Innovation and Entrepreneurship

by John Bessant (University of Exeter Business School ); Joe Tidd (University of Sussex)

• ISBN13: 9780470032695
• ISBN10: 0470032693
• Format: Paperback
• Copyright: 2007-06-01
• Publisher: WILEY

Summary

Developed for courses at both undergraduate and postgraduate level Innovation and Entrepreneurship is an accessible introductory text written primarily for students of business and management studies. The book is also suitable for engineering students studying courses in business and management. Contemporary issues in both innovation and entrepreneurship are used to engage and excite students, and lead them to the relevant theory, models and lessons. The authors have created a new text which includes: Fully integrated contemporary themes in innovation, such as sustainability, social entrepreneurship and creating new ventures. A focus on the role of individual entrepreneurship and organizational innovation, in private and public services. Contemporary cases from areas including new media, computer gaming, internet services, and public and social innovation cases.

Author Biography

John Bessant is Professor and Chair in Innovation Management at Tanaka Business School, Imperial College, London. He also holds a Fellowship of the Advanced Institute for Management Research.

Joe Tidd is Professor of Technology and Innovation Management and Director of Studies at SPRU (Science and Technology Policy Research) University of Sussex.
Joe Tidd and John Bessant are also authors of Managing Innovation: Integrating Technological, Market and Organizational Change, published by John Wiley & Sons, Ltd.

Table of Contents

Preface	p. xi
Acknowledgements	p. xiii
Principles	p. 1
The Innovation Imperative	p. 3
Innovation - Everybody's Talking About It...	p. 4
Innovation Matters...	p. 4
...but it isn't Easy!	p. 7
Managing Innovation	p. 9
What Do We Know about Managing Innovation?	p. 10
Understanding the What	p. 12
Creating the Conditions for Effective Innovation	p. 17
What, Why and When - the Challenge of Innovation Strategy	p. 21
Developing Personal Capabilities	p. 26
Chapter Summary	p. 27
Key Terms Defined	p. 29
Further Reading and Resources	p. 29
References	p. 30
Discussion Questions	p. 30
Team Exercises	p. 31
Assignment and Case Study Questions	p. 32
Organizing Innovation and Entrepreneurship	p. 39
Linking Creativity, Entrepreneurship and Innovation	p. 40
Personality: Promoting Individual Creativity	p. 41
Processes: Strategies and Stages of Creativity	p. 46
Environment: Creating a Climate for Innovation	p. 54
Developing Personal Capabilities	p. 66
Chapter Summary	p. 70
Key Terms Defined	p. 71
Further Reading and Resources	p. 71
References	p. 72
Discussion Questions	p. 73
Team Exercise: Brainstorming and Spider Diagrams	p. 73
Assignment and Case Study Questions	p. 74
Networks and Systems	p. 81
No man is an Island...	p. 82
The Spaghetti Model of Innovation	p. 83
Types of Innovation Networks	p. 84
Networks at the Start-up	p. 88
Networks on the Inside	p. 89
Networks on the Outside	p. 89
Networks into the Unknown	p. 92
Learning Networks	p. 93
Making Networks Happen - Networks by Design	p. 94
Developing Personal Capabilities	p. 97
Chapter Summary	p. 98
Key Terms Defined	p. 98
Further Reading and Resources	p. 99
References	p. 99
Discussion Questions	p. 100
Team Exercises	p. 100
Assignment and Case Study Questions	p. 100
Context	p. 105
Innovative Manufacturing	p. 107
Images of Manufacturing	p. 108
From Craft to Agile	p. 111
From Hands to High-Involvement	p. 116
Harnessing the 'Hundred-headed Brain'	p. 119
From Things to Knowledge	p. 127
From Hand Tools to Intelligent Manufacturing	p. 131
From Solo Act to Network	p. 135
Developing Personal Capabilities	p. 137
Chapter Summary	p. 138
Key Terms Defined	p. 139
Further Reading and Resources	p. 140
References	p. 141
Discussion Questions	p. 141
Team Exercises	p. 142
Assignment and Case Study Questions	p. 142
New Product and Service Development	p. 147
Service Versus Product Development	p. 148
Products and Service Development Strategies: Success Factors	p. 152
Organization for Development and Delivery of New Products and Services	p. 159
Processes for New Product and Service Development	p. 164
Tools and Technology to Support Service Innovation	p. 167
Developing Personal Capabilities	p. 172
Chapter Summary	p. 175
Key Terms Defined	p. 175
Further Reading and Resources	p. 176
References	p. 176
Discussion Questions	p. 177
Team Exercise	p. 177
Assignment and Case Study Questions	p. 177
Practice	p. 183
Creating and Sharing Knowledge and Intellectual Property	p. 185
Generating and Acquiring Knowledge	p. 186
Identifying and Codifying Knowledge	p. 188
Storing and Retrieving Knowledge	p. 192
Sharing and Distributing Knowledge	p. 194
Translating Knowledge into Innovation	p. 197
Exploiting Intellectual Property	p. 202
Developing Personal Capabilities	p. 211
Chapter Summary	p. 214
Key Terms Defined	p. 214
Further Reading and Resources	p. 215
References	p. 216
Discussion Questions	p. 217
Team Exercise	p. 217
Assignment and Case Study Questions	p. 218
Exploiting Discontinuous Innovation	p. 221
Introduction	p. 222
The Problem and the Opportunity in Discontinuous Innovation	p. 224
Innovation Life Cycles - from Discontinuity to Steady-state	p. 226
Discontinuous Can Be Disruptive	p. 229
Managing Discontinuous Innovation	p. 234
Dealing with Discontinuity	p. 236
Do We Need a New Model for Managing Innovation?	p. 237
How to Search for the Unexpected?	p. 237
Developing Alternative Strategic Frames	p. 242
Extending Resource Allocation Approaches	p. 242
Managing Discontinuous Innovation	p. 245
Developing Personal Capabilities	p. 246
Chapter Summary	p. 246
Key Terms Defined	p. 247
Further Reading and Resources	p. 247
References	p. 248
Discussion Questions	p. 248
Team Exercises	p. 249
Assignment and Case Study Questions	p. 250
Entrepreneurship and New Ventures	p. 255
Characteristics of Entrepreneurs	p. 256
Context for Entrepreneurship	p. 262
Process and Stages for Creating a New Venture	p. 271
Developing Personal Capabilities	p. 287
Chapter Summary	p. 289
Key Terms Defined	p. 290
Further Reading and Resources	p. 290
References	p. 291
Discussion Questions	p. 293
Team Exercise	p. 293
Assignment and Case Study Questions	p. 293
Social Entrepreneurship and Innovation	p. 297
Thinking about Innovation	p. 298
Uncommon Heroes	p. 301
Big can be Beautiful Too	p. 303
Challenges in Managing Social Entrepreneurship and innovation	p. 310
Developing Personal Capabilities	p. 313
Chapter Summary	p. 314
Key Terms Defined	p. 314
Further Reading and Resources	p. 315
References	p. 315
Discussion Questions	p. 315
Team Exercise	p. 316
Assignment and Case Study Questions	p. 316
Innovation for Growth and Sustainability	p. 323
Innovation for Sustainability	p. 324
Open Systems of Innovation	p. 336
Diffusion and Adoption of Innovations	p. 341
Forecasting and Influencing Future Innovation	p. 348
Developing Personal Capabilities	p. 351
Chapter Summary	p. 353
Key Terms Defined	p. 353
Further Reading and Resources	p. 354
References	p. 355
Discussion Questions	p. 355
Team Exercise	p. 356
Assignment and Case Study Questions	p. 356
Innovation, Globalization and Development	p. 359
Globalization of Innovation	p. 360
National Systems of Innovation	p. 369
Positions in International Value Chains	p. 376
Building Capabilities and Creating Value	p. 380
Developing Personal Capabilities	p. 386
Chapter Summary	p. 393
Key Terms Defined	p. 393
Further Reading and Resources	p. 394
References	p. 394
Discussion Questions	p. 395
Team Exercise: Identifying Capabilities	p. 396
Assignment and Case Study Questions	p. 396
Action	p. 401
Taking the Next Steps - Making it Happen	p. 403
Introduction	p. 404
Making Innovation Happen	p. 406
Generating Ideas	p. 408
Selection	p. 418
Implementation	p. 422
Strategic Leadership	p. 429
Building an Innovative Organization	p. 432
Networking for Innovation	p. 435
Learning to Manage Innovation	p. 437
Managing Innovation and Entrepreneurship	p. 438
Developing Personal Capabilities	p. 439
Chapter Summary	p. 440
Key Terms Defined	p. 440
Further Reading and Resources	p. 440
References	p. 441
Discussion Questions	p. 441
Assignment and Case Study Questions	p. 442
Index	p. 447
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