) a shift from an analog to a highly digitalized world (“digitalization”). This article identifies new innovation practices, opportunities, and challenges that arise for manufacturing firms along these trends. The article proposes a revised innovation audit framework, which acknowledges... (More)

Innovation auditing is a well-established practice used by managers to identify strengths and weaknesses in innovation. Existing audit frameworks fall short, however, because they neglect three major trends that currently transform the innovation landscape. These trends are as follows: 1) a shift from closed to more open models of innovation (“openness”), 2) a shift from providing physical products to industrial product–services (“servitization”), and 3) a shift from an analog to a highly digitalized world (“digitalization”). This article identifies new innovation practices, opportunities, and challenges that arise for manufacturing firms along these trends. The article proposes a revised innovation audit framework, which acknowledges these trends and supports innovation management in increasingly dynamic and competitive environments.

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Please use this url to cite or link to this publication:
author
; ; ; and
organization
publishing date
type
Contribution to journal
publication status
published
subject
keywords
Digitalization, Industrial product–services, Innovation auditing, Innovation Management, Innovation measurement, Open innovation, Servitization
in
European Management Journal
volume
37
issue
2
pages
151 - 164
publisher
Elsevier
external identifiers
  • scopus:85047633937
ISSN
0263-2373
DOI
10.1016/j.emj.2018.05.002
language
English
LU publication?
yes
id
e71e057f-d9df-431b-96d7-ec59b999e054
date added to LUP
2018-06-15 14:50:39
date last changed
2022-04-25 07:30:39
@article{e71e057f-d9df-431b-96d7-ec59b999e054,
  abstract     = {{<p>Innovation auditing is a well-established practice used by managers to identify strengths and weaknesses in innovation. Existing audit frameworks fall short, however, because they neglect three major trends that currently transform the innovation landscape. These trends are as follows: 1) a shift from closed to more open models of innovation (“openness”), 2) a shift from providing physical products to industrial product–services (“servitization”), and 3) a shift from an analog to a highly digitalized world (“digitalization”). This article identifies new innovation practices, opportunities, and challenges that arise for manufacturing firms along these trends. The article proposes a revised innovation audit framework, which acknowledges these trends and supports innovation management in increasingly dynamic and competitive environments.</p>}},
  author       = {{Frishammar, Johan and Richtnér, Anders and Brattström, Anna and Magnusson, Mats and Björk, Jennie}},
  issn         = {{0263-2373}},
  keywords     = {{Digitalization; Industrial product–services; Innovation auditing; Innovation Management; Innovation measurement; Open innovation; Servitization}},
  language     = {{eng}},
  number       = {{2}},
  pages        = {{151--164}},
  publisher    = {{Elsevier}},
  series       = {{European Management Journal}},
  title        = {{Opportunities and challenges in the new innovation landscape : Implications for innovation auditing and innovation management}},
  url          = {{http://dx.doi.org/10.1016/j.emj.2018.05.002}},
  doi          = {{10.1016/j.emj.2018.05.002}},
  volume       = {{37}},
  year         = {{2019}},
}