Radical Innovation from the Confluence of Technologies: Innovation Management Strategies for the Emerging Nanobiotechnology Industry

Peer reviewed: 
Yes, item is peer reviewed.
Scholarly level: 
Faculty/Staff
Final version published as: 

Maine, E., Thomas, V., & Utterback, J. (2014). Radical innovation from the confluence of technologies: Innovation management strategies for the emerging nanobiotechnology industry. Journal Of Engineering & Technology Management321-25. doi:10.1016/j.jengtecman.2013.10.007

http://www.sciencedirect.com/science/article/pii/S0923474813000775 

Date created: 
2013-10-17
Keywords: 
Opportunity creation
Radical innovation
Confluence of technologies
Nanotechnology/biotechnology commercialization
Technology convergence
Innovation management
Nanobiotechnology
Technological innovations
Strategic planning
Nanotechnology
Biotechnology
Technology management
Doxil
Zevalin
Rituxan
Interdisciplinary
Interdisciplinarity
Multidisciplinary
Multidisciplinarity
IDEC
Liposome Technology Inc.
Liposomal drug delivery
Industry evolution
Alec Bangham
Babraham Institute
Bell Labs
Technology strategy
Industry creation
Scientist-entrepreneurs
Abstract: 

We investigate how the confluence of technologies can lead to radical innovation, thus creating opportunities at the firm and industry levels. To do so, we conduct a detailed examination of the development of the transistor and of two nanobiotechnology drugs – Doxil® and Zevalin® – from an innovation management perspective. We argue that three innovation management strategies are central to the development of radical innovation from the confluence of technologies, namely: importing ideas from broad networks, creating environments which allow for deep collaboration, and technology-market matching.

Description: 

This is the final author version (accepted manuscript copy following peer review).

Language: 
English
Document type: 
Article
Rights: 
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Sponsor(s): 
Social Science and Humanities Research Council of Canada (SSHRC)
Beedie School of Business, Simon Fraser University
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