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Exploratory Opportunities Management Strategies

Explore various strategies for managing exploratory opportunities to drive innovation and growth. Learn about the 3 innovation levels, financial hurdles, value networks, and organizational complexity in handling new and existing innovations.

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Exploratory Opportunities Management Strategies

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  1. Strategies for the Management of Exploratory Opportunities Heidi M.J. Bertels Peter A. Koen Stevens Institute of Technology, Hoboken, NJ

  2. Agenda What exploration can do The incumbent perspective Research agenda: 3 dilemma’s

  3. It’s hard to compete with…

  4. … Adshel

  5. … JetBlue

  6. Why?

  7. 3

  8. INNOVATION (product/service/process level) Incremental Architectural Radical

  9. INNOVATION (product/service/process level) Incremental Architectural Radical Existing Higher Lower FINANCIAL HURDLE (Organizational Level)

  10. VALUE NETWORK (Ecology Level) NEW non consumer NEW existing consumer ESTABLISHED INNOVATION (product/service/process level) Incremental Architectural Radical Existing Higher Lower FINANCIAL HURDLE (Organizational Level)

  11. 3

  12. Organizational Complexity

  13. Separated? Integrated? Or both?

  14. Financial Uncertainty

  15. Financial assessments are important “…not because of their accuracy but because of the learning opportunities they present.” (Govindarajan & Trimble, 2005)

  16. Team Prior Knowledge

  17. “What an individual can discover is related to his or her prior knowledge (prior experience and education).” (Shane, 2000)

  18. Take Away’s 3 dimensions along which to explore 3 dilemma’s to take into consideration

  19. Heidi Bertels, PhD Student Peter Koen, Associate Professor

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