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Could an Incumbent Firm Develop a Radically New Medical Technology with an Old Organizational Capability? by Mark A Phillips; Krsto Pandza is a Business, Management and Accounting article available to read on EtoBox.

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Our case study addresses how an incumbent firm from the pharmaceutical industry develops a radically new medical technology. We engage with the question as to whether such a radical innovation could be developed by relying on existent patterns of actions (existing organisational capability) or whether such novelty also requires doing innovation differently (new organisational capability). We argue that a sharp conceptual distiction between sustaining existent and developing new organizational capabilities is inadequate for describing organization of a radical innovation within an incubent firm. We propose that developing a radical innovation in a nascent innovation ecosystem requires multiple modifications across many systemic processes that constitute organisational capability for innovation. Hence, many small and interdependent innovations in organisational processes, practices and structures can make a big difference for developing radically new technology. Radical technological innovation goes hand in hand with management innovation. We argue that the nascent innovation ecosystem necessitates a careful balancing between legitimacy-seeking and advantage-seeking actions, which gu

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Author

Mark A Phillips; Krsto Pandza

Publisher

Informa UK Limited

Published

2023

Language

EN

Field

Business, Management and Accounting (Social Sciences)