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Opportunities and Challenges in the New Innovation Landscape:: Implications for Innovation Auditing and Innovation Management
Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Business Administration and Industrial Engineering.ORCID iD: 0000-0002-8103-2519
Stockholm School of Economics, Department of Management & Organization.
Sten K Johnson Centre for Entrepreneurship, Lund University.
IPD, School of Industrial Engineering and Management, KTH Royal Institute of Technology.
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2018 (English)In: European Management Journal, ISSN 0263-2373, E-ISSN 1873-5681Article in journal (Refereed) Epub ahead of print
Abstract [en]

Innovation auditing is a well-established practice used by managers to identify strengths and weaknesses in innovation. Existing audit frameworks fall short, however, because they neglect three major trends that currently transform the innovation landscape. These trends are as follows: 1) a shift from closed to more open models of innovation (“openness”), 2) a shift from providing physical products to industrial product–services (“servitization”), and 3) a shift from an analog to a highly digitalized world (“digitalization”). This article identifies new innovation practices, opportunities, and challenges that arise for manufacturing firms along these trends. The article proposes a revised innovation audit framework, which acknowledges these trends and supports innovation management in increasingly dynamic and competitive environments.

Place, publisher, year, edition, pages
Elsevier, 2018.
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Social Sciences Other Engineering and Technologies not elsewhere specified
Research subject
Entrepreneurship and Innovation
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URN: urn:nbn:se:ltu:diva-68660DOI: 10.1016/j.emj.2018.05.002OAI: oai:DiVA.org:ltu-68660DiVA, id: diva2:1204237
Available from: 2018-05-07 Created: 2018-05-07 Last updated: 2018-06-04

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Frishammar, Johan

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