Simulating the effects of radical innovation with the help of system dynamics

Samuli Kortelainen, Kalle Piirainen and Markku Tuominen

International Journal of Entrepreneurship and Innovation Management, 2010, vol. 11, issue 4, 457-476

Abstract: Radical innovations pose a great challenge for strategic management. Innovation management has traditionally approached change with static methods relying on information on capabilities, strategy and markets. We introduce a system dynamics model to describe how learning changes the dynamics of innovation management. We use a post radical innovation environment to illustrate how the system reacts to different situations through the process of learning. As a result we propose two major propositions for future study that have not been addressed by past innovation management literature.

Keywords: radical innovation; profitability; dynamic capabilities; system dynamics; simulation; strategic management; entrepreneurship; innovation management; open innovation; collaboration. (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijeima:v:11:y:2010:i:4:p:457-476

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