Dynamic innovation processes are combined for complex technological advances bring about decision-making under uncertainty. This paper reflects the case of strategic decision-making on a technology development project using real options reasoning. Like investment options in financial markets real options introduce explicit risk measures for possible alternatives. Managerial decisions on innovat...

The purpose of this study is to introduce system dynamics as a methodology to analyze intraorganizational innovation diffusion processes. Therefore, a purely algebraic model is replicated and analyzed in a system dynamics environment before it is extended by relaxing the restrictive assumption that intra-group diffusion and inter-group diffusion take place consecutively. The findings of this st...

Drawing from institutional and bandwagon theories, we develop and examine how characteristics of an innovation—radicality and scope—affect diffusion rates—the extent and speed of diffusion. The hypotheses are empirically tested with a sample of 82 new product innovations in three separate industries over a sixteen-year time span. We find that: (1) the greater the radicality of innovation, the h...

The implementation of advanced information systems is enabling great social and organisational changes. However, health care has been one of the slowest sectors to adopt and implement information technology (IT). This paper investigates why this is so, reviewing innovation diffusion theory and its application to both health organisations and information technology. Innovation diffusion theory i...

Whenever I am called upon to make prescriptive statements to a group which can't easily hold me accountable for the consequences, I am always reminded of the story of the chicken and the pig. For those of you who aren't familiar with the story, a chicken and a pig were walking down the street one day and came upon a restaurant that had a big sign in the window, "Special Today: Bacon and Eggs." ...

...............................................................................................................................3 Designing Innovation Diffusion ..........................................................................................4 Problem Statement ...............................................................................................................4 Problem Valida...

This paper provides a systematic methodology to identify general innovation diffusion patterns in a given case study: First, an analytical framework is introduced which structures a review of innovation diffusion research. This framework may be used to structure the analysis of a case study. Second, a classification of innovation diffusion models is developed by focusing on the analytical hypot...

There are various studies on the eco-innovation in the literature, but there is a scarcity of studies on the adoption and diffusion within manufacturing small and medium-size enterprises (SMEs). Drivers to adopt eco-innovations by manufacturing SMEs are required to be understood properly and be analyzed regarding the relationships among them. Hence, the purpose of this study is to identify the ...