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Theories of technological innovation as useful tools for corporate strategy
Author(s) -
Butler John E.
Publication year - 1988
Publication title -
strategic management journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 11.035
H-Index - 286
eISSN - 1097-0266
pISSN - 0143-2095
DOI - 10.1002/smj.4250090103
Subject(s) - process (computing) , product innovation , new product development , innovation process , business , product (mathematics) , knowledge management , innovation management , industrial organization , process management , management science , marketing , economics , computer science , work in process , mathematics , geometry , operating system
Three theories of technology and innovation; the product‐process concept, the meta‐learning concept, and the concept of technological interdependence, are used to relate technology and innovation to strategic management. This paper attempts to identify complementary and unifying concepts in these theories, which are useful to strategic planners. Performance indicators, from the commercial airline industry, are used to illustrate how theoretical assumptions can be related to practical applications. Type of innovation, stage of development, learning at all levels, interdependence between technologies, and users' expectations all appear to play a role in the emergence of technologies and the rate of innovation.