The importance of innovation for organizations to remain competitive is widely discussed and well accepted by scholars and practicing managers. However, failures in innovation attempts are quite common and raise many questions. Why do firms with innovative products fail? Does market acceptance of innovations alone guarantee continuous success? Is it innovation strategy that can ensure long-term prosperity? One can argue that it is not only how to innovate that matters, but also where, what and when to innovate that make the difference.
Ideascale2021-12-07T16:10:34-08:00November 29th, 2016|Categories: Strategies|Tags: Business Model Innovation, Competition, Failure, first-mover, focus, incremental innovation, innovation success, leap innovation, process innovation, Product Development, sustainable growth, value, value proposition|