Strategic Management in the Innovation Economy : Strategic Approaches and Tools for Dynamic Innovation Capabilities

Innovative ruptures of traditional boundaries in value chains are requiring companies to rethink how they go to market, what they need to own, what they need to retain and innovate as core competencies, and how they innovatively deal with suppliers and customers.

The key message of the book is that the new knowledge-networked innovation economy requires a totally different strategic management mindset, approach and toolbox, and its major value-added is a new strategic management approach and toolbox for the innovation economy - a poised strategy approach. Designed for both managers and advanced business students, the book provides a unique combination of new management theory, selected managerial articles by prominent scholars such as Clayton Christensen, Henry Chesbrough, Sumantra Ghoshal, Quinn Mills, and Peter Senge, and a wide array of real-world case examples including GE, Shell, IBM, HP, BRL Hardy, P&G, Southwest Airlines and McGraw-Hill, within the dynamics of industries such as airlines, energy, telecommunications, wine & beverages, and computing. The authors illustrate powerful new strategic innovation concepts and tools, such as poised strategy for managing multiple business models, poised strategy scorecards (moving beyond the well-known balanced scorecard), the wheel of business model reinvention, and organizational rejuvenation methods.

The book includes the concepts of: Poised Strategic Management, Organizational Rejuvenation, Business Models as Platform for Strategy, Poised Scorecards, Identifying Sources of Innovation in Business Ecosystems.

THOMAS H. DAVENPORT
is one of the world�s most influential business intellectuals and a best seller author. He is the President's Distinguished Professor of Information Technology and Management at Babson College, Director of Research at Babson Executive Education, and an Accenture Fellow. He has a Ph.D. from Harvard University in organizational behavior.

MARIUS LEIBOLD
is Professor in Strategy at Stellenbosch University, South Africa, and visiting professor at various universities in Europe and the USA. His research focuses on new business models and innovation for global competitiveness, incorporating strategic fitness, systemic innovation and paradoxical management approaches applied in various industries and companies. He has authored a number of articles and books in strategic management, and is a Director of the WISE program, a collaborative research program between academic and business organizations in the USA, Europe, Africa and Asia.

SVEN C. VOELPEL
is a Director of the research group WISE (Wisdom-Innovation-Strategy-Energy) and Professor of Business Administration at the Jacobs Center for Lifelong Learning and Institutional Development, International University Bremen (IUB), Germany. Besides various professorships around the world he is also a Visiting Fellow at Harvard Business School and the Graduate School of Arts and Sciences at Harvard University since 2001.