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Article
Publication date: 8 May 2017

Antonio Ghezzi

This study aims to discuss how business model innovation from both incumbents and startups growingly may stem from past products, services, and approaches reinvented. This…

1316

Abstract

Purpose

This study aims to discuss how business model innovation from both incumbents and startups growingly may stem from past products, services, and approaches reinvented. This results in what is labeled theReinventing the Wheel (RTW)” innovation paradigm, where the future is seen through the lenses of the past.

Design/methodology/approach

This study is based on historical analysis of common business model innovation patterns found in a longitudinal sample of both incumbent companies and startups in the time frame 2008-2016.

Findings

The RTW paradigm unlocks business model innovation through: the reinvention of past resources and competencies; the use of digital technologies; and the centrality given to customer experience and customer journey. The resulting RTW cycle is made of five steps to follow in the attempt to make the most out of this paradigm: survey, learn, disclose, exploit, and reinvent.

Practical implications

Entrepreneurs and managers are presented with the key elements, steps, and implications of an emerging business model innovation paradigm to possibly apply in their incumbent or startup context.

Originality/value

This study presents an original approach to look at business model innovation, in a way that is complementary to alternative practices like the blue ocean strategy, big-bang disruption, and lean startup.

Details

Strategic Direction, vol. 33 no. 5
Type: Research Article
ISSN: 0258-0543

Keywords

Article
Publication date: 1 January 2013

David K. Hurst

The purpose of the paper is to present a provocative view of what Peter Drucker would be writing about today in his self‐described role as a social ecologist.

596

Abstract

Purpose

The purpose of the paper is to present a provocative view of what Peter Drucker would be writing about today in his self‐described role as a social ecologist.

Design/methodology/approach

The paper uses Drucker's qualitative framework to ask what changes that contravene conventional wisdom have already happened, whether they are relevant and meaningful and what opportunities they present.

Findings

The paper suggest that the concepts of ecological rationality and embodied cognition form the basis for a new framework to challenge the hegemony of the existing concepts of rationality based on frameworks drawn from neoclassical economics.

Practical implications

The primary implication is that an ecological framework of “both … and” is needed to embrace and contain the “either/or” of economics. This will sweep the liberal and fine arts back into management, render the concept and role of power in organizations discussable and place ethics, prudence and judgement at the centre of the management challenge.

Originality/value

The paper presents a provocative perspective that, if valid, with be extremely disruptive of the current Western management paradigm.

Details

Management Research Review, vol. 36 no. 8
Type: Research Article
ISSN: 2040-8269

Keywords

Article
Publication date: 9 May 2008

Greg G. Wang

The purpose of this paper is to analyze a new research topic, national human resource development (NHRD) for neglected but critical components of economics foundation and…

2057

Abstract

Purpose

The purpose of this paper is to analyze a new research topic, national human resource development (NHRD) for neglected but critical components of economics foundation and accumulated international development research and practices.

Design/methodology/approach

Through a targeted literature review on NHRD writing, major development economics theory, and international development literatures, this study conducted a critical content analysis.

Findings

The findings in the paper are: current research on NHRD has not advanced our knowledge in economic development, human development, and human resource development under different cultural contexts; the HRD concept used by economists means human development (HD), the domain of HRD should not be extended to HD and HRD scholars should understand the different meaning of the same terms used in different fields determined by the contextual and historical background of the field; NHRD should be renamed as HRD national policy studies, and should be firmly based on economic foundation and incorporating accumulated knowledge in international development. Otherwise, the idea of NHRD is to reinvent the wheel with much less scholarly rigor.

Research limitations/implications

HRD research should be firmly based on its theoretical foundations and accumulated knowledge in other related areas. HRD should not define itself by a concept defined by another field, even with the same wording.

Practical implications

As HRD national policy studies, HRD professionals may contribute economic development by analyzing HRD‐related policy implementation and propose policy recommendations by working with existing development communities.

Originality/value

This paper is important for HRD scholars to explore a new research and practice frontier. It calls attention to properly positioning HRD's role in national economic development and clarifies some misunderstandings in the NHRD literature.

Details

Journal of European Industrial Training, vol. 32 no. 4
Type: Research Article
ISSN: 0309-0590

Keywords

Article
Publication date: 16 November 2020

Maayan Nakash and Dan Bouhnik

This study aims to identify the risks associated with the lack of optimal knowledge management (KM) in knowledge-intensive organizations and delves into understanding…

Abstract

Purpose

This study aims to identify the risks associated with the lack of optimal knowledge management (KM) in knowledge-intensive organizations and delves into understanding their severity. In doing so, the authors explored the significance attributed to these issues by international KM experts.

Design/methodology/approach

A case method was chosen. The study began with semi-structured in-depth interviews and continued with focus groups as part of the qualitative research paradigm. The data was analyzed using a thematic analysis method, based on the grounded theory approach.

Findings

The findings provide empirical evidence for a set of risks faced by organizations in a reality where organizational knowledge is managed poorly. The study finds that, in the experts’ view, the risks associated with knowledge constitute a clear catalyst for initiating and investing efforts to manage organizational knowledge. In addition, their severity is usually understood only after the occurrence of a business or organizational crisis related to knowledge.

Originality/value

This pioneering research contributes to empirical knowledge through an unexplored scientific field. The uniqueness of this research is also reflected in the voices of KM professionals. The authors extended the literature on knowledge risks, taking a broad perspective of a variety of organizations from different sectors. In doing so, the study also contributes to a more comprehensive understanding of KM. The study has implications on the practical level in view of deepening the understanding of the severity of the risk in the absence of optimal KM in knowledge-intensive organizations.

Details

VINE Journal of Information and Knowledge Management Systems, vol. 52 no. 1
Type: Research Article
ISSN: 2059-5891

Keywords

Article
Publication date: 16 May 2016

Antonio Ghezzi, Raffaello Balocco and Andrea Rangone

This study aims to recognize the growing importance of Open Innovation (OI) theory and practice in the broader fields of Management and Information Systems, and focuse on…

1208

Abstract

Purpose

This study aims to recognize the growing importance of Open Innovation (OI) theory and practice in the broader fields of Management and Information Systems, and focuse on the relationship existing between OI and a firm’s Business Strategy. Hence, the study aims at investigating the multifaceted OI – Strategy nexus at a business level, assessing how OI initiatives influence Strategy within the Mobile Telecommunications Industry and thus contributing to framing and classifying such inherent relationship.

Design/methodology/approach

A data-driven research approach is used, based on 45 qualitative interviews on firms operating in the Mobile Industry and involved in OI initiatives.

Findings

Six cross-themes the OI–Strategy relationship in the Mobile Industry revolves around are identified, i.e. OI and Competitive Advantage; OI and Strategic Positioning; OI and Business Models; OI in Networks; OI and Co-opetition; and OI and Resilient Business Advantages. For each theme, examples from the sample of interviewed Mobile firms are organized and reported. The key managerial issues emerging in the attempt to relate OI initiatives and the firm’s overarching Strategy are also underscored and organized in three streams, namely, designing an open business model; achieving competitive advantage through value capture; and nurturing OI as a dynamic capability.

Originality/value

The proposed reorganization of real-world OI and strategic initiatives in the Mobile Industry, together with the underscoring of key managerial issues, constitutes a comprehensive research agenda or roadmap, with value for both academics and practitioners.

Article
Publication date: 12 March 2018

Jari Roy Lee Kaivo-oja and Iris Theresa Lauraeus

Under current market conditions of corporate foresight, turbulence is a key element of the business landscape. Turbulence can be summarised using the trendy managerial…

4306

Abstract

Purpose

Under current market conditions of corporate foresight, turbulence is a key element of the business landscape. Turbulence can be summarised using the trendy managerial acronym “VUCA”: volatility, uncertainty, complexity and ambiguity. This paper aims to combine, for the first time, scientific discussion of technological disruption with the VUCA approach. Gartner Hype Cycle is used as a case example of technological turbulence and “vucability”.

Design/methodology/approach

First, the authors present the key concepts of technological disruption and radical innovation. Both these concepts are highly relevant for modern corporate foresight. Second, the authors discuss the key elements of current technological transformation and summarise it to create a bigger picture. Third, the authors link this discussion to the VUCA approach. Fourth, the authors present the new corporate foresight framework, which is highly relevant for corporations and takes current technological transformation more seriously than previous proposals, which expect more stable business and a technological landscape.

Findings

Key issues in modern VUCA management are agility (response to volatility), information and knowledge management (response to uncertainty), restructuring (response to complexity) and experimentation (response to ambiguity). Useful foresight tools are challenging tools, decision-making tools, aligning tools, learning tools and the ability to combine these management tools in the practices of corporate foresight and management systems. The VUCA approach is a key solution concept to technological disruption.

Practical implications

The authors present the new corporate foresight framework and management tool based on foresight, which help leaders to manage VUCA – especially under the conditions of hyper-competition and technological disruption.

Originality/value

Corporate leaders should reinvent the strategic planning framework and adjust it to the VUCA conditions and simply be more strategic. Traps and typical failures of foresight are adopting it too early, giving up too soon, adapting too late and hanging on too long. In particular, technological transformation with disruptive technologies is changing and challenging many basic assumptions of business management and strategic planning. Our comparative analysis with Gartner Hype Cycle (fast technological changes from 2008 to 2016) verifies this important aspect of technological disruption.

Abstract

Details

Ideators
Type: Book
ISBN: 978-1-80262-830-2

Article
Publication date: 20 November 2009

Andy Penaluna and Kathryn Penaluna

The aim of this paper is to respond to the acknowledged dearth of academic discourse on assessment strategies for entrepreneurship education. Using established approaches…

1802

Abstract

Purpose

The aim of this paper is to respond to the acknowledged dearth of academic discourse on assessment strategies for entrepreneurship education. Using established approaches from design education as its fulcrum, it proposes a generic framework for assessment of “creativity” in an entrepreneurial context.

Design/methodology/approach

This primarily constructivist investigation is considered in the context of recent UK discussions, empirical evidence, literature reviews and government policies. It includes the UK's Quality Assurance Agency – Benchmark Statement for the UK's creative industries and maps the approaches onto entrepreneurship education.

Findings

As assessment of ideas generation, innovation and opportunity recognition are, “Central to developing and learning entrepreneurial behaviours”. There are clear parallels between the pedagogic approaches from “design” disciplines and the learning outcomes advocated in generic curriculum development “for” entrepreneurship.

Research limitations/implications

Business school approaches and their associated challenges dominate the entrepreneurship research agenda. Interdisciplinary research, in particular collaborations between the Business and the Creative disciplines, offers opportunities for constructive alignment.

Practical implications

With no intention of “reinventing the wheel”, more adapting and refining it, the paper's primary intention is to offer a springboard of thought from which creative capacity in enterprise education might be enhanced and assessed.

Originality/value

This paper contributes to the ongoing debate surrounding issues of assessment and offers insights into established approaches that have evolved beyond the traditional enterprise education environment, one where credit‐bearing curricula have managed and assessed the creative process effectively.

Details

Education + Training, vol. 51 no. 8/9
Type: Research Article
ISSN: 0040-0912

Keywords

Article
Publication date: 24 February 2012

Anton Kriz and David Cunneen

China has been exceptionally competent at utilising the technology of others but the ability to develop its own is yet to be tested. The purpose of this paper is to…

Abstract

Purpose

China has been exceptionally competent at utilising the technology of others but the ability to develop its own is yet to be tested. The purpose of this paper is to investigate China's capacity for nurturing radical technology. For China to recapture its earlier technological prowess it will need a creative class. The paper proposes eight stepping stones for China to move from its current situation to a position where creativity and radical technology re‐emerge.

Design/methodology/approach

This is a conceptual paper that investigates options for China using a historical and trans‐disciplinary review.

Findings

Radical technology was a major strength for China prior to the 1500s. This paper suggests that China's subsequent demise in the technology stakes came from a combination of factors including regressive policies and the West finding a new politico‐economic model around science and technology. In total, eight stepping stones for Chinese institutional reform around creativity and radical technology are proposed.

Practical implications

Chinese businesses need to go much further than cost innovations and incremental additions to seriously challenge the creative capacity of their Western counterparts. This paper offers important insights for Chinese policy makers as they embark on innovation advancement in a highly competitive international business environment.

Social implications

Fostering radical technology is a challenge for any society. Developing this aspect of Chinese society is a critical element for China and its policy makers as they progress to the next phase of economic growth.

Originality/value

The paper shows that identifying systemic issues for China's radical technology demise is important. Offering steps for China to increase its capacity for radical technology is equally worthy of investigation.

Details

Journal of Science and Technology Policy in China, vol. 3 no. 1
Type: Research Article
ISSN: 1758-552X

Keywords

Abstract

Details

Mastering Digital Transformation
Type: Book
ISBN: 978-1-78560-465-2

1 – 10 of 357