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  • 标题:Expanding Innovation Through Challenging Organization Endowments
  • 本地全文:下载
  • 作者:Steven Griggs
  • 期刊名称:Journal of Innovation Management
  • 电子版ISSN:2183-0606
  • 出版年度:2021
  • 卷号:9
  • 期号:1
  • 页码:1-24
  • DOI:10.24840/2183-0606_009.001_0003
  • 出版社:Universidade do Porto, Faculdade de Engenharia (FEUP)
  • 摘要:Radical innovation in mature or large organizations has been on the decline in recent years. Incremental innovation is the norm and few large organizations create evolutionary or radical innovative offerings. A reason for the lack of innovation in mature or large firms is based on management practices over the last several decades for pursuing sustainable competitive advantage that are affected by various biases. The resource-based view of the firm, open innovation, and design thinking are discussed, and resulting endowment effect biases are identified from literature and case studies from individual companies and industries. An innovation endowment effect framework is created to qualitatively assess strengths of various endowments. Various methodologies and processes are discussed to reduce the impact of endowment effect biases and increase radical innovation.
  • 其他摘要:Revolutionary innovation in mature or large organizations has been on the decline in recent years. Incremental innovation is the norm and few large organizations create evolutionary or revolutionary innovative offerings. A reason for the lack of innovation in mature or large firms is based on management practices over the last several decades. These practices have created biases in the form of an endowment effect, which results in incremental innovation. Endowment effects impact on innovation will be explored and methods to reduce the impact of endowment effect and overcome the biases are offered.
  • 关键词:Decision-making; Innovation; Product Development; Strategic Planning; Management Development; Resource Management; Endowment Effect; Sustainable Competitive Advantage.
  • 其他关键词:Decision Making;innovation;product development;strategy;management development;resource management
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