INSEAD Library

Includes bibliographical references and index and glossary

Digitized

Strategic Management in the Innovation Economy Strategy Approaches and Tools for Dynamic Innovation Capabilities Contents I The Innovation Economy and Strategy Chapter 1: The Global Innovation Economy and Strategic Management................... 16 Innovating Our Way to the Next Industrial Revolution .............................................. 33 Case Example: From Outsourced Subcontractors to Strategic Innovation Partners .. 54 Questions ..................................................................................................................... 56 References .................................................................................................................... 57 II The Changing Nature of Business and Challenges to Traditional Strategic Management Chapter 2: The Relevance of Traditional Approaches to Strategic Management in the Innovation Economy .......................................................................................... 62 Sparking Strategic Imagination ................................................................................... 79 What Makes a Strategy Brilliant ................................................................................. 81 Strategic Sourcing ­ from Periphery to the Core......................................................... 93 Case Example: How the Innovation Economy is Shifting the Focus of Value Creation ........................................................................................................................ 104 Questions ..................................................................................................................... 107 References .................................................................................................................... 109 III A New Strategy Mindset for the Innovation Economy Chapter 3: The New Strategy Mindset: Co-Shaping Value Innovation ..................... 114 The Era of Open Innovation ........................................................................................ 134 Strategic Innovation and the Science of Learning ....................................................... 145 Case Example: IBM's Radical New Mindset: Innovating Customers' Businesses, and Itself ...................................................................................................................... 158 Questions ..................................................................................................................... 162 References .................................................................................................................... 163 IV Strategy, Business Models and Organizational Energy Chapter 4: The New Strategic Management Approach for the Innovation Economy: Poised Strategy ......................................................................................... 168 The Ambidextrous Organization ................................................................................ 187 Competing with Dual Business Models: A Contingency Approach ......................... 198 Strategy as Ecology .................................................................................................... 219 Case Example: Xerox ................................................................................................ 235 Questions .................................................................................................................... 242 References .................................................................................................................. 243 V New Strategic Management Processes and Tools Chapter 5: Processes and Tools for Poised Strategic Management in the Innovation Economy .................................................................................................. 248 Six Keys to Creating New-Growth Businesses ......................................................... 287 Architectural Innovation and Modular Corporate Forms .......................................... 294 The Innovation Meme: Managing Innovation Replicators for Organizational Fitness ........................................................................................................................ 323 An Opportunity-Based Strategy Process for Innovation ........................................... 335 Case Example: Innovative Business Models in the Airline Industry ........................ 344 Questions .................................................................................................................... 349 References .................................................................................................................. 350 VI Strategy Leadership and Management in the Innovation Economy Chapter 6: Leadership and Managerial Requirements for Poised Strategy in the Innovation Economy ........................................................................................ 358 Leadership and the Networked Economy .................................................................. 386 Unleashing Organizational Energy ............................................................................ 397 How to Pick Managers for Disruptive Growth .......................................................... 407 Managerial Challenges for Organizational Rejuvenation .......................................... 411 Case Example: Jeffrey Immelt: How GE's Chief is Turning Corporate Culture Around and Managing a Portfolio of Businesses for Increased Innovation .............. 416 Questions .................................................................................................................... 420 References .................................................................................................................. 421 Glossary of Major Terms ..............................................................................424 Authors and Contributors ............................................................................. 432 Index ............................................................................................................. 436