The Front End of Innovation in Large Established Firms

Koen, Peter A.; Bertels, Heidi

doi:10.1002/9781118785317.weom130034

Cited by 10 publications

(25 citation statements)

References 28 publications

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“…The first (early) stage of product design (PD) process is full of uncertainties and poorly formalized. This is the fuzzy front end (FFE) of PD process, where a concept of product and its feature set are determined and validated (Kim and Wilemon, 2002; Koen et al , 2014; Pereira et al , 2017). Digital technologies and modern social / network infrastructures support knowledge spillovers, create new opportunities and challenges for entrepreneurs in collaboration with external partners (users, customers, suppliers, etc.)…”

Section: Introductionmentioning

confidence: 99%

Knowledge transferring and conversion in the early stage of collaborative product design by entrepreneurial teams

Laptev

Shaytan²

2022

MBE

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Purpose The purpose of the study is to discover a model of knowledge conversion and knowledge transferring/sharing barriers in an entrepreneurial team (ET) working with innovative users at the early and fuzzy front end (FFE) stage of collaborative product design (Co-PD) process. Design/methodology/approach The exploratory research framework included sampling, data collection and data analysis, through sequential levels of categorizations, undertaken jointly with constant comparative analysis. The sample frame is the pool of ETs/startups from university business accelerators that carry out Co-PD at the FFE stage. The research survey is based on observations of the collaborative ETs activities, questionnaires and in-depth interviews with them. The research was conducted on individual and team levels when Co-PD process and ET activities were in progress. Findings This study identified specific set of concepts of knowledge conversion and transferring/sharing and their barriers that reflect specificity of Co-PD processes at the FFE stage in collaborative ETs. The discovered conversion process is represented by the socialization, externalization and internalization, three-mode knowledge conversion model. The significance of barriers and frequency of their occurrence were measured in knowledge transferring/sharing in collaborative ETs on individual and team levels. Originality/value This study shows novel insights into how knowledge transfers/shares and converts in the context of ET working with innovative users in Co-PD process at the FFE stage.

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Section: Introductionmentioning

confidence: 99%

Knowledge transferring and conversion in the early stage of collaborative product design by entrepreneurial teams

Laptev

Shaytan²

2022

MBE

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“…Additionally, prior research [37], [38] have indicated a positive correlation between idea creation and company front-end performance [41]. This performance refers to what extent SMEs can use their knowledge and idea creation to acquire a competitive advantage and succeed in innovation initiatives [35], [37], [40]. Therefore:…”

Section: Hypothesis 7: Network Orientations Positively Affect the Ado...mentioning

confidence: 99%

“…Developing ideas based on current market insights, then incorporating those ideas and knowledge into the creation of new goods and services in innovation projects is one of the fundamental premises of implementing an open innovation model into organizations [20], [35]. Additionally, prior research [37], [38] have indicated a positive correlation between idea creation and company front-end performance [41]. This performance refers to what extent SMEs can use their knowledge and idea creation to acquire a competitive advantage and succeed in innovation initiatives [35], [37], [40].…”

Section: Hypothesis 7: Network Orientations Positively Affect the Ado...mentioning

confidence: 99%

Towards an insight into the adoption of Open Innovation by SMEs in Vietnam

Thanh¹,

Le²,

Pham³

et al. 2022

Proceedings of the International Conference on Research in Management &Amp; Technovation

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“…The success of innovation and, thus, access to credit for new and small firms in developing countries depends upon FEI. 1 Because of the central role small firms play in economic development, the relationship between FEI and small firm access to credit has consequences for income inequality (Banerjee & Newman, 1993 ; Levine, 2004 ; Koen et al, 2014 ). This incidence suggests that the few entrepreneurs, who have access to credit in emerging markets, have been able to acquire higher incomes over time, with FEI.…”

Section: Introductionmentioning

confidence: 99%

“…The experimental nature of FEI enables the risks and uncertainty associated with an invention/product, to be cleared, before entering the innovation phase. The innovation phase is a continuation of FEI, but with less risk and uncertainty, with access to credit, fully evolved organizational competencies and information, but on a much larger scale (Jovanovic, 1982 ; Kazanjian, 1988 ; Koen et al, 2014 ; Pereira et al, 2017 ).…”

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confidence: 99%

Front-end Innovation and Top Income Inequality: Evidence from Emerging Markets

2023

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We contribute to the literature on income inequality, by extending existing models to examine the effect of front-end innovation (FEI) on top income inequality. We use a fixed effect panel regression, on annual country-level data for twenty-four emerging markets, over twenty-four (1995–2018) years, and find an insignificant correlation between income inequality and FEI. The instrumental variable estimates, however, show a significant association between measures of FEI and top income shares. Furthermore, we confirm that FEI is weakly related to broad measures of income inequality. Our instrumentation strategy and robustness checks suggest that this correlation partly reflects a causality, from FEI to top income inequality. Finally, we reveal that FEI is necessary for the survival of new ventures, in the crucial early years. Overall, our findings confirm that that; a) sectors that scale slowly because institutions are a substantial barrier for FEI and, b) sectors that rely solely on the most skilled front-end innovators to access credit, significantly expand top entrepreneurial income share across emerging markets.

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The Front End of Innovation in Large Established Firms

Abstract: Innovation in large established firms may be broadly divided into three areas: the front end of innovation (also known as fuzzy front end or predevelopment), the new‐product development process, and commercialization.

Cited by 10 publications

References 28 publications

Knowledge transferring and conversion in the early stage of collaborative product design by entrepreneurial teams

Knowledge transferring and conversion in the early stage of collaborative product design by entrepreneurial teams

Towards an insight into the adoption of Open Innovation by SMEs in Vietnam

Front-end Innovation and Top Income Inequality: Evidence from Emerging Markets

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