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Subject Innovations;

Strategic planning;

Risk assessm ent;

Integration;

Target m arkets;

M anycom panies;

Product developm ent

Location United States; US

Classification 9190: United States

5400: Research & developm ent

2310: Planning

7500: Product planning & developm ent

URL https://hbr.org/2006/04/m atch-your-innovation-strategy-to-your-innovation-ecosystem

Title M atch Your Innovation Strategy to Your Innovation Ecosystem

Author Adner, Ron

Publication title Harvard Business Review ; Boston

Volum e 84

Issue 4

Pages 98-107

Publication year 2006

Publication date Apr 2006

Publisher Harvard Business Review

Place of publication Boston

Country of publication United States, Boston

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Match Your Innovation Strategy to Your Innovation Ecosystem

Adner, Ron. Harvard Business Review; Boston Vol. 84, Iss. 4, (Apr 2006): 98-107.

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Abstract

high-definition televisions should, by now, be a huge success. Philips, Sony, and Thom son invested billions of dollars to develop TV sets w ith astonishing picture quality. From a

technology perspective, they've succeeded: Console m anufacturers have been ready for the m ass m arket since the early 1990s. Yet the category has been an unm itigated failure,

not because of deficiencies, but because critical com plem ents such as studio production equipm ent w ere not developed or adopted in tim e. The HDTV story exem plified the

prom ise and peril of innovative ecosystem s - the collaborative arrangem ents through w hich firm s com bine their individual offers into a coherent, custom er-facing solution. W hen

they w ork, innovation ecosystem s allow com panies to create value that no one firm could have created alone. But for m any organizations the attem pt at ecosystem innovation

has been a costly failure. This is because, along w ith new opportunities, innovation ecosystem s also present a new set of risks that can brutally derail a firm 's best efforts.

Publication subject Business And Econom ics, Business And Econom ics--Banking And Finance

ISSN 00178012

Source type M agazines

Language of publication English

Docum ent type Feature

Docum ent feature diagram s

ProQ uest docum ent ID 227840525

Docum ent URL http://search.proquest.com .proxy1.ncu.edu/docview /227840525?accountid= 28180

Last updated 2017-12-08

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