Radical Innovation for Sustainability: The Power of Strategy and Open Innovation. Issue 6 (December 2017)
- Record Type:
- Journal Article
- Title:
- Radical Innovation for Sustainability: The Power of Strategy and Open Innovation. Issue 6 (December 2017)
- Main Title:
- Radical Innovation for Sustainability: The Power of Strategy and Open Innovation
- Authors:
- Kennedy, Steve
Whiteman, Gail
van den Ende, Jan - Abstract:
- Abstract : Sustainability oriented innovation continues to garner increasing attention as the answer to how firms may improve environmental and/or social performance while simultaneously finding competitive advantage. Radically innovating new products and services to replace harmful market incumbents is central to this thesis, yet studies to date have found it to be a highly expensive process with high degrees of uncertainty and risk. Extant research however has largely neglected to examine the details of the actual product innovation process itself and has under appreciated the influence of corporate strategic context. Our paper addresses this gap in the literature through an in-depth case study of a sustainability oriented innovation process for a radical new product within a multinational life sciences company, DSM. Our findings identify five critical organizational practices through which strategic direction has enabled the innovation process: technology super-scouting throughout the value chain, search heuristics that favor radical sustainability solutions, integration of sustainability performance metrics in product development, championing the value chain to build demand for radical sustainability oriented product innovation, and harnessing the benefits of open innovation.
- Is Part Of:
- Long range planning. Volume 50:Issue 6(2017)
- Journal:
- Long range planning
- Issue:
- Volume 50:Issue 6(2017)
- Issue Display:
- Volume 50, Issue 6 (2017)
- Year:
- 2017
- Volume:
- 50
- Issue:
- 6
- Issue Sort Value:
- 2017-0050-0006-0000
- Page Start:
- 712
- Page End:
- 725
- Publication Date:
- 2017-12
- Subjects:
- Management -- Periodicals
Business planning -- Periodicals
Gestion -- Périodiques
Management
Periodicals
658.4012 - Journal URLs:
- http://www.sciencedirect.com/science/journal/00246301 ↗
http://www.elsevier.com/journals ↗ - DOI:
- 10.1016/j.lrp.2016.05.004 ↗
- Languages:
- English
- ISSNs:
- 0024-6301
- Deposit Type:
- Legaldeposit
- View Content:
- Available online (eLD content is only available in our Reading Rooms) ↗
- Physical Locations:
- British Library DSC - 5294.220000
British Library DSC - BLDSS-3PM
British Library STI - ELD Digital store - Ingest File:
- 5657.xml