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Opportunities and challenges in the new innovation landscape: Implications for innovation auditing and innovation management
Lulea Univ Technol, Entrepreneurship & Innovat Res Grp, SE-97187 Lulea, Sweden..
Stockholm Sch Econ, Dept Management & Org, SE-11383 Lulea, Sweden..
Lund Univ, Sch Econ & Management, Dept Business Adm, Box 117, S-22100 Lund, Sweden..
KTH, School of Industrial Engineering and Management (ITM), Machine Design (Dept.), Integrated Product Development.ORCID iD: 0000-0002-6024-7908
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2019 (English)In: European Management Journal, ISSN 0263-2373, E-ISSN 1873-5681, Vol. 37, no 2, p. 151-164Article in journal (Refereed) Published
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. (C) 2018 Elsevier Ltd. All rights reserved.

Place, publisher, year, edition, pages
ELSEVIER SCI LTD , 2019. Vol. 37, no 2, p. 151-164
Keywords [en]
Innovation auditing, Innovation measurement, Open innovation, Industrial product-services, Servitization, Digitalization, Innovation Management
National Category
Production Engineering, Human Work Science and Ergonomics
Identifiers
URN: urn:nbn:se:kth:diva-251219DOI: 10.1016/j.emj.2018.05.002ISI: 000464087800003Scopus ID: 2-s2.0-85047633937OAI: oai:DiVA.org:kth-251219DiVA, id: diva2:1317703
Note

QC 20190523

Available from: 2019-05-23 Created: 2019-05-23 Last updated: 2019-05-23Bibliographically approved

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Magnusson, MatsBjörk, Jennie

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