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Innovation and Strategy (Hardcover)
Loot Price: R3,588
Discovery Miles 35 880
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Innovation and Strategy (Hardcover)
Series: Review of Marketing Research
Expected to ship within 12 - 17 working days
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Innovation is the process of value creation through use of relevant
knowledge, capabilities and resources for conversion of ideas into
new products, processes and practices, and improvements in existing
products, processes and practices. Innovations of various types and
forms are crucial to achieving and sustaining a competitive
advantage in the marketplace, the principal focus of competitive
strategy.Product innovations play a central role in various
strategic marketing contexts such as meeting consumers' needs and
wants, responding to changes in consumers' preferences, shaping
consumers' preferences, entering new markets, enhancing a firm's
market position in presently served product-markets,
differentiating the firm's product offerings from competitors'
offerings, neutralizing the effects of competitors' actions, and
preemption and deterrence of competitors. Against this backdrop,
articles published in this volume focus on substantive issues in
innovation, marketing strategy, and the nexus of innovation and
marketing strategy. The substantive issues addressed in these
articles include sources of innovation, customer involvement in
innovation, innovations in a digital environment, innovations in an
information rich environment, the role of market foresight and
design orientation as organizational capabilities in new product
development and new product performance, and the effects of market
orientation, organizational culture, trust and commitment on
business performance.
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