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Technology And Innovation Radars: Effective Instruments For The Development Of A Sustainable Innovation Strategy And Successful Product Launches

Author

Listed:
  • JULIUS GOLOVATCHEV

    (Detecon International GmbH, Oberkasseler Str. 2, D-53227 Bonn, Germany)

  • OLIVER BUDDE

    (Research Institute for Operations Management, Aachen University, Pontdriesch 14/16, D-52062 Aachen, Germany)

  • DANIEL KELLMEREIT

    (Detecon Inc., 128 Spear Street, San Francisco, CA 94105, USA)

Abstract

This paper summarizes many years of experience in process design and methodology implementation for sustainable innovation development as carried out by the authors within several innovation projects in different industries (e.g. fixed and mobile telecommunications, high tech, logistics). We have developed a research innovation approach which provide effective innovation intelligence and scouting through the use of technology and innovation radars. These instruments enable the identification and evaluation of emerging business and technology trends, provide an overview of the relative maturity and assess their relevance to the company. A rating mechanism helps companies to decide when to adopt an innovation and to develop new products and services. Furthermore, the technology and innovation radars are good strategic tools for early stage identification and prioritization in order to give an approximate value judgment without detailed return-on-investment justifications. In later stages of the planning process, the radar tools can be used as a high-level summary of an underlying prioritization process.

Suggested Citation

  • Julius Golovatchev & Oliver Budde & Daniel Kellmereit, 2010. "Technology And Innovation Radars: Effective Instruments For The Development Of A Sustainable Innovation Strategy And Successful Product Launches," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 7(03), pages 229-236.
    • Handle: RePEc:wsi:ijitmx:v:07:y:2010:i:03:n:s0219877010002008
    DOI: 10.1142/S0219877010002008
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    Citations

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    Cited by:

    1. Kerr, Clive & Phaal, Robert, 2018. "Directing the technology intelligence activity: An ‘information needs’ template for initiating the search," Technological Forecasting and Social Change, Elsevier, vol. 134(C), pages 265-276.
    2. Eram Abbasi & Imran Amin & Shama Siddiqui, 2022. "Towards developing innovation management framework (IMF) for ICT organizations at Pakistan," Journal of Innovation and Entrepreneurship, Springer, vol. 11(1), pages 1-23, December.

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