Abstract
Our most pressing societal problems such as enhancing health care, developing alternate energy, revitalizing cities, and advancing the economy are complex innovation eco-systems. Complex innovation eco-systems are the next frontier in technology and innovation management, and require a transformation in strategic and institutional management so that managers can muster the staying power to persist and learn far into the future. I develop a framework to explain how participants can strategize across an entire eco-system, deal with the profound ambiguity from complexity, and handle the very long cycle times of complex innovations. Transformed strategic and institutional management combines abductive learning routines with clock-time and event-time pacing to map a portfolio of value creating opportunities far into the future. Eco-system participants use learning events, which represent available knowledge, to hypothesize new value creating opportunities and new kinds of governance structures for specific collaborations, evaluate these opportunities and governance structures by trying them out to explore assumptions and surface new possibilities, and reframe them over time.
Highlights
Our most pressing societal problems such as enhancing health care, developing alternate energy, revitalizing cities, and advancing the economy are complex innovation eco-systems
Pharmaceuticals, health care more generally, alternate energy systems, climate control, education, and myriad social problems rely on ongoing innovation to continually generate new projects, products, programs, processes, capabilities, and value creation opportunities that address these critical challenges
These “grand challenges” (Ferraro et al 2015) represent the frontier in technology and innovation management, because they require new theory for managing multiple organizations, agents, and agencies, and new theory for collaborative learning about the co-evolution of sciences and technologies among vast, globally dispersed networks of knowledge workers
Summary
Our most pressing societal problems such as enhancing health care, developing alternate energy, revitalizing cities, and advancing the economy are complex innovation eco-systems. The institutional innovations in governance structures enable the development, evaluation, and reframing over time of value creating opportunities that map out directions for project (new drug therapies) and knowledge process (new integrations of sciences and technologies to support discovery) innovations.
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