The necessity and the advantages of integrating customers into the innovation process are widely recognized. There are, however, inherent risks to customer integration that can be reduced by comprehensive risk management methods. Based on intensive desk research and in-depth workshops with nine...

The following sections are included: <ul><li class="bullet">Introduction</li></ul> <ul><li class="bullet">Why Firms Should Balance Their Innovation Model</li></ul> <ul><li class="bullet">Link Between Strategy and Innovation Activities <ul><li class="bullet"> The opportunity-seeking prospector</li><li class="bullet"> Case study 1: Henkel ¡ª opportunity search via systematic cross-industry innovation <ul><li class="bullet"> The dual-oriented analyzer</li><li class="bullet">...</li></ul></li></ul></li></ul>

The purpose of this paper is to investigate the approach of imitation (across industry boundaries) on business models. We analyzed nine case studies of firms that introduced breakthrough business models by transferring and adapting characteristic business model components of other industries....

The degree to which a firm needs creativity and discipline - the elements of creative tension to which this paper refers - depends on the speed with which the industry changes. While some degree of freedom and flexibility is essential for productive innovation teams, management is faced with the...

Open innovation can introduce new ways of organizing the innovation process within companies, but these new activities and processes naturally require some time to mature and work effectively. Continuous improvement of capacities and results is therefore required (Teece et al., 1997; Winter, 2003)....

Instead of profiting from an innovation premium at the capital market, many companies suffer from a gap between their actual innovativeness and its perception. Hence, this explorative study elaborates how to manage financial analysts' perception and valuation through strategic innovation...

This paper analyses how US, Japanese, and European HDD firms responded to technological shifts in the hard disk industry from 1973 through 1996. Leading incumbent US HDD firms were frequently forced out of the market. Leading Japanese incumbent firms in the same industry, however, were not...