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Diagnosing the Market-Driven Approach to Innovation: Learning from Practice

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  • George S. Day

Abstract

Market-driven innovation features an outside-in approach to strategic growth issues. This approach is guided by an organic growth strategy and a dashboard of innovation metrics, while iterating between outside-in considerations and the possibilities and constraints of inside-out factors, and enabled by dynamic sensing and seizing capabilities. This paper describes how this approach is integrated with technology-driven approaches to innovation, and activated through four core activities: identifying growth opportunities, selecting and validating the best opportunities, containing risks in the portfolio of innovation initiatives, and then launching and scaling the outcome of the development activities. We propose a research agenda that addresses the antecedents, moderators, and consequences of market-driven innovation, and the process of implementing this approach.

Suggested Citation

  • George S. Day, 2025. "Diagnosing the Market-Driven Approach to Innovation: Learning from Practice," Strategic Management Review, now publishers, vol. 6(3), pages 333-362, April.
    • Handle: RePEc:now:jnlsmr:111.00000083
    DOI: 10.1561/111.00000083
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