Transformative innovation: turning commoditised products into radically high-valued products

H. H. J. K. Li () and K. H. Tan ()
Additional contact information
H. H. J. K. Li: University of Cambridge
K. H. Tan: Nottingham University Business School

Journal of Intelligent Manufacturing, 2019, vol. 30, issue 7, No 6, 2645-2658

Abstract: Abstract New product innovation is vital in technology-driven enterprises of all sizes. Literature on breakthrough innovation is characterised as unpredictable and riskiest R&D investments. Ineffectiveness of existing innovation models to facilitate in-house innovation leads large corporations to externalise innovation risks through costly acquisition of fast-growing startups and SMEs to sustain growth. This emerging phenomena has received little attention in innovation and manufacturing management literature. This paper unveils the emergence of aggressive fast-growing enterprises, equipped with radically innovative products, credibly threaten the existence of incumbent large enterprises and in occasions pushing governments to amend outdated business regulatory practises. A proposed transformative innovation model is presented, demonstrating how prolong-neglected commoditised products of having enduring needs can be selectively identified and transformed into high-valued, radically innovative new products by leveraging on new technologies as enablers. These new products are then deliberately targeted to displace their conventional counterparts and intermediaries in both upstream manufacturing supply chain and downstream distribution channels.

Keywords: Transformative innovation; SMEs growth model; Disruptive innovation; Radical innovation model; NPI process (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://link.springer.com/10.1007/s10845-016-1293-z Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:joinma:v:30:y:2019:i:7:d:10.1007_s10845-016-1293-z

Ordering information: This journal article can be ordered from
http://www.springer.com/journal/10845

DOI: 10.1007/s10845-016-1293-z

Access Statistics for this article

Journal of Intelligent Manufacturing is currently edited by Andrew Kusiak

More articles in Journal of Intelligent Manufacturing from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().