Demystifying Strategic Innovation

Taco C. R. Someren and Shuhua Someren-Wang
Additional contact information
Taco C. R. Someren: Ynnovate
Shuhua Someren-Wang: Ynnovate

Chapter 4 in Innovative China, 2013, pp 113-169 from Springer

Abstract: Abstract Both the current strategy and innovation concepts are insufficient to give an answer to the future challenges. Both fields of corporate strategy and innovation are characterized by the search for the Holy Grail. Although a lot of insight has been gathered, the core future issues in the fields of strategy and innovation are connected to the rise of China. This rise is accompanied with new policies, new roles of private and public organizations, new industries, new market rules, new norms and values, and different interpretations of time. Consequently, Western management approaches of dealing with the future have to be changed. Current concepts of corporate strategy, innovation, and transition management are obsolete. Popular notions like open innovation, network organization, and knowledge economy do not fit to real market situations. A new approach is necessary. The strategic innovation theory offers a new approach to decide about in which direction to go on the crossroad. Several basic elements of the strategic innovation theory like nontechnical innovations, creating a context for innovation beyond business models, a new profit definition, cross-cultural aspects, and the factor time are pivotal for the future success of China, the USA, and the EU. Paradoxically, Innovative China is more dependent on strategic innovations than on new technologies.

Keywords: Business Model; Open Innovation; Family Business; Social Entrepreneurialism; Chinese Firm (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:mgmchp:978-3-642-36237-8_4

Ordering information: This item can be ordered from
http://www.springer.com/9783642362378

DOI: 10.1007/978-3-642-36237-8_4

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().