Transformation and change process in innovation models: start-up and mature companies

Michael Lewrick and Robert Raeside

International Journal of Business Innovation and Research, 2010, vol. 4, issue 6, 515-534

Abstract: The transformation from a start-up company to a mature company asks often for dramatic change of capabilities to sustain innovations and business success. Increasing maturity results in the need to adjust the innovation style of a company. This paper has the objective to explore the dynamics behind innovations, what capabilities are needed at which stage of companies life cycle, and the challenges to innovate in transformation. Over 200 high-technology companies have been examined to observe the transformation from a start-up phase to a more mature phase of business. Results indicate the importance of market orientation, knowledge, management capabilities, social networks to innovation, success and sustainability. The study reveals that major changes are required in knowledge enhancement and acquisition, the use of formal social networks and the establishment and use of performance networks to allow a successful transition to a sustainable mature company.

Keywords: management capabilities; entrepreneurship; change management; transformation; company start-ups; mature companies; success; maturity; life cycles; high technology; high tech companies; market orientation; social networks; sustainability; knowledge enhancement; knowledge acquisition; performance networks; sustainable development; knowledge management; KM; business innovation; R&D; research and development; innovation models. (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.inderscience.com/link.php?id=35711 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijbire:v:4:y:2010:i:6:p:515-534

Access Statistics for this article

More articles in International Journal of Business Innovation and Research from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().