Innovation, efficiency cycle, and strategy implications

Maier H & Haustein H-D (1980). Innovation, efficiency cycle, and strategy implications. Technological Forecasting and Social Change 17 (1): 35-49. DOI:10.1016/0040-1625(80)90056-6.

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Abstract

Innovation research is now in its third stage, in which most attention is given to the efficiency cycle of industries. The five stages of this efficiency cycle (takeoff, rapid growth, maturation, saturation, and crisis) are very important for the firm's strategy and national innovation policy. Innovation policy should take into account societal gals and objectives. A Social Opportunity Analysis (SOA) is especially important for determining future innovation fields, identifying new alternatives for structural change, and solving problems facing national economies and the entire word economy. This paper tries to identify the universal and global challenges facing national innovation policy and fir strategy in many countries. Their conclusion is that we need a relationship between innovation policy and firm strategy that is able to give innovations a more concrete orientation toward human needs; to create social control procedures or unintentional, indirect, or delayed disadvantages of technology; to secure the interlinkage between technological an social innovation; and to contribute significantly to solving global problems. In this context we discuss the tasks critical to improving the relationship between national innovation policy and firm strategy:

(1) Consideration Of the different roles of basic, improvement, and pseudo-innovations.

(2) Information about future fields of innovation.

(3) Exploration of the different side effects of innovation.

(4) A strengthening of the scientific and educational infrastructure for innovation.

(5) Improvement in the abilities of firms and society to deal with new circumstances and situations by developing new procedures of social and organizational innovative learning.

(6) The realization that government actions concerning innovation can cause very different results in the different stages of the innovation process.

(7) The global dimension of innovation.

Item Type: Article
Research Programs: Management and Technology Area (MMT)
Bibliographic Reference: Technological Forecasting and Social Change; 17(1):35-49 (May 1980) (Published online 13 April 2002)
Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 01:47
Last Modified: 25 Feb 2016 09:09
URI: http://pure.iiasa.ac.at/1211

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