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Managing Innovation: Integrating Technological, Market and Organizational Change, 5th Edition

July 2013, ©2013
Managing Innovation: Integrating Technological, Market and Organizational Change, 5th Edition (EHEP003053) cover image


Managing Innovation is an established, bestselling text for MBA, MSc and advanced undergraduate courses on innovation management, management of technology, new product development and entrepreneurship. It is also widely used by managers in both the services and manufacturing sectors.

Now in its fifth edition, Managing Innovation has been fully revised and now comes with a fully interactive e-book housing an impressive array of videos, cases, exercises and tools to bring innovation to life. The book is also accompanied by the Innovation Portal at www.innovation-portal.info which contains an extensive collection of additional digital resources for both lecturers and students.


  • The Research Notes and Views from the Front Line feature boxes strengthen the evidence-based and practical approach making this a must read for anyone studying or working within innovation
  • The Innovation Portal www.innovation-portal.info  is an essential resource for both student and lecturer and includes the Innovation Toolkit – a fully searchable array of practical innovation tools along with a compendium of cases, exercises, tools and videos
  • The interactive e-book that accompanies the text provides enriched content to deepen the readers understanding of innovation concepts
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Table of Contents

About the Authors xiii

Acknowledgements xiv

Preface to the Fifth Edition xv

How to Use This Book xvii

Part I Managing Innovation 1

Chapter 1 Innovation – What it is and Why it Matters 3

1.1 Introduction 3

1.2 Why Innovation Matters 5

1.3 Innovation and Entrepreneurship 8

1.4 How Innovation Matters 9

1.5 Old Question, New Context 15

1.6 What is Innovation? 18

1.7 A Process View of Innovation 21

1.8 Scope for/Types of Innovation 23

1.9 Exploring Different Aspects of Innovation 30

1.10 Managing Innovation . . . 46

Summary and Further Reading 53

References 55

Chapter 2 Innovation as a Core Business Process 59

2.1 Introduction 59

2.2 Variations on a Theme 61

2.3 A Contingency Model of the Innovation Process 74

2.4 Evolving Models of the Process 75

2.5 Can We Manage Innovation? 79

2.6 Building and Developing Routines Across the Core Process 82

2.7 Learning to Manage Innovation 83

2.8 Measuring Innovation Success 85

2.9 What Do We Know About Successful Innovation Management? 85

2.10 Success Routines in Innovation Management 88

2.11 Beyond the Steady State 95

Summary and Further Reading 98

References 99

Part II Context 105

Chapter 3 Building the Innovative Organization 107

3.1 Shared Vision, Leadership and the Will to Innovate 109

3.2 Appropriate Organization Structure 115

3.3 Key Individuals 120

3.4 High Involvement in Innovation 124

3.5 Effective Team Working 132

3.6 Creative Climate 139

3.7 Boundary-Spanning 155

Summary and Further Reading 161

References 161

Chapter 4 Developing an Innovation Strategy* 169

4.1 ‘Rationalist’ or ‘Incrementalist’ Strategies for Innovation? 170

4.2 The Dynamic Capabilities of Firms 182

4.3 Appropriating the Benefi ts from Innovation 188

4.4 Technological Trajectories 195

4.5 Developing Firm-Specifi c Competencies 198

4.6 Globalization of Innovation 212

4.7 Enabling Strategy Making 218

Summary and Further Reading 224

References 225

Part III Search 231

Chapter 5 Sources of Innovation 233

5.1 Where do Innovations Come From? 233

5.2 Knowledge Push . . . 234

5.3 Need Pull . . . 236

5.4 Whose Needs? 243

5.5 Towards Mass Customization 249

5.6 Users as Innovators 252

5.7 Extreme Users 256

5.8 Watching Others 258

5.9 Recombinant Innovation 259

5.10 Design-led Innovation 260

5.11 Regulation 262

5.12 Futures and Forecasting 262

5.13 Accidents 263

5.14 A Framework for Looking at Innovation Sources 266

5.15 How to Search 268

5.16 Absorptive Capacity 271

5.17 Balancing Exploitation and Exploration 273

5.18 Tools and Mechanisms to Enable Search 274

5.19 Two Dimensions of Innovation Search 284

5.20 A Map of Innovation Search Space 286

Summary and Further Reading 292

References 293

Chapter 6 Innovation Networks 299

6.1 No Man is an Island . . . 299

6.2 The ‘Spaghetti’ Model of Innovation 301

6.3 Innovation Networks 302

6.4 Networks at the Start-Up 309

6.5 Networks on the Inside . . . 311

6.6 Networks on the Outside 313

6.7 Networks into the Unknown 316

6.8 Managing Innovation Networks 319

Further Reading and Resources 323

References 324

Part IV Select 327

Chapter 7 Decision Making Under Uncertainty 329

7.1 Introduction 329

7.2 Meeting the Challenge of Uncertainty 330

7.3 The Funnel of Uncertainty 330

7.4 Decision Making for Incremental Innovation 332

7.5 Building the Business Case 336

7.6 Building Coalitions 336

7.7 Spreading the Risk – Building a Portfolio 338

7.8 Decision Making at the Edge 339

7.9 Mapping the Selection Space 346

Summary and Further Reading 354

References 354

Chapter 8 Building the Innovation Case 359

8.1 Developing the Business Plan 359

8.2 Forecasting Innovation 362

8.3 Estimating the Adoption of Innovations 369

8.4 Assessing Risk, Recognizing Uncertainty 378

8.5 Anticipating the Resources 384

Summary and Further Reading 399

References 400

Part V Implement 403

Chapter 9 Creating New Products and Services 405

9.1 Processes for New Product Development 405

9.2 Infl uence of Technology and Markets on Commercialization 421

9.3 Differentiating Products 425

9.4 Building Architectural Products 430

9.5 Commercializing Technological Products 437

9.6 Implementing Complex Products 441

9.7 Service Innovation 446

Summary and Further Reading 456

References 457

Chapter 10 Exploiting Open Innovation and Collaboration 461

10.1 Joint Ventures and Alliances 461

10.2 Collaborating with Suppliers to Innovate 486

10.3 User-Led Innovation 491

10.4 Benefits and Limits of Open Innovation 493

Summary and Further Reading 496

References 497

Part VI Capture 503

Chapter 11 Exploiting Entrepreneurship and New Ventures 505

11.1 What is a Venture? 505

11.2 Internal Corporate Venturing 517

11.3 Spin-Outs and New Ventures 538

Summary and Further Reading 559

References 560

Chapter 12 Capturing the Benefi ts of Innovation 565

12.1 Creating Value Through Innovation 565

12.2 Innovation and Firm Performance 569

12.3 Exploiting Knowledge and Intellectual Property 573

12.4 Broader Economic and Social Benefi ts 595

12.5 Choosing a Business Model 611

Summary and Further Reading 618

References 619

Chapter 13 Capturing Learning from Innovation 623

13.1 What have We Learned About Managing Innovation? 623

13.2 How can We Build Dynamic Capability? 625

13.3 Learning to Manage Innovation 626

13.4 Tools to Help Capture Learning 628

13.5 Innovation Auditing 630

13.6 Measuring Innovation Performance 631

13.7 Measuring and Developing Innovation Management Capability 632

13.8 Using the Framework 637

13.9 Variations on a Theme 638

13.10 Final Thoughts 642

Summary and Further Reading 644

References 644

Index 647

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Author Information

Joe Tidd is Professor of technology and information management at SPRU (Science and Technology Policy Research) and visiting Professor at University College London, Cass Business School, Copenhagen Business School, and Rotterdam School of Management. Dr Tidd was previously Head of the Management of Innovation Specialisation and Director of the Executive MBA Programme at Imperial College.

John Bessant holds the Chair in Innovation and Entrepreneurship at Exeter University where he is also Research Director. In 2003, he was awarded a Fellowship with the Advanced Institute for Management Research and was also elected a Fellow of the British Academy of Management. He served on the Business and Management Panel of both the 2001 and 2008 Research Assessment Exercises. He has acted as advisor to various national governments and to international bodies including the United Nations, The World Bank and the OECD.

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New To This Edition

• A focus on the needs of lecturers with a wealth of digital content to support teaching

• Included with each new copy of Managing Innovation, 5e students have access  
  to the entire text as an interactive e-Book featuring a wealth of embedded media.

• A new innovation portal at www.innovation-portal.info providing access to an impressive range of    
  cases, tools and video that bring innovation to life

•  An overview of the history and development of concepts and research on innovation   
   management, from Schumpeter to Chesbrough

•  A more explicit review of Open Innovation concepts and research, in addition to current material on 
   collaboration and networks

•  Greater coverage of innovative business models and  intellectual property, social innovation 
   and entrepreneurship

•  Expanded discussion of supplier-led and user-innovation

•  Innovation in BRIC economies, challenges and new models

Designed to meet the needs of lecturers, new online resources include:

• Seminar and tutorial plans for key themes, along with written case study, video and guide Q&A with 
  learning outcomes

• Integral case studies crossing themes and chapters

• A fully revised and searchable toolkit with an Innovation App

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The Wiley Advantage

  • A new edition of a best-selling text for MBA, MSc and advanced undergraduate courses on management of technology, innovation management and entrepreneurship.
  • Offers a complete framework for thinking about innovation across technological, market and organizational perspectives, while integrating the latest developments in the field. 


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Professor Reviews

"Tidd and Bessant′s text has become a standard for students and practitioners of innovation. They offer a lively account on innovation management full of interesting and new examples, but one that at the same time is rigorously anchored in what we have learned over the last thirty years on how to manage that ultimate business challenge of renewing products, processes, and business models. Those who want to innovate must read this book."
- Professor Arnoud De Meyer , Director, Judge Business School, University of Cambridge, UK

"Innovation matters and this book by two leaders in the field which is clear and practical as well as rigorous should be essential reading for all seeking to study or to become involved in innovation."
-  Chris Voss , Professor of Operations and Technology Management, London Business School, UK

"A comprehensive and comprehensible compendium on the management of innovation. It is very well organized and very well presented. A pedagogic tool that will work at multiple levels for those wishing to gain deeper insights into some of the most challenging and important management issues of the day."
- David J. Teece , Thomas W. Tusher Professor in Global Business, Haas School of Business, University of California, Berkeley, USA
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Instructors Resources
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Purchase Options
Wiley E-Text   
Managing Innovation: Integrating Technological, Market and Organizational Change, 5th Edition
ISBN : 978-1-118-53859-3
680 pages
October 2013, ©2013
$62.50   BUY

Managing Innovation: Integrating Technological, Market and Organizational Change, 5th Edition
ISBN : 978-1-118-36063-7
680 pages
July 2013, ©2013
$99.95   BUY

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