Radical innovations: Between established knowledge and future research opportunities

Abstract

The fast growing body of radical innovation research is fragmented and difficult to overlook. We provide an overview of the most cited journals, authors, and publications and conduct a bibliographic coupling to structure the literature landscape. We identified the following research clusters: management of radical innovations, organizational learning and knowledge, financial aspects of radical innovation, radical innovation adoption and diffusion, radical industry innovations as challenges for incumbents, and radical innovation in specific industries. Based on an in-depth content analysis of these clusters, we identify the following future research opportunities: A systematic compilation of all intra- and extra-organizational management aspects, moderators, and mediators, extending radical innovation research's epistemological basis by adding strategic foresight, further research in individual, group (team), organizational, and inter-organizational capabilities required for radical innovation, a managerial perspective on adoption and diffusion of radical innovations, applying portfolio theory and real options theory to radical innovation research, stronger research efforts on coping strategies for firms faced with competitors' radical innovations, and intensifying both industry-specific and cross-industry research.

Sustainable Development of a Mobile Payment Security Environment Using Fintech Solutions

“…Thus, this study primarily aims to uncover the distinctive roles of platform and technology security by investigating how users react differently to their varying understandings of the MPS usage environment. For example, existing literature on radical innovation and fintech-enabled services distinguish the term 'platform', as the hub where structured and unstructured data are shared, from the term 'technology', as an enablement of digital transformation processes, service productivity, and users engagement in the digital economy [16][17][18][19].…”

Five decades of corporate entrepreneurship research: measuring and mapping the field

“…Bibliometric methods have received increased attention in entrepreneurship (Baier-Fuentes et al 2019;Cornelius et al 2006;Filser et al 2020;Hota et al 2019;Kraus et al 2020;Lampe et al 2019;Liñán and Fayolle 2015;Martínez-Climent et al 2018;Pellegrini et al 2020;Rey-Martí et al 2016;Schildt et al 2006;Tiberius et al 2020a;Vallaster et al 2019), innovation (Di Stefano et al 2012;Fagerberg et al 2012;Randhawa et al 2016;Tiberius et al 2020b), family business (Casillas and Acedo 2007;López-Fernández et al 2016;Xi et al 2015), strategic management (Ferreira et al 2015;Ramos-Rodríguez and Ruíz-Navarro 2004), and many other fields. In contrast to systematic literature reviews (Tranfield et al 2003), bibliometric methods allow the measurement of the scientific activity in the research field based on quantitative and thus more objective methods (Garfield 1979;Zupic and Čater 2015).…”

Value configurations in sharing economy business models

“…Business model innovation is associated with the agile and radical redesign of extant business models that is based on dynamic capabilities (Heider et al 2020 ; Semke and Tiberius 2020 ) and aims at fostering growth, firm performance, and the development of a competitive advantage (Amit and Zott 2012 ; Bouncken et al 2016 ; Bouncken et al 2019 ; Brand et al 2019 ; Breier et al 2021 ; Kraus et al 2020c ; Tiberius et al 2020a ). Apart from radical business model innovation, firms also implement incremental business model reconfigurations (Clauss et al 2020 ).…”