This exciting new textbook is built on the belief that strategic management principles are more straightforward than they seem. Unlike other textbooks, it does not overcomplicate the discussion with enigmatic layers of theory or irrelevant perspectives from other disciplines. Instead you will find focused, clearly articulated coverage of the key topics of strategic management, encouraging critical reflection and deeper exploration on your own terms. Fully developed to cover the essentials of any strategic management course, this textbook not only creates understanding of the principles of strategy, but shows you how to apply them constructively in the face of real-world practicalities. Throughout the text, these principles are put into context with illustrations and examples drawn from all over the world and from all kinds of organization – from Shell, Airbus and Tesco to small and non-profit enterprises. With an emphasis on topical, distinctive and engaging features, this text offers: • Over 120 short, topical case studies drawn from every type of organization across more than 20 countries, written especially for this book and supplemented with questions and tasks • Worksheets for strategy analysis that can be used to tackle real-world situations • Learning outcomes, key points and summaries to focus your reading on what matters • Chapter-by-chapter exercises for further study and discussion • Suggestions for further reading to deepen your understanding of the theories underpinning the chapters In addition, tutors will benefit from a fully developed companion website offering lecture slides, teaching notes for case studies and assignments, module plans and links to further cases.
Chapter 9: Innovation Strategies
This chapter is designed to enable you to:
- ① Understand and assess the various stages of the demand lifecycle at industry level.
- ② Understand and distinguish various innovation strategies.
- ③ Appreciate the characteristics of technical and non-technical innovation.
- ④ Understand the derivation and significance of the ‘S’ curve.
- ⑤ Understand the different ways in which knowledge is diffused in an enterprise.
Case Study: Dyson plc
James Dyson studied design at the Royal College of Arts. After graduating in 1970 he worked as a designer; four years later he formed Kirk-Dyson Designs Ltd with a partner. Over five years they designed, patented and made innovative, commercially successful products, notably the Ballbarrow (a garden wheelbarrow with a large ball instead of a wheel), the Waterolla (a water-filled hollow garden ...