Social Networking and Innovation Strategy

How wars are won, including when, where, and whether to fight battles, as well as preparing for war by understanding external threats and opportunities.

How firms manage R&D activities, develop new products and services, and improve operations.

Analysis of the firm's competitive and technological environment, and assessment of its external challenges and opportunities.

<p>Innovation strategy needs to comprehensively accommodate uncertainty.</p> Signup and view all the answers

<p>Because they cannot accommodate uncertainty and unknowable futures.</p> Signup and view all the answers

<p>Some uncertainty is always present.</p> Signup and view all the answers

<p>Uncertainty about one's own capabilities and the capabilities and intent of adversaries.</p> Signup and view all the answers

<p>To prioritize and develop the right technological innovations by ensuring that appropriate resources, capabilities, and processes are used to their best effect.</p> Signup and view all the answers

<p>Comprehensive and coherent approaches to how business issues fit together.</p> Signup and view all the answers

<p>Unwritten or implicit strategy</p> Signup and view all the answers

<p>Well-established sectors and stable business environments</p> Signup and view all the answers

<p>Statements on the role of innovation in meeting corporate strategic objectives</p> Signup and view all the answers

<p>An accurate understanding of market trends and technological and competitive circumstances</p> Signup and view all the answers

<p>Plans for developing and mobilizing resources and innovative capabilities in a timely manner</p> Signup and view all the answers

<p>Emergent and less specific strategies</p> Signup and view all the answers

<p>Because they involve simple research-push or responding to customer demands</p> Signup and view all the answers

<p>A more complex approach, such as the fifth-generation process</p> Signup and view all the answers

<p>Articulation of the firm's innovation ambitions and long-term objectives</p> Signup and view all the answers

<p>the innovative capabilities that shape and guide the formulation of an innovation strategy and the selection and use of appropriate innovation processes</p> Signup and view all the answers

<p>defining their innovation strategies and building their innovative capabilities</p> Signup and view all the answers

<p>assessing the level of uncertainty surrounding decision-making to tailor strategy accordingly</p> Signup and view all the answers

<p>Courtney, Kirkland, and Viguerie (1997)</p> Signup and view all the answers

<p>Clear enough evidence about likely future markets and competitive environments is available</p> Signup and view all the answers

<p>A number of alternative futures exist, which can be described in scenarios</p> Signup and view all the answers

<p>A wide range of possible future outcomes exists, and it is not possible to develop discrete scenarios</p> Signup and view all the answers

<p>to tailor strategy accordingly</p> Signup and view all the answers

<p>Capturing market share</p> Signup and view all the answers

<p>Fast followers</p> Signup and view all the answers

<p>Reynolds and Eversharp</p> Signup and view all the answers

<p>Longer lead times before competitive entry</p> Signup and view all the answers

<p>Access to complementary assets</p> Signup and view all the answers

<p>To learn from the failures of others and wait until the market was settled</p> Signup and view all the answers

<p>News International's purchase of MySpace in 2006</p> Signup and view all the answers

<p>Lexmark printers, renamed as Dell printers</p> Signup and view all the answers

<p>Allowing the firm to learn from the failures of others</p> Signup and view all the answers

<p>Proactive strategies involve technological and market leadership with a strong research orientation, while reactive strategies involve responding slowly to innovation and playing the cost-cutting game.</p> Signup and view all the answers

<p>DuPont or Apple</p> Signup and view all the answers

<p>To defend existing technologies and markets, but with the preparedness to respond quickly once markets and technologies are proven.</p> Signup and view all the answers

<p>They only engage in innovation once it is demanded by customers and is risk-free.</p> Signup and view all the answers

<p>FMA enables firms to enjoy returns and take big bets, often pursuing proactive strategies.</p> Signup and view all the answers

<p>Not provided in the given content, but can be inferred as innovation strategy focusing on technological and market leadership, while mainstream business strategy focuses on general business operations.</p> Signup and view all the answers

<p>A strong research orientation is a key aspect of proactive innovation strategies.</p> Signup and view all the answers

<p>Hedging bets allows firms to respond quickly once markets and technologies are proven, while minimizing risks.</p> Signup and view all the answers

<p>They pursue reactive innovation strategies, responding slowly to innovation and playing the cost-cutting game.</p> Signup and view all the answers