DEVELOPMENT OF STRATEGIC INNOVATION MANAGEMENT COMPONENTS
Keywords:
strategic innovation management, networking business, quick response to technology, integrated management process, flexible resource allocation, creativity development
Abstract
The concept of strategic innovation management is the psychological and social process with regard to the entire development of an organization. It represents the capability to create and transform the business management concept, i.e. administration management, marketing and entire business system of an organization to enhance its sustainable competitive advantage. This research study of the strategic innovation management is based on the fundamental concepts and theories such as (1) the Resource-Based View (RBV) Theory, (2) Contingency Theory and (3) Dynamic Capability. It is found that the main variable factors shaping the concept of strategic innovation management consists of (1) networking business, (2) quick response to technology, (3) integrated management process, (4) flexible resource allocation and (5) creativity development beneficial when being applied for the development of the conceptual framework or organization development through various variables in order to set the future strategic innovation management for an organization.
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References
Adams, R., Bessant, J., & Phelps, R. (2006). Innovation management measurement: A review. International Journal of Management Reviews, 8(10), 21-47.
Babkin A.V., Lipatnikov V.S. & Muraveva S. V. (2015). Assessing the impact of innovation strategies and R&D costs on the performance of IT companies. Procedia - Social and Behavioral Sciences 207.
Balslev, K. (2012). Product Development with Multiple Partners-Strategies and Conflicts in Networks. Industrial Marketing Management 41, 3 (April): 438-447.
Barney, J. B. & Wright P. M. (1998). On Becomeing a Strategic Partner: The Role of Human Resources in Gaining Competitive Advantage. Human Resource Management 37: 31-46.
Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 7(1): 99 – 120.
Bean, R. & Radford, R. (2002). The business of innovation. New York: Amacom.Goffin,
Blazevic, V., Lievens, A. & Klein, E. (2003). Antecedents of project learning and time to market during new mobile service development. International Journal of Service Industry Management, Vol. 14 No. 1, pp. 120-147.
Byrd, J. & Brown, P.L. (2003) The Innovation Equation: Building Creativity and Risktaking. San Francisco: Jossey-Bass/Pfeiffer.
Cooper, J. R. (1998). A multidimensional approach to the adoption of innovation. Management Decision, 36(8), 493-502
David, R. L., Ross, L. C., & Terry, R. S. (2007). Inter-relationships between innovation and market orientation in SMEs. Management Research News, 30(12), 878.
Dess, G.G, & Lumpkin, G.T. (2003). Strategic Management: Creating Competitive Advantages. Boston : MaGraw-Hill Irwin.
Drejer, A. (2006). Strategic innovation: a new perspective on strategic management. Handbook of Business Strategy, Vol. 7 Issue: 1, 147
Eisenhardt, K. M. & Martin J. A. (2000). Dynamic Capabilities: What are They? Strategic Management Journal, 21(10-11): 1105-1121.
Glasgow, J. (2013) A critical evaluation of healthcare quality improvement and how organizational context drives performance Of a thesis submitted in partial fulfillment of the requirements for the Doctor of Philosophy degree in Epidemiology in the Graduate College of The University of Iowa
Grant, R.M. (1991). The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation, California Management Review. 33(3) : 114–135.
Hinds, P. J., & Pfeffer, J. (2002). “Why organizations don't “know what they know” - cognitive and motivational factors affecting the transfer of expertise. (V. P. V. W. E. In M. Ackerman Ed.). Cambridge MIT Press.
Hohenthal, J., Johanson, J. & Johanson, M. (2014). Network knowledge and business-relationship value in the foreign market. International Business Review, 23, 1: 4-19.
Holder, B. J., & Matter, G. (2008). The Innovative Organization. Accessed April 17, 2017, from
http://www.geocities.com/CollegePark/Library/1048/innova.html
Homburg, C., Müller, M., & Klarmann, M. (2011). When does salespeople’s customer orientation lead to customer loyalty? The differential effects of relational and functional customer orientation. Journal of the Academy of Marketing Science, 39, 795–812.
Horn, C. & Brem, A. (2013), Strategic directions on innovation management – a conceptual framework. Management Research Review. Vol. 36 Issue: 10, pp. 939-954.
J. Alberto Aragón-Correa and Sanjay Sharma. The Academy of Management Review. Vol. 28, No. 1 (Jan., 2003), pp. 71-88.
Jantuen, A., Ellonen, H-K. & Johansson, A. (2012). Beyond appearances - Do dynamic capabilities of innovative firms actually differ. European Management Journal, 30: 141-155.
Jaspers, F., Hulsink, W. & Theeuwes, J. (2007), Entry and innovation in maturing markets: virtual operators in mobile telecommunications, Jules Technology Analysis and Strategic Management, Vol. 19 No. 2, pp. 205‐225.
Joshi, A., Panday, N., & Han, G. (2009). Bracketing team boundary spanning: An examination of task-based, team-level, and contextual antecedents. Journal of Organizational Behavior, 30(6), 731-759. Retrieved from http://www.jstor.org/stable/41683864
Kijpokin Kasemsap, (2014), Strategic Innovation Management: An Integrative Framework and Causal Model of Knowledge Management, Strategic Orientation, Organizational Innovation, and Organizational Performance. Strategic Approaches for Human Capital Management and Development in a Turbulent Economy. Accessed March 6, 2017. Available from http://www.igi-global.com/chapter/strategic-innovation-management/80742
Kor, Y. Y., & Mahoney, J. T. (2004). Contributions to the Resource-based View of Strategic Management. Journal of Management Studies, 41(1), 183-191.
Krause, D. E. (2004). Influence-based leadership as a determinant of the inclination to innovate and of innovation-related behaviors: An empirical investigation. Leadership Quarterly, 15(1), 79-102.
Lee, Y., & Chang, H. (2008). Relations between team work and innovation in organizations and the job satisfaction of employees: A factor analytic study. International Journal of Management, 25(4), 732-739,779. Retrieved from https://search.proquest.com/ docview/233228539?accountid=28710
Luthans, F., & Stewart, T. I. (1977). A General Contingency Theory of Management. Academy Management Review, 2(2), 181-195.
Mathisen, G. & Stale, E. (2004). A Review of Instruments Assessing Creative and Innovative Environments Within Organizations. Creativity Research Journal. Volume 16, 2004 - Issue 1, Pages 119-140.
McKelvie, A. & Davidsson, P. (2009). From Resource Base to Dynamic Capabilities: an Investigation of New Firms. British Academy of Management, 20: 63-80.
Modell, S. (1996). A Process-Oriented Contingency Approach to Responsibility in Professional Services. International Journal of Service 8, 4 (May): 306-335.
Möller, K. & Senja, S. (2009). How to influence the birth of new business fields—Network perspective. Industrial Marketing Management, 38, 4: 450-458.
Morris, M. H., & Kuratko, D. F. (2002). Corporate entrepreneurship. Ohio: South-Western College Publishers.
Muammer, Z., Selcuk, B. H., & Mete, S. (2008). Intellectual capital and innovation performance: Empirical evidence in the Turkish Automotive Supplier. Journal of Technology Management & Innovation, 3(4), 31-40
Oke, A. (2007), Innovation types and innovation management practices in service companies. International Journal of Operations & Production Management, Vol. 27 No. 6: 564‐587.
Oldham, G. R., & Cummings, A. (1996). Employee creativity: Personal andcontextual factors at work. Academyof Management Journal, 39, 607-634.
Orlando C. Richard. (2000), Racial Diversity, Business Strategy, and Firm Performance: A Resource-Based View. ACAD MANAGE J. April 1, 43:2 164-177.
Otley, D. (1980). The contingency theory of management accounting: achievement and prognosis”, Accounting, Organizations and Society, Vol. 5 No. 4, 413-428.
Porter, M. (1990). The competitive advantage of nations. London: Free Press.
Proctor, T. (2013). Collaboration and networking in the process of innovation: the path to precision time keeping. Journal of Management History, Vol. 19 Iss 2: 167 – 188.
Rejc, A. (2004). Toward Contingency Theory of performance measurement. Journal of East European Management Studies. Vol. 9, No. 3: 243-264.
Robbins, S.P. & Coulter, M. (2002). Management. Upper Saddle River, NJ : Prentice-Hall, 2002.
Robert, M. (1995). Product innovation strategy pure and simple: How winning companies outpace their competitors. New York McGraw-Hill.
Schilling, M.A. (2008). Strategic Management of Technological Innovation. McGraw-Hill Education.
Shah, J. & Ali, B. 2011. Organizational Climate: Stimulating Creativity and Idea Generation for Discovery of Innovative Solutions. Interdisciplinary Journal of Contemporary Research in Business, 3.
Smale, T. (2016). Why National Culture Should Be at the Heart of Innovation Management. Technology Innovation Management Review. Volume 6, Issue 4.
Teece, D. J. (2007). Explicating Dynamic Capabilities: the Nature and Micro-foundations of (sustainable) Enterprise Performance. Strategic Management Journal, 28: 1319-1350.
Teece, D. J. (2012). Dynamic Capabilities: Routines versus Entrepreneurial Action. Journal of Management Studies, 49(8): 1395-1401.
Teece, D. J., G. Pisano, & A. Shuen (1997). Dynamic capabilities and strategic management,
Tuna, U. (2015). Innovation Culture and Strategic Human Resource Management in Public and Private Sector within the Framework of Employee Ownership. Social and Behavioral Sciences. 195. 1463 – 1470.
Utterback, J. (2004). Mastering the Dynamics of Innovation. Boston: Harvard Business School Press.
Wade, M. & Hulland, J. (2004). The Resource-Based View and Information Systems Research: Review, Extension and Suggestions for Future Research. MIS Quarterly, 28(1), 107-138.
West M.A. & Farr J.L. (1990). Innovation at Work.In Innovation and Creativity at Work, John Wiley and Sons, Chichester.
Woodman, R. W., Sawyer, J. E. & Griffin, R. W. (1993). Toward a Theory of Organizational Creativity. Academy of Management Review, 18(2): 293–321.
Yang, Y. and Konrad, A. M. (2011), Diversity and organizational innovation: The role of employee involvement. J. Organiz. Behav., 32: 1062–1083.
Babkin A.V., Lipatnikov V.S. & Muraveva S. V. (2015). Assessing the impact of innovation strategies and R&D costs on the performance of IT companies. Procedia - Social and Behavioral Sciences 207.
Balslev, K. (2012). Product Development with Multiple Partners-Strategies and Conflicts in Networks. Industrial Marketing Management 41, 3 (April): 438-447.
Barney, J. B. & Wright P. M. (1998). On Becomeing a Strategic Partner: The Role of Human Resources in Gaining Competitive Advantage. Human Resource Management 37: 31-46.
Barney, J. B. (1991). Firm resources and sustained competitive advantage. Journal of Management, 7(1): 99 – 120.
Bean, R. & Radford, R. (2002). The business of innovation. New York: Amacom.Goffin,
Blazevic, V., Lievens, A. & Klein, E. (2003). Antecedents of project learning and time to market during new mobile service development. International Journal of Service Industry Management, Vol. 14 No. 1, pp. 120-147.
Byrd, J. & Brown, P.L. (2003) The Innovation Equation: Building Creativity and Risktaking. San Francisco: Jossey-Bass/Pfeiffer.
Cooper, J. R. (1998). A multidimensional approach to the adoption of innovation. Management Decision, 36(8), 493-502
David, R. L., Ross, L. C., & Terry, R. S. (2007). Inter-relationships between innovation and market orientation in SMEs. Management Research News, 30(12), 878.
Dess, G.G, & Lumpkin, G.T. (2003). Strategic Management: Creating Competitive Advantages. Boston : MaGraw-Hill Irwin.
Drejer, A. (2006). Strategic innovation: a new perspective on strategic management. Handbook of Business Strategy, Vol. 7 Issue: 1, 147
Eisenhardt, K. M. & Martin J. A. (2000). Dynamic Capabilities: What are They? Strategic Management Journal, 21(10-11): 1105-1121.
Glasgow, J. (2013) A critical evaluation of healthcare quality improvement and how organizational context drives performance Of a thesis submitted in partial fulfillment of the requirements for the Doctor of Philosophy degree in Epidemiology in the Graduate College of The University of Iowa
Grant, R.M. (1991). The Resource-Based Theory of Competitive Advantage: Implications for Strategy Formulation, California Management Review. 33(3) : 114–135.
Hinds, P. J., & Pfeffer, J. (2002). “Why organizations don't “know what they know” - cognitive and motivational factors affecting the transfer of expertise. (V. P. V. W. E. In M. Ackerman Ed.). Cambridge MIT Press.
Hohenthal, J., Johanson, J. & Johanson, M. (2014). Network knowledge and business-relationship value in the foreign market. International Business Review, 23, 1: 4-19.
Holder, B. J., & Matter, G. (2008). The Innovative Organization. Accessed April 17, 2017, from
http://www.geocities.com/CollegePark/Library/1048/innova.html
Homburg, C., Müller, M., & Klarmann, M. (2011). When does salespeople’s customer orientation lead to customer loyalty? The differential effects of relational and functional customer orientation. Journal of the Academy of Marketing Science, 39, 795–812.
Horn, C. & Brem, A. (2013), Strategic directions on innovation management – a conceptual framework. Management Research Review. Vol. 36 Issue: 10, pp. 939-954.
J. Alberto Aragón-Correa and Sanjay Sharma. The Academy of Management Review. Vol. 28, No. 1 (Jan., 2003), pp. 71-88.
Jantuen, A., Ellonen, H-K. & Johansson, A. (2012). Beyond appearances - Do dynamic capabilities of innovative firms actually differ. European Management Journal, 30: 141-155.
Jaspers, F., Hulsink, W. & Theeuwes, J. (2007), Entry and innovation in maturing markets: virtual operators in mobile telecommunications, Jules Technology Analysis and Strategic Management, Vol. 19 No. 2, pp. 205‐225.
Joshi, A., Panday, N., & Han, G. (2009). Bracketing team boundary spanning: An examination of task-based, team-level, and contextual antecedents. Journal of Organizational Behavior, 30(6), 731-759. Retrieved from http://www.jstor.org/stable/41683864
Kijpokin Kasemsap, (2014), Strategic Innovation Management: An Integrative Framework and Causal Model of Knowledge Management, Strategic Orientation, Organizational Innovation, and Organizational Performance. Strategic Approaches for Human Capital Management and Development in a Turbulent Economy. Accessed March 6, 2017. Available from http://www.igi-global.com/chapter/strategic-innovation-management/80742
Kor, Y. Y., & Mahoney, J. T. (2004). Contributions to the Resource-based View of Strategic Management. Journal of Management Studies, 41(1), 183-191.
Krause, D. E. (2004). Influence-based leadership as a determinant of the inclination to innovate and of innovation-related behaviors: An empirical investigation. Leadership Quarterly, 15(1), 79-102.
Lee, Y., & Chang, H. (2008). Relations between team work and innovation in organizations and the job satisfaction of employees: A factor analytic study. International Journal of Management, 25(4), 732-739,779. Retrieved from https://search.proquest.com/ docview/233228539?accountid=28710
Luthans, F., & Stewart, T. I. (1977). A General Contingency Theory of Management. Academy Management Review, 2(2), 181-195.
Mathisen, G. & Stale, E. (2004). A Review of Instruments Assessing Creative and Innovative Environments Within Organizations. Creativity Research Journal. Volume 16, 2004 - Issue 1, Pages 119-140.
McKelvie, A. & Davidsson, P. (2009). From Resource Base to Dynamic Capabilities: an Investigation of New Firms. British Academy of Management, 20: 63-80.
Modell, S. (1996). A Process-Oriented Contingency Approach to Responsibility in Professional Services. International Journal of Service 8, 4 (May): 306-335.
Möller, K. & Senja, S. (2009). How to influence the birth of new business fields—Network perspective. Industrial Marketing Management, 38, 4: 450-458.
Morris, M. H., & Kuratko, D. F. (2002). Corporate entrepreneurship. Ohio: South-Western College Publishers.
Muammer, Z., Selcuk, B. H., & Mete, S. (2008). Intellectual capital and innovation performance: Empirical evidence in the Turkish Automotive Supplier. Journal of Technology Management & Innovation, 3(4), 31-40
Oke, A. (2007), Innovation types and innovation management practices in service companies. International Journal of Operations & Production Management, Vol. 27 No. 6: 564‐587.
Oldham, G. R., & Cummings, A. (1996). Employee creativity: Personal andcontextual factors at work. Academyof Management Journal, 39, 607-634.
Orlando C. Richard. (2000), Racial Diversity, Business Strategy, and Firm Performance: A Resource-Based View. ACAD MANAGE J. April 1, 43:2 164-177.
Otley, D. (1980). The contingency theory of management accounting: achievement and prognosis”, Accounting, Organizations and Society, Vol. 5 No. 4, 413-428.
Porter, M. (1990). The competitive advantage of nations. London: Free Press.
Proctor, T. (2013). Collaboration and networking in the process of innovation: the path to precision time keeping. Journal of Management History, Vol. 19 Iss 2: 167 – 188.
Rejc, A. (2004). Toward Contingency Theory of performance measurement. Journal of East European Management Studies. Vol. 9, No. 3: 243-264.
Robbins, S.P. & Coulter, M. (2002). Management. Upper Saddle River, NJ : Prentice-Hall, 2002.
Robert, M. (1995). Product innovation strategy pure and simple: How winning companies outpace their competitors. New York McGraw-Hill.
Schilling, M.A. (2008). Strategic Management of Technological Innovation. McGraw-Hill Education.
Shah, J. & Ali, B. 2011. Organizational Climate: Stimulating Creativity and Idea Generation for Discovery of Innovative Solutions. Interdisciplinary Journal of Contemporary Research in Business, 3.
Smale, T. (2016). Why National Culture Should Be at the Heart of Innovation Management. Technology Innovation Management Review. Volume 6, Issue 4.
Teece, D. J. (2007). Explicating Dynamic Capabilities: the Nature and Micro-foundations of (sustainable) Enterprise Performance. Strategic Management Journal, 28: 1319-1350.
Teece, D. J. (2012). Dynamic Capabilities: Routines versus Entrepreneurial Action. Journal of Management Studies, 49(8): 1395-1401.
Teece, D. J., G. Pisano, & A. Shuen (1997). Dynamic capabilities and strategic management,
Tuna, U. (2015). Innovation Culture and Strategic Human Resource Management in Public and Private Sector within the Framework of Employee Ownership. Social and Behavioral Sciences. 195. 1463 – 1470.
Utterback, J. (2004). Mastering the Dynamics of Innovation. Boston: Harvard Business School Press.
Wade, M. & Hulland, J. (2004). The Resource-Based View and Information Systems Research: Review, Extension and Suggestions for Future Research. MIS Quarterly, 28(1), 107-138.
West M.A. & Farr J.L. (1990). Innovation at Work.In Innovation and Creativity at Work, John Wiley and Sons, Chichester.
Woodman, R. W., Sawyer, J. E. & Griffin, R. W. (1993). Toward a Theory of Organizational Creativity. Academy of Management Review, 18(2): 293–321.
Yang, Y. and Konrad, A. M. (2011), Diversity and organizational innovation: The role of employee involvement. J. Organiz. Behav., 32: 1062–1083.
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Published
2018-02-01
How to Cite
Sitthiwarongchai, C., Jadesadalug, V., & Kongklai, C. (2018). DEVELOPMENT OF STRATEGIC INNOVATION MANAGEMENT COMPONENTS. The EUrASEANs: Journal on Global Socio-Economic Dynamics, (1(8), 64-72. https://doi.org/10.35678/2539-5645.1(8).2018.64-72
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Articles
Copyright
The EUrASEANs
International College Suan Sunandha
Rajabhat University, Bangkok, Thailand
