CAPABILITIES-DRIVEN INNOVATION MANAGEMENT: CONCEPTUAL FRAMEWORK TO MANAGE THE INNOVATION ECOSYSTEM

摘要

Almost all CEOs and executive managers agree that innovation should be a top strategic priority within their organizations. But, a large percentage of corporations are still unsuccessful with the implementation of innovation management within their organizations for various reasons: many are still in the infancy stage of their implementation effort; underestimated the complexity and scope; or there exist a knowledge gap. Current industry research and literature build a strong case that disruptive or breakthrough innovation has become an absolute requirement for sustainable growth and survival. To support this theory, the management of innovation as an additional corporate business capability must increasingly become more important as a critical factor for corporate success. This paper revisited competitive advantage, core competency, capabilities and innovation process model theories from academic literature, and intersected the knowledge with empirical data collected as the current state of innovation management within corporations at a global scale. The research identified ten innovation management capabilities with strong interdependencies and critical relationships to support innovation successfully within corporations. The Capabilities-Driven Innovation Management conceptual framework was then developed with the goal to introduce a flexible map, consisting of strongly interrelated capabilities to simplify the understanding and implementation of innovation management capabilities and the management of a corporate innovation system and ecosystem. The expected end result of this framework is to increase successful innovations, competitive advantage, growth and the generation of wealth for employees, shareholders and all other stakeholders.