Radical innovation through corporate entrepreneurship from a Competence-Based Strategic Management perspective

Tino Michalski

International Journal of Management Practice, 2006, vol. 2, issue 1, 22-41

Abstract: There is a tightening race for developing new innovative businesses between global corporations in the world's high-tech industries. Technology-oriented global corporations have to, therefore, react as fast as possible in order to create new customer value in due time with innovative offers, and to survive in increasingly hypercompetitive global markets. In many cases, they attempt to match this challenge by increasing the dynamics of their business development through corporate entrepreneurship activities, e.g., internal and external corporate venturing activities. Departing from a Competence-Based Strategic Management (CBSM) perspective, the author analyses alternative forms of innovation management arising from corporate entrepreneurship activities. On the basis of this analysis, the author proposes ways of putting this new form of corporate innovation management to the best possible use in order to match a tightening innovation race. The author uses those results to answer the question of how to maximise radical innovations, because in doing so, high-tech companies are maximising their survival capabilities in hypercompetitive markets.

Keywords: corporate entrepreneurship; hypercompetition; radical innovation; corporate ventures; corporate venture portfolios; competence-based strategic management; high technology industries; innovation management; business development. (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (2)

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