Digital Innovation in Incumbent Firms: An Exploratory Analysis of Value Creation

Micha Bosler, Wolfgang Burr and Leonie Ihring

Chapter 7 in Trends in Innovation and Entrepreneurship Research:Ecosystems, Digital Technologies and Responses to Shocks, 2023, pp 167-188 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Incumbent firms’ competitiveness largely depends on the ability to develop digital innovation as novel combination of digital and physical components. This paper provides a better understanding of value creation through digital innovation, focussing on market offerings from incumbent firms. Based on the insights of an exploratory multiple case study with seven cases from the automotive, machine engineering, and consumer goods industries in Germany, we explain the multi-sided changes required for the development and management of digital innovations. Afterwards, we contribute to the further theorization of digital innovation. According to our empirical findings, we decided to discuss the applicability of the resource-based and competence-based approach.

Keywords: Innovation and Entrepreneurship Research; Digital Technologies; Ecosystems; Sextuple Helix; Solar PV Industry; Academic Entrepreneurship; Digital Transformation; Global Diffusion of Innovation; Marketplace Platform; Future Crises; Industry Technology Transfer (search for similar items in EconPapers)
JEL-codes: L26 O32 O33 (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811273292_0007 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811273292_0007 (text/html)
Ebook Access is available upon purchase.

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:wsi:wschap:9789811273292_0007

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().