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  • 1.
    Frishammar, Johan
    et al.
    Luleå University of Technology, Department of Business Administration, Technology and Social Sciences, Business Administration and Industrial Engineering.
    Richtner, Anders
    Stockholm School of Economics, Department of Management & Organization.
    Brattström, Anna
    Sten K Johnson Centre for Entrepreneurship, Lund University.
    Magnusson, Mats
    IPD, School of Industrial Engineering and Management, KTH Royal Institute of Technology.
    Björk, Jennie
    IPD, School of Industrial Engineering and Management, KTH Royal Institute of Technology.
    Opportunities and Challenges in the New Innovation Landscape: Implications for Innovation Auditing and Innovation Management2019In: European Management Journal, ISSN 0263-2373, E-ISSN 1873-5681, Vol. 37, no 2, p. 151-164Article in journal (Refereed)
    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.

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