Strategic Management in the Innovation Economy: Strategic Approaches and Tools for Dynamic Innovation Capabilities / Edition 1

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Innovative ruptures of traditional boundaries in value chains are requiring companies to rethink how they go to market, what they need to own, what they need to retain and innovate as core competencies, and how they innovatively deal with suppliers and customers.

The key message of the book is that the new knowledge-networked innovation economy requires a totally different strategic management mindset, approach and toolbox, and its major value-added is a new strategic management approach and toolbox for the innovation economy - a poised strategy approach. Designed for both managers and advanced business students, the book provides a unique combination of new management theory, selected managerial articles by prominent scholars such as Clayton Christensen, Henry Chesbrough, Sumantra Ghoshal, Quinn Mills, and Peter Senge, and a wide array of real-world case examples including GE, Shell, IBM, HP, BRL Hardy, P&G, Southwest Airlines and McGraw-Hill, within the dynamics of industries such as airlines, energy, telecommunications, wine & beverages, and computing. The authors illustrate powerful new strategic innovation concepts and tools, such as poised strategy for managing multiple business models, poised strategy scorecards (moving beyond the well-known balanced scorecard), the wheel of business model reinvention, and organizational rejuvenation methods.

The book includes the concepts of: Poised Strategic Management, Organizational Rejuvenation, Business Models as Platform for Strategy, Poised Scorecards, Identifying Sources of Innovation in Business Ecosystems.

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What People Are Saying

From the Publisher
PAUL ADLER, University of Southern California: "Innovation is the key challenge for business today, and this book offers a wonderfully insightful new strategic approach. Great analysis and an up-to-date selection of readings and cases."

NITIN NOHRIA, Harvard Business School:
"This is a unique book on strategy and strategizing in the innovation economy. Leaders and Executives in all organizations need to pay close attention to this book. This is the new direction for strategy in our 21st century, and Davenport, Leibold and Voelpel's book is the first available source."

HEINRICH V. PIERER, former CEO of Siemens AG:
"This book provides a new platform for strategic management approaches and tools, and I trust it will find a particular place in the field of strategic management for innovation, both in business practice and education."

JC SPENDER, Leeds University Business School:
"Based on wide ranging international inputs, the authors offer a superb strategic tool-kit. They take us beyond the Balanced Scorecard to their own Poised Scorecard, more flexible, multi-purposed and practical, and show us the potential of today's networked business eco-systems."

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Product Details

  • ISBN-13: 9783895782633
  • Publisher: Wiley
  • Publication date: 3/27/2006
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 441
  • Product dimensions: 6.99 (w) x 9.90 (h) x 0.92 (d)

Meet the Author

is one of the world's most influential business intellectuals and a best seller author. He is the President's Distinguished Professor of Information Technology and Management at Babson College, Director of Research at Babson Executive Education, and an Accenture Fellow. He has a Ph.D. from Harvard University in organizational behavior.

is Professor in Strategy at Stellenbosch University, South Africa, and visiting professor at various universities in Europe and the USA. His research focuses on new business models and innovation for global competitiveness, incorporating strategic fitness, systemic innovation and paradoxical management approaches applied in various industries and companies. He has authored a number of articles and books in strategic management, and is a Director of the WISE program, a collaborative research program between academic and business organizations in the USA, Europe, Africa and Asia.

is a Director of the research group WISE (Wisdom-Innovation-Strategy-Energy) and Professor of Business Administration at the Jacobs Center for Lifelong Learning and Institutional Development, International University Bremen (IUB), Germany. Besides various professorships around the world he is also a Visiting Fellow at Harvard Business School and the Graduate School of Arts and Sciences at Harvard University since 2001.

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Table of Contents

The global innovation economy and strategic management
Traditional strategic management approaches and tools, and their challenges in handling rapid innovation and change
Shifting the mindset to strategic management for innovation
New strategic management approaches and processes for dynamic innovation capability
Strategic management toolbox for enhanced innovation capability
Leadership capabilities to enhance strategic organizational innovation
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