A FRAMEWORK FOR MANAGING THE FORECASTING PROCESS

2008 ◽  
Vol 12 (04) ◽  
pp. 597-627 ◽  
Author(s):  
TUGRUL U. DAIM ◽  
ABRAHAM HERNANDEZ
Keyword(s):  
Literature Review ◽  
Competitive Advantage ◽  
Technological Innovation ◽  
Innovation Process ◽  
Technological Forecasting ◽  
Forecasting Methods ◽  
Proposed Model ◽  
Strategic Context ◽  
Innovation Processes

Technological innovation is used by many companies as a means of sustaining their competitive advantage. The environments in which this innovation occurs is usually uncertain, therefore, many companies perform technological forecasting in association with their technological innovation processes. While many researchers have studied the innovation process and many more forecasting methods, there is little research connecting the two within the strategic context of the firm. To do this, a model of the forecasting process is needed. The purpose of this paper is to present a model based on a literature review. Previous models which formed the basis for the proposed model will be discussed followed by an explanation of the model and conclusion. Finally, a case study is presented to observe and test the proposed model.

scholarly journals Modelling Perceived Risks Associated to the Entry of Complementors’ in Platform Enterprises: A Case Study

2018 ◽  
Vol 10 (9) ◽  
pp. 3272 ◽  
Author(s):  
Elena-Teodora Miron ◽  
Anca Purcarea ◽  
Olivia Negoita
Keyword(s):  
Literature Review ◽  
Perceived Risk ◽  
Asset Specificity ◽  
Third Party ◽  
High Quality ◽  
Perceived Risks ◽  
Proposed Model ◽  
Perceived Environmental Uncertainty ◽  
Main Attraction

Third-party innovators, i.e., complementors, in platform enterprises develop and commercialize add-on products which are one of the main attraction points for customers. To ensure a sustainable evolution of the enterprise, the platform owner needs to attract and retain high-quality third-party innovators. We posit that the transaction costs incurred upon joining the enterprise as well as the controls imposed by the platform owner throughout the development and commercialization process shape the innovator’s perceived risk and influence his decision on whether to join or not. Based on a literature review, the paper at hand proposes a conceptual model for complementors to assess their perceived risk and subsequently evaluates the model in a case study of a platform enterprise for IT-based modelling tools. While some of the propositions are validated, i.e., that informational controls decrease the perceived environmental uncertainty and implicitly the perceived risks, other propositions, such as the fact that asset specificity is a deterrent to entering the platform enterprise could not be validated. Further case studies are necessary to provide a conclusive proof of the proposed model.

scholarly journals The Italian Case of Lecco Innovation Living Lab: Stakeholders’ Needs and Activities to Contribute to the Technological Innovation Process in Healthcare

2020 ◽  
Vol 12 (24) ◽  
pp. 10266
Author(s):  
Laura Marone ◽  
Rossella Onofrio ◽  
Cristina Masella
Keyword(s):  
Technological Innovation ◽  
Single Case ◽  
Innovation Process ◽  
Domain Specific ◽  
Italian Case ◽  
Complex Process ◽  
Living Lab ◽  
Domain Specific Knowledge ◽  
Living Labs

Healthcare technological innovation is a very complex process in which different actors interact with each other, creating a large number of interconnections and synergies in the design of technological innovations. Despite the increasing number of living labs (LLs) in healthcare, building and maintaining LLs for technological innovation in healthcare is challenging. Collaboration with stakeholders remains an issue of major concern in healthcare. The purpose of this paper is to identify stakeholders’ needs in building an LL in healthcare and to plan activities to foster the innovation process. The paper is based on an exploratory single case study investigating an Italian LL. Eight stakeholders’ needs were identified and validated. Specific activities were identified as improving the innovation process in terms of the stakeholders’ needs. The study contributes to the development of domain-specific knowledge and, as such, to the fostering of studies on and the implementation of LLs in healthcare.

A “knowledge value chain” framework for contractor organisations to maximise chances of winning tenders

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kaveesha Gihani Dewagoda ◽  
B.A.K.S. Perera ◽  
Sepani Senaratne
Keyword(s):  
Literature Review ◽  
Competitive Advantage ◽  
Value Chain ◽  
Design Methodology ◽  
Content Type ◽  
Competitive Tendering ◽  
Knowledge Value Chain ◽  
Expert Interview ◽  
Knowledge Value

PurposeKnowledge is a critical asset that places contractor organisations at a competitive advantage when they take part in competitive tendering. However, a dearth of literature exists on the mechanisms that contractor organisations can adopt to utilise knowledge to gain competitive advantage and win tenders through competitive tendering.Design/methodology/approachThe study adopted an interpretive stance with a qualitative approach that comprised a literature review, 15 expert interviews and three case studies. The literature review and expert interview findings were used to develop an intermediate framework of knowledge value chain (KVC), while the case study findings were used to develop the final KVC framework with the intermediate framework as the basis.FindingsThe study developed, in three distinctive steps, a KVC framework based on Powell's (2001) KVC for use by the tendering divisions/units of contractor organisations employing quantity surveyors (QSs) to handle tendering work and to increase their chances of winning tenders.Originality/valueThe study developed a KVC framework for the use of contractor organisations to maximise their chances of winning tenders in the field of quantity surveying.

Demystifying the benefits and risks of Lean service innovation: a banking case study

2015 ◽  
Vol 17 (4) ◽  
pp. 364-380 ◽  
Author(s):  
Yiwei Gong ◽  
Marijn Janssen
Keyword(s):  
Service Innovation ◽  
Innovation Process ◽  
Scientific Work ◽  
Content Type ◽  
Lean Principles ◽  
Knowledge Based ◽  
Knowledge Perspective ◽  
The Impact ◽  
Innovation Processes

Purpose – The purpose of this paper is to demystify Lean for service innovation by investigating its benefits and risks. Lean innovation is a relatively new approach which is advocated in management literature. Little scientific work about its practice exists in the field. Although the Lean innovation principles are clear, there is limited evidence about their impact on service innovation processes. Design/methodology/approach – From the knowledge-based view (KBV) of the firm, a framework for understanding Lean innovation is developed. Using this framework, the benefits and risks of Lean innovation are analyzed in a case study. Findings – The case study not only shows that Lean service innovation can have many advantages, but also draws attention to the risks. The risks might result in the inability to follow Lean principles and might hamper the realization of the benefits. Using the case studies, study mitigation mechanisms are identified. Originality/value – This research offers a new knowledge perspective and a better understanding of Lean service innovation. There are two main contribution of this paper. First of all, it reports on the impact of Lean innovation on a bank’s innovation processes, both its benefit and risks. This has a contribution to understanding the innovation process in service organizations. Second, this paper extends Lean innovation to a service context and contributes to the knowledge basis of Lean innovation.

Micro-Sized Enterprises, Innovation and Universities: A Welsh Perspective

2014 ◽  
Vol 28 (1) ◽  
pp. 39-49 ◽  
Author(s):  
Paul Jones ◽  
Ralf Patz ◽  
Brychan Thomas ◽  
Simon McCarthy
Keyword(s):  
Literature Review ◽  
Research Methodology ◽  
Innovation Process ◽  
Knowledge Gap ◽  
Case Study Approach ◽  
Barriers To Innovation ◽  
Study Approach ◽  
Start Up ◽  
Minimal Research

This study considers the linkage between micro-sized enterprises and other organizations, especially universities, in relation to the innovation process. The focus of the research is on non-start-up enterprises in Wales and how they develop their products. The research methodology adopted is a thematic literature review and the case study approach. The findings demonstrate that there are additional barriers to innovation in terms of legislation and regulation when micro-sized enterprises endeavour to overcome their knowledge gap through collaborating with universities. It is noted that there has been minimal research examining the knowledge gap encountered by micro-sized enterprises and how they attempt to overcome the barriers to collaborating with universities.

SUPPLIER INVOLVEMENT IN INNOVATION PROCESSES: A TAXONOMY

2011 ◽  
Vol 15 (01) ◽  
pp. 121-143 ◽  
Author(s):  
TINA B. AUNE ◽  
ESPEN GRESSETVOLD
Keyword(s):  
Empirical Data ◽  
Innovation Process ◽  
Paper Mill ◽  
Supply Side ◽  
Process Performance ◽  
Global Engineering ◽  
Engineering Company ◽  
Supplier Involvement ◽  
Innovation Processes

For many companies, suppliers play an important role in innovation processes. One key issue concerns the degree of cooperation, such as an arm's length approach versus the use of relationships. Another issue concerns the scope of company involvement on the supply side, such as involvement of one supplier versus involvement of a network of companies. This article presents a taxonomy of supplier involvement in innovation processes. The empirical data consists of a case study of Norske Skog Skogn, a paper mill that is part of the world's second largest producer of newsprint, and one of its suppliers, ABB, a global engineering company. The article directs attention towards a variety of approaches to organising supplier involvement in innovation processes. The taxonomy may be useful in initiatives to increase awareness of the organisation of innovation processes and improve innovation process performance.

scholarly journals Reconfigurable Manufacturing: How Shop Floor Digitalisation Supports Operators in Enhancing Diagnosability

2020 ◽  
Author(s):  
Alessia Napoleone ◽  
Ann-Louise Andersen
Keyword(s):  
Literature Review ◽  
Model Error ◽  
Error Reduction ◽  
Shop Floor ◽  
Reconfigurable Manufacturing ◽  
Manufacturing Companies ◽  
Technological Advances ◽  
Proposed Model ◽  
Theoretical Results

Manufacturing companies are currently struggling with the need to deal with ever changing marker requirements and technological advances. They can develop the reconfigurability capability in their factories in order to deal with such context. Moreover, companies can implement shop floor digitalisation to enhance their reconfigurability. This paper sustains two arguments: (i) the possibility to enhance diagnosability as a critical reconfigurability characteristic through shop floor digitalisation; and (ii) the relevance of the human role in reaching diagnosability in a digitalised shop floor. The paper first presents a literature review and based on this, aspects of shop floor digitalisation supporting operators in enhancing the diagnosability are identified and synthesized in a 3-e model (error reduction, ergonomics, and easiness). Secondly, insights from a case study are interpreted through the literature-based model in order to both consolidate the theoretical results and emphasize the implications for practitioners. The findings of this paper indicate that the proposed model can support practitioners in taking specific actions in regard to shop floor digitalisation in order to improve operator-dependent diagnosability and, in turn, the reconfigurability capability.

INNOVATING WITH DOMINANT SUPPLIERS: LESSONS FROM THE RACE FOR LASER LIGHT

2019 ◽  
Vol 24 (01) ◽  
pp. 2050008 ◽  
Author(s):  
JANINA MILENA GOLDBERG ◽  
HOLGER SCHIELE
Keyword(s):  
Social Exchange ◽  
Social Exchange Theory ◽  
Innovation Management ◽  
Innovation Process ◽  
Management Processes ◽  
Speed Up ◽  
Different Order ◽  
Innovation Processes

Traditionally, manufacturers could usually choose from several suppliers who would be more than willing to engage in innovation processes with them. However, more often the situation arises that a supplier has a dominant position because of a clear leadership or even exclusivity in a certain technology. How should the buying companies handle such situations when a supplier can choose the customer to collaborate with, rather than cueing in front of the customer’s door? This paper focuses on how a buying company may best handle this situation of innovating with dominant suppliers. The methodology used is a case study that compares, from an original equipment manufacturer’s perspective, two implemented supplier innovations with different expirations — a success case and a failure. Findings lead to three main propositions: First, firms may benefit from carefully analysing and designing the buyer–supplier constellation in innovation processes and not only the quality of the innovation. Drawing back on attractiveness theory grounded in social exchange theory may provide clues on how to do so. Second, in case of a dominant supplier situation, traditional innovation management processes may fail and need to be amended by a dedicated innovation process with a different order of steps. In the case of supplier dominance, it is essential to first analyse the supplier constellation, and then make the decision for the innovation path to follow — and not the other way around. Third, in the fight for getting access to a supplier’s innovation, a speed-up process with the buying company may be a tool for outperforming other buyers competing for the same supplier.

scholarly journals Exploring the Formation Mechanism of Radical Technological Innovation

2021 ◽  
Vol 29 (6) ◽  
pp. 1-23
Author(s):  
Yun Sun ◽  
Hecheng Wang ◽  
Haiqing Yu ◽  
Yong Chen ◽  
Mikhail Yu Kataev ◽  
...  
Keyword(s):  
Technological Innovation ◽  
Formation Process ◽  
Innovation Process ◽  
Radical Innovation ◽  
Impact Factors ◽  
Communication Industry ◽  
Three Phase ◽  
Three Stages ◽  
Mobile Communication Industry

This paper identifies three stages in the radical technological innovation process, namely formation process in niches, breaking out of niches and entering regimes, and new regime formation. It then adopts Multi-level Perspective (MLP) to explore the formation process, operating mechanism, breakthrough path, and impact factors of radical technological innovation. A three-phase model, which includes formation of radical innovation, breakout of radical innovation, and new regimes construction, is proposed to analyze radical technological innovation. The model is adopted in a case study to analyze the leapfrogging development of technologies in China’s mobile communication industry. This paper enriches technological innovation theory and provides supports for policy making and guidance for industries/enterprises practices regarding technological innovation in emerging economies.

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