strategies for the management of exploratory opportunities

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Strategies for the Management of Exploratory Opportunities Heidi M.J. Bertels Peter A. Koen Stevens Institute of Technology, Hoboken, NJ

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Strategies for the Management of Exploratory Opportunities. Heidi M.J. Bertels Peter A. Koen Stevens Institute of Technology, Hoboken, NJ. Agenda. What exploration can do The incumbent perspective Research agenda: 3 dilemma’s. It’s hard to compete with…. … Adshel. … JetBlue. Why?. 3. - PowerPoint PPT Presentation

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Page 1: Strategies for the Management of Exploratory Opportunities

Strategies for the Management of Exploratory Opportunities

Heidi M.J. BertelsPeter A. Koen

Stevens Institute of Technology, Hoboken, NJ

Page 2: Strategies for the Management of Exploratory Opportunities

Agenda

What exploration can do

The incumbent perspective

Research agenda: 3 dilemma’s

Page 3: Strategies for the Management of Exploratory Opportunities

It’s hard to compete with…

Page 4: Strategies for the Management of Exploratory Opportunities

… Adshel

Page 5: Strategies for the Management of Exploratory Opportunities

… JetBlue

Page 6: Strategies for the Management of Exploratory Opportunities

Why?

Page 7: Strategies for the Management of Exploratory Opportunities

3

Page 8: Strategies for the Management of Exploratory Opportunities

INNOVATION(product/service/process level)

Incremental Architectural Radical

Page 9: Strategies for the Management of Exploratory Opportunities

INNOVATION(product/service/process level)

Incremental Architectural Radical

FINANCIAL HURDLE(Organizational Level)

Lower

Existing

Higher

Page 10: Strategies for the Management of Exploratory Opportunities

INNOVATION(product/service/process level)

Incremental Architectural Radical

VALUE NETWORK(Ecology Level)

FINANCIAL HURDLE(Organizational Level)

NEW non consumer

NEW existing consumer

ESTABLISHED

Lower

Existing

Higher

Page 11: Strategies for the Management of Exploratory Opportunities

3

Page 12: Strategies for the Management of Exploratory Opportunities

Organizational Complexity

Page 13: Strategies for the Management of Exploratory Opportunities

Separated?

Integrated?

Or both?

Page 14: Strategies for the Management of Exploratory Opportunities

Financial Uncertainty

Page 15: Strategies for the Management of Exploratory Opportunities

Financial assessments are important “…not because of their accuracy but because of the learning opportunities

they present.” (Govindarajan & Trimble, 2005)

Page 16: Strategies for the Management of Exploratory Opportunities

Team Prior Knowledge

Page 17: Strategies for the Management of Exploratory Opportunities

“What an individual can discover is related to his or her prior knowledge (prior experience and education).”

(Shane, 2000)

Page 18: Strategies for the Management of Exploratory Opportunities

Take Away’s

3 dimensions along which to explore

3 dilemma’s to take into consideration

Page 19: Strategies for the Management of Exploratory Opportunities

Heidi Bertels, PhD StudentPeter Koen, Associate Professor