University of Oulu

Heikkinen, T., Möttönen, M., Belt, P., Härkönen, J., Haapasalo, H. (2018) Managing radical innovations in established companies. International Journal of Management Practice, 11 (4), 422-447. doi:10.1504/IJMP.2018.10014330

Managing radical innovations in established companies

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Author: Heikkinen, Tuomas1; Belt, Pekka1; Möttönen, Matti1;
Organizations: 1Industrial Engineering and Management, University of Oulu, P.O. Box 4610, FI-90014, Finland
Format: article
Version: accepted version
Access: embargoed
Persistent link: http://urn.fi/urn:nbn:fi-fe2018100837856
Language: English
Published: Inderscience, 2018
Publish Date: 2019-07-02
Description:

Abstract

Established companies need to take several aspects into account when considering the management of radical innovations and must simultaneously ensure the profitability and functioning of the existing business. The main contribution of this study lies in exploring how radical and incremental innovations are separated and managed. The paper intends to clarify how companies can evaluate ideas, organise decision-making, utilise external parties optimally, and organise innovation activities while ensuring adequate linkages to existing business processes. This study analyses the practical implementation of innovation activities in a leading telecom company with advanced practices for managing innovations. The case company has established a separate innovation unit and defined a process for radical innovations. Linkages to other existing development processes are strengthened by including key personnel from these processes in the company’s innovation process. These arrangements aid in acknowledging numerous aspects presented in the literature in conjunction with radical innovations.

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Series: International journal of management practice
ISSN: 1477-9064
ISSN-E: 1741-8143
ISSN-L: 1477-9064
Volume: 11
Issue: 4
Pages: 422 - 447
DOI: 10.1504/IJMP.2018.10014330
OADOI: https://oadoi.org/10.1504/IJMP.2018.10014330
Type of Publication: A1 Journal article – refereed
Field of Science: 222 Other engineering and technologies
Subjects:
Copyright information: © 2018 Inderscience Enterprises Ltd.