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Digital Innovation in Incumbent Firms: An Exploratory Analysis of Value Creation

In: TRENDS IN INNOVATION AND ENTREPRENEURSHIP RESEARCH Ecosystems, Digital Technologies and Responses to Shocks

Author

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  • Micha Bosler
  • Wolfgang Burr
  • Leonie Ihring

Abstract

Incumbent firms’ competitiveness largely depends on the ability to develop digital innovation as novel combination of digital and physical components. This paper provides a better understanding of value creation through digital innovation, focussing on market offerings from incumbent firms. Based on the insights of an exploratory multiple case study with seven cases from the automotive, machine engineering, and consumer goods industries in Germany, we explain the multi-sided changes required for the development and management of digital innovations. Afterwards, we contribute to the further theorization of digital innovation. According to our empirical findings, we decided to discuss the applicability of the resource-based and competence-based approach.

Suggested Citation

  • Micha Bosler & Wolfgang Burr & Leonie Ihring, 2023. "Digital Innovation in Incumbent Firms: An Exploratory Analysis of Value Creation," World Scientific Book Chapters, in: Alexander Brem & Jin Chen (ed.), TRENDS IN INNOVATION AND ENTREPRENEURSHIP RESEARCH Ecosystems, Digital Technologies and Responses to Shocks, chapter 7, pages 167-188, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789811273292_0007
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    More about this item

    Keywords

    Innovation and Entrepreneurship Research; Digital Technologies; Ecosystems; Sextuple Helix; Solar PV Industry; Academic Entrepreneurship; Digital Transformation; Global Diffusion of Innovation; Marketplace Platform; Future Crises; Industry Technology Transfer;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D
    • O33 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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