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Simulating the effects of radical innovation with the help of system dynamics

Author

Listed:
  • Samuli Kortelainen
  • Kalle Piirainen
  • Markku Tuominen

Abstract

Radical innovations pose a great challenge for strategic management. Innovation management has traditionally approached change with static methods relying on information on capabilities, strategy and markets. We introduce a system dynamics model to describe how learning changes the dynamics of innovation management. We use a post radical innovation environment to illustrate how the system reacts to different situations through the process of learning. As a result we propose two major propositions for future study that have not been addressed by past innovation management literature.

Suggested Citation

  • Samuli Kortelainen & Kalle Piirainen & Markku Tuominen, 2010. "Simulating the effects of radical innovation with the help of system dynamics," International Journal of Entrepreneurship and Innovation Management, Inderscience Enterprises Ltd, vol. 11(4), pages 457-476.
    • Handle: RePEc:ids:ijeima:v:11:y:2010:i:4:p:457-476
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