The Challenge of Breakthrough Innovations

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The Challenge of Breakthrough Innovations Table of Contents “The Breakthrough”…………………………………………………………………………………2 Dilemma/ Struggle of Established Firms……………………………………………………………3 Rules for Innovation………………………………………………………………………………….4 Building An Ambidextrous Organization………………………..…………………………………6 Conclusion and Recommendations………………………………………………………………….8 Reference……………………………………………………………………………………………...9 Appendix…………………………………………………………………..………………………...12 “The Breakthrough” One dictionary definition of breakthrough is: "a significant and dramatic overcoming of a perceived obstacle, allowing the completion of a process." But what really makes an innovation a breakthrough (radical, disruptive) one, rather than incremental, from…show more content…
Furthermore, the rules and requirements that support the breakthrough-generating environment will be addressed. Subsequently this paper will try to answer the question how an ambidextrous organization can be built. The final part of the paper is dedicated to recommendations and conclusion. Dilemma/ Struggle of Established Firms The idea of implementing radical/ disruptive innovation in mature firms is discussed in the article of Richard Leifer; Gina Colarelli O’Connor and Mark Rice, ”Implementing radical innovation in mature firms” revealing the fact that there is increasing evidence of breakthrough innovation in the competitive marketplace today, but there is uncertainty on whether it is worth risk taking today?! And especially large established firms face this dilemma; they have grown excellent at managing operational efficiencies and building customer loyalty. But will they be able to take wise decision when it comes to radical innovations and face the chaos associated with commercialization of breakthroughs. Subsequently, some companies actually made it possible, for example IBM, with a new generation of communication chips, describing an innovation aimed to increase switching speeds and reduce
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