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Developing strategic innovation in large corporations—The dynamic capability view of the firm
Author(s) -
Kodama Mitsuru
Publication year - 2017
Publication title -
knowledge and process management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.341
H-Index - 44
eISSN - 1099-1441
pISSN - 1092-4604
DOI - 10.1002/kpm.1554
Subject(s) - dynamic capabilities , business , corporation , industrial organization , process management , strategic management , knowledge management , strategic fit , computer science , marketing , finance
Strategic innovation dynamically brings about strategic positioning through new products, services, and business models and is a dynamic view of strategy that enables a large corporation to maintain its competitiveness and establish sustainable growth. For these reasons, large corporations have to be innovators that can reinforce their existing positions (businesses) through incremental innovation, while at the same time, constantly renew or destroy existing business through radical innovation. From detailed reviews of existing dynamic capabilities theories and further theories deeply related to the characteristics of corporate or organizational capabilities, this article presents a theoretical model of a strategic innovation system as a corporate system capability to enable a large company to achieve strategic innovation. Furthermore, through in‐depth longitudinal case studies, the article also discusses the importance of strategic innovation capabilities to achieve a dynamic spiral of the 2 completely different ordinary and dynamic capabilities on the capabilities map, skillfully use and combine to achieve swift or slow incremental innovation as exploitation, or radical innovation as exploration.