100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
HC 3 - I&E summary $4.01
Add to cart

Summary

HC 3 - I&E summary

 235 views  0 purchase
  • Course
  • Institution

Summary lectures innovation & entrepreneurship

Preview 1 out of 6  pages

  • June 6, 2016
  • 6
  • 2015/2016
  • Summary
avatar-seller
HC 3 – Building a framework 21-04-2016

Study factors affect level of success/failure (product or service)

Structure
1. Introduce 3 core variables of frameworks
2. Social construction and legitimation: What, by whom, why, how
3. Resources
4. Organizational forms

To help you in developing your theoretical frameworks on factors that
influence the success of a product or service innovation (4th learning
objective).

Aldrich & Fiol, 1994: The more radical innovation, the higher the risk. Related
to liabilities of newness (= new activities/innovation/new ventures have a
higher risk of dying/not surviving. Do not have relationships to vendors etc.
Potential difference between new and existing organizations (e.g. Shell 
liability of newness is lower, but completely new  risk high).

To reduce risk: innovation requires:
- Legitimization (stakeholders understand an except your innovation)
- Resources (Assets, knowledge, money etc.)
- Appropriate organization form (do it yourself (hierarchical) or cooperate
(strategic alliance)
 Links between factors.
- Legitimacy can be type of resources others say  way of acquiring
resources.
- Also link resources and org form.

1. Legitimacy (Aldrich & Fiol, 1994)
a. Legitimacy is an important factor influencing a new industry
success.
b. Building industry around innovation: focus on new types of
innovation.
c. E.g. Tesla (battery needs infrastructure), Uber (taxi drivers,
government has to make rules)  arrive when something is
new.
- Cognitive legitimacy: how much knowledge is there about the new
activity? (if people don’t understand where innovation is about, hard to
be legit)
- Sociopolitical legitimacy: Do key stakeholders, the general public,
key opinion leaders or government officials accept an activity as
appropriate and right? (want to achieve this, turn innovation into
industry: need instruments to create this).
- Need to be legitimated: innovation types:
o Product innovations
o Process innovations

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Jasmijn1993. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $4.01. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52510 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$4.01
  • (0)
Add to cart
Added