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Navigating the Nexus: Challenges and Success Factors in Early Stage Multi-Stakeholder Innovation Projects

Hedelin, Carl LU and Jansson Isgren, William LU (2024) BUSN09 20241
Department of Business Administration
Abstract
The aim of this study is to critically examine the strategic challenges in an early-stage multi-stakeholder innovation project, which has the aim to develop a novel solution. A qualitative single case study consisting of seven semi-structured interviews were conducted to identify strategic challenges as well as key success factors. Furthermore, an abductive approach was adopted in order to elaborate on previous literature. Finally, the collected data was analyzed by utilizing thematic analysis. Challenges identified were establishing a common vision, progressing without a clear target customer in mind, slow progression due to not being able to enforce deadlines and balancing between the commercial interest and social benefit. Key success... (More)
The aim of this study is to critically examine the strategic challenges in an early-stage multi-stakeholder innovation project, which has the aim to develop a novel solution. A qualitative single case study consisting of seven semi-structured interviews were conducted to identify strategic challenges as well as key success factors. Furthermore, an abductive approach was adopted in order to elaborate on previous literature. Finally, the collected data was analyzed by utilizing thematic analysis. Challenges identified were establishing a common vision, progressing without a clear target customer in mind, slow progression due to not being able to enforce deadlines and balancing between the commercial interest and social benefit. Key success factors observed were commitment, collaboration and communication between the stakeholders, as well as having a diverse set of stakeholders involved to spur the creativity needed to innovate. (Less)
Please use this url to cite or link to this publication:
author
Hedelin, Carl LU and Jansson Isgren, William LU
supervisor
organization
course
BUSN09 20241
year
type
H1 - Master's Degree (One Year)
subject
keywords
Multi-stakeholder, Innovation, Open Innovation, Innovation Management, Collaboration, Stakeholder Management, Early-Stage Innovation Project, Radical Innovation, Strategic Challenges, Key Success Factors.
language
English
id
9167789
date added to LUP
2024-06-25 16:14:40
date last changed
2024-06-25 16:14:40
@misc{9167789,
  abstract     = {{The aim of this study is to critically examine the strategic challenges in an early-stage multi-stakeholder innovation project, which has the aim to develop a novel solution. A qualitative single case study consisting of seven semi-structured interviews were conducted to identify strategic challenges as well as key success factors. Furthermore, an abductive approach was adopted in order to elaborate on previous literature. Finally, the collected data was analyzed by utilizing thematic analysis. Challenges identified were establishing a common vision, progressing without a clear target customer in mind, slow progression due to not being able to enforce deadlines and balancing between the commercial interest and social benefit. Key success factors observed were commitment, collaboration and communication between the stakeholders, as well as having a diverse set of stakeholders involved to spur the creativity needed to innovate.}},
  author       = {{Hedelin, Carl and Jansson Isgren, William}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Navigating the Nexus: Challenges and Success Factors in Early Stage Multi-Stakeholder Innovation Projects}},
  year         = {{2024}},
}