Commenced in January 2007
Paper Count: 31742
Radical Technological Innovation–Comparison of a Critical Success Factors Framework with Existing Literature
Abstract:Radical technological innovations enable companies to reach strong market positions and are thus desirable. On the other hand, the innovation process is related to significant costs and risks. Hence, the knowledge of the factors that influence success is crucial for technology driven companies. Taking a previously developed framework of Critical Success Factors for radical technological innovations as a reference model, we conducted a structured and focused literature review of eleven standard books within the field of technology and innovation management. With this approach we aim to evaluate, expand, and clarify the set of Critical Success Factors detailed in this framework. Overall, the set of factors and their allocation to the main categories of the framework could be confirmed. However, the factor organizational home is not emphasized and discussed in most of the reviewed literature. On the other hand, an additional factor that has not been part of the framework is described to be important – strategy fit. Furthermore, the factors strategic alliances and platform strategy appear in the literature but in a different context compared to the reference model.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1109427Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 1466
 H.-J. Bullinger, Einführung in das Technologiemanagement. Modelle, Methoden, Praxisbeispiele, Teubner, Stuttgart, 1994.
 M.A. Schilling, Strategic Management of Technological Innovation, McGraw-Hill/Irwin, New York, 2010.
 M. Terziovski, Building Innovation Capability in Organizations. An International Cross-Case Perspective, Imperial College Press; Distributed by World Scientific, London, Singapore, Hackensack, NJ, 2007.
 F. Wohlfeil, O. Terzidis, Critical Success Factors for the Strategic Management of Radical Technological Innovation, in: 2014 International Conference on Engineering, Technology and Innovation (ICE) pp. 1–9.
 J.F. Rockart, Chief Executives Define their Own Data Needs, Harvard Business Review 57, 1979, 81–93.
 T. Butler, B. Fitzgerald, Unpacking the Systems Development Process: An Empirical Application of the CSF Concept in a Research Context, The Journal of Strategic Information Systems 8, 1999, 351–371.
 J.K. Leidecker, A.V. Bruno, Identifying and Using Critical Success Factors, Long Range Planning 17, 1984, 23–32.
 P.A. Abetti, Critical Success Factors for Radical Technological Innovation: A Five Case Study, Creativity & Inn Man 9, 2000, 208–221.
 D.V. Gibson, R.W. Smilor, Key Variables in Technology Transfer: A Field-Study Based Empirical Analysis, Journal of Engineering and Technology Management 8, 1991, 287–312.
 W.E. Souder, Improving Productivity through Technology Push, Research-Technology Management 32, 1989, 19–24.
 R. Rothwell, C. Freeman, A. Horlsey, V. Jervis, A.B. Robertson, J. Townsend, SAPPHO Updated - Project SAPPHO phase II, Research Policy 3, 1974, 258–291.
 V. Chiesa, F. Frattini, Commercializing Technological Innovation: Learning from Failures in High-Tech Markets, Journal of Product Innovation Management 28, 2011, 437–454.
 C.M. McDermott, G.C. O'Connor, Managing Radical Innovation: An Overview of Emergent Strategy Issues, Journal of Product Innovation Management 19, 2002, 424–438.
 R. Henderson, Underinvestment and Incompetence as Responses to Radical Innovation: Evidence from the Photolithographic Alignment Equipment Industry, The RAND Journal of Economics 24, 1993, 248– 270.
 OECD, The Conditions for Success in Technological Innovation, Paris, 1971.
 W.M. Cohen, D.A. Levinthal, Absorptive Capacity: A New Perspective on Learning and Innovation, Administrative Science Quarterly, 1990, 128–152.
 G.C. O'Connor, R. DeMartino, Organizing for Radical Innovation: An Exploratory Study of the Structural Aspects of RI Management Systems in Large Established Firms, Journal of Product Innovation Management 23, 2006, 475–497.
 R.K. Chandy, G.J. Tellis, Organizing for Radical Product Innovation: The Overlooked Role of Willingness to Cannibalize, Journal of Marketing Research 35, 1998, 474–487.
 A.B. Sorescu, R.K. Chandy, J.C. Prabhu, Sources and Financial Consequences of Radical Innovation: Insights from Pharmaceuticals, Journal of Marketing 67, 2003, 82–102.
 R. Balachandra, J.H. Friar, Factors for Success in R&D Projects and New Product Innovation: A Contextual Framework, IEEE Trans. Eng. Manage. 44, 1997, 276–287.
 L.G. Tornatzky, M. Fleischer, The Processes of Technological Innovation, Lexington Books, Lexington, Mass, 1990.
 K.M. Eisenhardt, Building Theories from Case Study Research, The Academy of Management Review 14, 1989, 532–550.
 M. Saunders, P. Lewis, A. Thornhill, Research Methods for Business Students, Pearson, Harlow, England, New York, 2012.
 P.D. Leedy, J.E. Ormrod, Practical research. Planning and Design, Pearson Education, Upper Saddle River, N.J, Harlow, 2009.
 P. Kelly, M. Kranzberg, Technological Innovation: A Critical Review of Current Knowledge, 1978.
 C.M. Christensen, The Innovator's Dilemma. When New Technologies Cause Great Firms to Fail, Harvard Business School Press, Boston, Mass, 1997.
 J. Tidd, J.R. Bessant, K. Pavitt, Managing Innovation. Integrating Technological, Market and Organizational Change, Wiley, Hoboken, 2005.
 T.H. Byers, R.C. Dorf, A.J. Nelson, Technology Ventures. From Idea to Enterprise, McGraw-Hill, 2010.
 L.G. Tornatzky, M. Fleischer, A.K. Chakrabarti, Processes of Technological Innovation, 1990.
 V.K. Jolly, Commercializing New Technologies. Getting from Mind to Market, Harvard Business School Press, Boston, Mass, 1997.
 M.A. White, G.D. Bruton, The Management of Technology and Innovation. A Strategic Approach, Thomson/South-Western, Mason, OH, 2007.
 R. Boutellier, O. Gassmann, M. von Zedtwitz, Managing Global Innovation: Uncovering the Secrets of Future Competitiveness, Springer Science & Business Media, 2008.
 P. Trott, Innovation Management and New Product Development, Financial Times/Prentice Hall, Harlow, England, New York, 2012.
 D. Vahs, A. Brem, Innovationsmanagement. Von der Idee zur erfolgreichen Vermarktung, Schäffer-Poeschel, Stuttgart, 2012.