Operationalization of the corporate strategies for innovation development: Capabilities of technology roadmaps

Authors

DOI:

https://doi.org/10.21638/spbu18.2023.401

Abstract

Goal: identify the key barriers hindering operationalization of the corporate innovation strategies (i. e. the transition from the adopted strategy to its implementation at the operational level) and define the capabilities of technology roadmaps (TRM) to overcome these barriers.

Metodology: consists of two logically connected parts: 1) the comparative analysis of relevant international empirical research to identify the main issues of putting the agreed-upon corporate innovation strategies into action; 2) real case study analysis of TRMs application in the large corporate entities working as a tool to deal with the identified issues.

Findings: identification and characterization of a core set of typical issues representing the most significant barriers to translate corporate innovation strategies into action; definition of the main advantages of TRMs as an effective tool for operationalization of corporate innovation strategies; the conclusions on the relevance of TRMs for developing and monitoring the programmes for innovation development of Russian companies with State participation.

Originality and contribution of the authors: the novelty of the paper relates mainly to identification of significant potential and the main avenues for TRMs application in dealing with the “strategy-execution gap” in the context of innovation activities of large companies. From this perspective, it would be no less important to note that the key issues and mechanisms of integration between strategy and operationsrelated functionalities of TRMs are defined and specified.

Keywords:

operationalization of company’s strategy, technology roadmap, strategy for innovation development, integration of strategic and operational management

Downloads

Download data is not yet available.
 

References

Литература на русском языке

Боровских Н. В. 2017. Инновационные стратегии в системе стратегического управления предприятием. Альманах современной науки и образования 3 (117): 12–15.

Вишневский К. О., Карасев О. И. 2010. Прогнозирование развития новых материалов с использованием методов Форсайта. Форсайт 4 (2): 58–67.

Гершман М. А. 2013. Программы инновационного развития компаний с государственным участием: первые итоги. Форсайт 7 (1): 28–43.

Лазарев В. Н., Шуленкова Т. А. 2019. Инновационные аспекты стратегического развития промышленного предприятия. Вузовская наука в современных условиях. Сборник материалов 53-й научно-технической конференции, Часть 3,: 117–120. Ульяновск.

Матич Л. Ю. 2017. Технологические дорожные карты: использование в инновационной деятельности крупных компаний. Российский журнал менеджмента 15 (3): 327–356.

Никулина Н. О., Малахова А. И., Баталова В. И., Бармина О.В. 2022. Методика каскадирования целей в проектно-ориентированной компании. Онтология проектирования 12 (3): 367–379.

Рубенчик А. 2014. Дороги, которые мы выбираем: применение дорожных карт в архитектуре предприятия. [Электронный ресурс]. https://www.cfin.ru/management/strategy/plan/roadmapping.shtml (дата обращения: 15.05.2023)

Сараев В. В., Медовников Д. С., Розмирович С. Д. 2020. Рождение корпоративных экосистем. Москва: Иннопрактика.

Соколов А. В., Карасев О. И. 2009. Форсайт и технологические дорожные карты для наноиндустрии. Российские нанотехнологии 4 (3–4): 8–15.

Трачук А. В. 2013. Формирование инновационной стратегии компании. Управленческие науки 3: 16–25.

Этингоф М. Е. 2014. Роль инновационных стратегий в стратегическом управлении организацией. Вестник РГГУ. Серия «Экономика. Управление. Право» 3 (125): 18–25.


References in Latin Alphabet

Aaltonen P., Ikävalko H. 2002. Implementing strategies successfully. Integrated Manufacturing Systems 13 (6): 415–418.

Afuah A. 2003. Innovation Management: Strategies, Implementation and Profits. 2nd ed. Oxford University Press: New York.

Alexander L. D. 1985. Successfully implementing strategic decisions. Long Range Planning 18 (3): 91–97.

Amati G., Motta V., Vecchiato R. 2020. Roadmapping for innovation management: Evidence from Pirelli. R&D Management 50 (4): 462–477.

Arman H., Gindy N., Kabli M., Cavin S. 2017. R&D portfolio management: Integrated technology roadmapping tool to aid the decision-making of R&D investments. In: T. U. Daim (ed.). Managing Technological Innovation: Tools and Methods: 173–194. World Scientific: New Jersey-London.

Awadallah E. A., Allam A. 2015. A critique of the balanced scorecard as a performance measurement tool. International Journal of Business and Social Science 6 (7): 91–99.

Bhaila P. 2023. Prioritizing innovation projects that support strategic objectives. ITONICS. [Electronic resource]. https://www.itonics-innovation.com/blog/ways-to-prioritize-innovation-projects (accessed: 17.05.2023).

Blahová M., Knápková A. 2010. Effective strategic action: From formulation to implementation. 2010 International Conference of Economics, Business and Management. [Electronic resource]. https://www.accioneduca.org/admin/archivos/clases/material/implementation-of-the-business-strategy_1564415854.pdf (accessed: 17.05.2023).

Brenes E. R., Mena M., Molina G. E. 2008. Key success factors for strategy implementation in Latin America. Journal of Business Research 61 (6): 590–598.

Bridges. 2020. 20-year results from surveying strategy implementation. [Electronic resource]. https://www.bridgesconsultancy.com/wp-content/uploads/2016/10/20-Years-of-Strategy-Implementation-Research-2.pdf (accessed: 17.05.2023).

Cândido C. J. F., Santos S. P. 2019. Implementation obstacles and strategy implementation failure. Baltic Journal of Management 14 (1): 39–57.

Carruci R. 2017. Executives fail to execute strategy because they’re too internally focused. Harvard Business Review. [Electronic resource]. https://hbr.org/2017/11/executives-fail-to-execute-strategy-because-theyre-too-internally-focused?ab=at_art_art_1x4_s02 (accessed: 17.05.2023).

Carvalho M., Fleury A., Lopes A. P. 2013. An overview of the literature on technology roadmapping (TRM): Contributions and trends. Technological Forecasting and Social Change 80 (7): 1418–1437.

Chandler A. D., Jr. 1962. Strategy and structure: Chapters in the History of the American Industrial Enterprise. MIT Press: Cambridge.

Cheng M. N., Wong J. W. K., Cheung C. F., Leung K. H. 2016. A scenario-based roadmapping method for strategic planning and forecasting: A case study in a testing, inspection and certification company. Technological Forecasting and Social Change 111 (C): 44–62.

Chesbrough H. 2023. Twenty years of open innovation. MIT Sloan Management Review (December 21). [Electronic resource]. https://sloanreview.mit.edu/article/twenty-years-of-open-innovation/ (accessed: 28.12.2023).

Chew B. C., Shen X. B., Ansell J., Hamid S. R., Oh Y. P. 2019. Review a decade of bp’s technology roadmap on the next generation biofuels development. IOP Conf. Series: Earth and Environmental Science 268. [Electronic resource]. https://iopscience.iop.org/article/10.1088/1755-1315/268/1/012009 (accessed: 17.05.2023).

Da Silva Meireles F. R., Azevedo A. C., Boaventura J. M. G. 2022. Open innovation and collaboration: A systematic literature review. Journal of Engineering and Technology Management 65 (1). [Electronic resource]. https://www.sciencedirect.com/science/article/abs/pii/S0923474822000327 (accessed: 19.05.2023).

De Bruin L. 2020. Three levels of strategy: corporate strategy, business strategy and functional strategy. Business-to-you. [Electronic resource]. https://www.business-to-you.com/levels-of-strategy-corporate-business-functional/ (accessed: 28.12.2023).

Dieffenbacher S. F. 2022. Innovation strategy: How to create and implement a plan that delivers results. Digital Leadership. [Electronic resource]. https://digitalleadership.com/blog/innovation-strategy/ (accessed: 15.05.2023).

EIU. 2013. Why good strategies fail: Lessons for the C-suite. [Electronic resource]. https://www.pmi.org/-/media/pmi/documents/public/pdf/learning/thought-leadership/why-good-strategies-fail-report.pdf?v=14e7a7f5-ac4c-4331-b1cf-be9e26a30d18 (accessed: 19.05.2023).

Evans J. 2012. Operationalizing your strategy: Part 1 of 2. [Electronic resource]. https://www.vistage.com/research-center/business-growth-strategy/operationalizing-your-strategy-part-2-of-2/ (accessed: 17.12.2023).

Galbraith J. R., Kazanjian R. K. 1986. Strategy Implementation: Structure, Systems, and Process. 2nd edition. West Publishing Co.: St. Paul.

Gartner. 2022. 3 Models of Technology Roadmaps. [Electronic resource]. https://emtemp.gcom.cloud/ngw/globalassets/en/innovation-strategy/documents/trends/3_models_of_technology_roadmaps_final.pdf (accessed: 17.05.2023).

Gerdsri N., Vatananan R. S., Dansamasatid S. 2009. Dealing with the dynamics of technology roadmapping implementation: A case study. Technological Forecasting and Social Change 76 (1): 50–60.

Gratton L. 1996. Implementing a strategic vision — key factors of success. Long Range Planning 29 (3): 290–303.

Guthrie G. 2023. Technology roadmaps: Your blueprint for project planning. [Electronic resource]. https://nulab.com/learn/software-development/technology-roadmaps/ (accessed: 15.05.2023).

Gupte S. 2022. Operationalising a strategy. Financier Worldwide Magazine (May). [Electronic resource]. https://www.financierworldwide.com/operationalising-a-strategy (accessed: 17.12.2023).

Hax A. C., Majluf N. S. 2013. Corporate strategy. In: Gass S. I., Fu M. C. (eds) Encyclopedia of Operations Research and Management Science. Springer: Boston; 289–294.

Heim U., Heuss R., Katzir T. 2017. Building an integrated technology road map to drive successful innovation. McKinsey Quarterly (February 21). [Electronic resource]. https://www.mckinsey.com/capabilities/operations/our-insights/building-an-integrated-technology-road-map-to-drive-successful-innovation (accessed: 17.05.2023).

Hillegas-Elting J. V., Yu C. J., Oliver T., Daim T., Estep J. 2016. Technology roadmap development framework: A case study within the energy sector. Research and Development Management (RADMA) Conference. Cambridge, UK. [Electronic resource]. https://www.academia.edu/37806738/.

Hirose Y., Phaal R., Farrukh C., Gerdsri N., Lee S. 2022. Sustaining organizational roadmapping implementation — lessons learned from Subsea 7. Research-Technology Management 65 (3): 50–57.

Hossain M. H. M., Zahidul Islam K. M., Abu Sayeed M., Kauranen I. 2016. A comprehensive review of open innovation literature. Journal of Science and Technology Policy Management 7 (1): 2–25.

Hrebiniak L. G., Joyce W. F 1984. Implementing Strategy. MacMillan: New York.

Hrebiniak L. G. 2006. Obstacles to effective strategy implementation. Organizational Dynamics 35 (1): 12–31.

Hrebiniak L. G. 2013. Making Strategy Work: Leading Effective Execution and Change. Pearson Education: Upper Saddle River.

Igartua J. I., Garrigós J. A., Hervas-Oliver J. L. 2010. How innovation management techniques support an open innovation strategy. Research-Technology Management 53 (3): 41–52.

Jain N. 2023. What is innovation strategy? Definition, examples, framework and best practices. [Electronic resource]. https://ideascale.com/blog/what-is-innovation-strategy/ (accessed: 17.12.2023).

Kaplan R. S., Norton D. P. 1992. The balanced scorecard — measures that drive performance. Harvard Business Review 70 (1): 71–79.

Kaplan R. S., Norton D. P. 1996. The Balanced Scorecard: Translating Strategy into Action. Harvard Business Review Press: Cambridge, Mass.

Kaplan R. S., Norton D. P. 2005. The office of strategy management. Harvard Business Review (October). [Electronic resource]. https://hbr.org/2005/10/the-office-of-strategy-management (accessed: 17.05.2023).

Kappel T. A. 2001. Perspectives on roadmaps: How organizations talk about the future. Journal of Product Innovation Management 18 (1): 39–50.

Katz B. R., Preez N. D., Schutte C. S. L. 2010. Definition and role of an innovation strategy. [Electronic resource]. https://citeseerx.ist.psu.edu/document?repid=rep1&type=pdf&doi=2532048e182c03acdfff1b29232af3579a0620a1 (accessed: 19.05.2023).

Kerr C., Phaal R. 2015. Visualizing roadmaps: A design-driven approach. Research-Technology Management 58 (4): 45–54.

Kerr C., Phaal R. 2022. Roadmapping and roadmaps: Definition and undepinning concepts. IEEE Transactions on Engineering Management 69 (1): 6–16.

Kerr C., Phaal R., Probert D. 2012. Cogitate, articulate, communicate: The psychosocial reality of technology roadmapping and roadmaps. R&D Management 42: 1–13.

Lopez D., Oliver M. 2023 Integrating innovation into business strategy: Perspectives from innovation managers. Sustainability 15 (8). [Electronic resource]. https://www.mdpi.com/2071-1050/15/8/6503 (accessed: 15.05.2023).

Martinsuo M., Anttila R. 2022. Practices of strategic alignment in and between innovation project portfolios. Project Leadership and Society (3). [Electronic resource]. https://www.sciencedirect.com/science/article/pii/S2666721522000266 (accessed: 17.05.2023).

Mascaro L. 2023. Why do corporate innovation strategies fail? [Electronic resource]. https://www.sketchin.com/foresight/why-corporates-innovation-strategies-fail/ (accessed: 19.05.2023).

McGuckin S., Su N., Abhari K. 2022. The limits of open innovation: A literature review and research agenda. Proceedings of the 55th Hawaii International Conference on System Sciences. [Electronic resource]. https://scholarspace.manoa.hawaii.edu/items/f8489d00-e19b-4bab-88d0-3f520569dd89 (accessed: 19.12.2023).

McKinsey. 2010. Innovation and commercialization, 2010: McKinsey global survey results. [Electronic resource]. https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/our-insights/innovation-and-commercialization-2010-mckinsey-global-survey-results#/ (accessed: 15.05.2023).

Nicols J. P. 2019. Portfolio prioritization of innovation projects. [Electronic resource]. https://www.itmplatform.com/en/blog/portfolio-prioritization-of-innovation-projects/ (accessed: 19.05.2023).

Nieminen J. 2021. Where Do Innovation Strategies Usually Go Wrong? [Electronic resource]. https://bradenkelley.com/2021/09/where-do-innovation-strategies-usually-go-wrong/ (accessed: 17.05.2023).

Noble C. H. 1999. The eclectic routs of strategy implementation research. Journal of Business Research 45 (2): 119–134.

Okumus F. 2003. A framework to implement strategies in organizations. Management Decision 41 (9): 871–882.

Oliveira M. G., Rozenfeld H. 2010. Integration of technology roadmapping and project portfolio management to improve the front-end of NPD process. Technological Forecasting and Social Change 77 (8): 1339–1354.

Olson E. M., Slater S. F., Hult G. T. M. 2005. The importance of structure and process to strategy implementation. Business Horizons 48 (1): 47–54.

Park H., Phaal R., Ho J. Y., O’Sullivan E. 2020. Twenty years of technology and strategic roadmapping research: A school of thought perspective. Technological Forecasting and Social Change (154). [Electronic resource]. https://www.sciencedirect.com/science/article/abs/pii/S0040162519304901 (accessed: 17.05.2023).

Payne M. 2019. Why innovation strategy is horribly broken, and what to do about it. [Electronic resource]. https://www.frog.co/designmind/innovation-strategy-horribly-broken (accessed: 15.05.2023).

Phaal R., Farrukh C. J. P., Probert D. R. 2004. Technology roadmapping — a planning framework for evolution and revolution. Technological Forecasting and Social Change 71 (1–2): 5–26.

Phaal R., Muller G. 2009. An architectural framework for roadmapping: Towards visual strategy. Technological Forecasting and Social Change 76: 39–49.

Piester Z. 2017. Why corporate innovation fails. [Electronic resource]. https://medium.com/@zachpiester/why-corporate-innovation-fails-bfa13c14b14b (accessed: 17.05.2023).

Pisano G. P. 2015. You need an innovation strategy. Harvard Business Review 93 (6): 44–54.

Porter M. E. 1980. Competitive Strategy. Free Press: New York.

Pryor M. G., Anderson D., Toombs L. A., Humphreys J. H. 2007. Strategic implementation as a core competency. Journal of Management Research 7 (1): 3–17.

Reid D. M. 1989. Operationalizing Strategic Planning. Strategic Management Journal 10 (6): 553–567.

Rillo M. 2004. Limitations of Balanced Scorecard. [Electronic resource]. http://www.mattimar.ee/publikatsioonid/ettevottemajandus/2004/12_Rillo.pdf (accessed: 19.05.2023).

Shaheen S. 2022. Delivering on the Promise of Innovation Begins with the Pain Point. Forbes. [Electronic resource]. https://www.forbes.com/sites/forbesbusinesscouncil/2022/12/02/delivering-on-the-promise-of-innovation-begins-with-the-pain-point/?sh=42e0f3214ecd (accessed: 17.05.2023).

Siebelink R., Hofman E., Halman J. I. M., Ingo Nee I. 2021. Roadmapping: (Missed) opportunities to overcome strategic challenges. Business Horizons 64: 501–512.

Sollow D. 2017. Why your balanced scorecard needs qualitative analysis. [Electronic resource]. https://www.esmgrp.com/blog/why-your-balanced-scorecard-needs-qualitative-analysis (accessed: 17.05.2023).

Sull D., Homkes R., Sull C. 2015. Why strategy execution unravels — and what to do about it. Harvard Business Review. [Electronic resource]. https://hbr.org/2015/03/why-strategy-execution-unravelsand-what-to-do-about-it (accessed: 15.05.2023).

Sull D., Turconi S., Sull C., Yoder J. 2018. Turning strategy into results. MIT, Sloan Management Review 59 (3): 1–12.

Varadarajan R. 2018. Innovation, innovation strategy, and strategic innovation. In: Innovation and Strategy. Review of Marketing Research 15. Emerald Publishing Limited, Bingley; 143–166.

Vigfússon K., Jóhannsdóttir L., Ólafsson S. 2021. Obstacles to strategy implementation and success factors: A review of empirical literature. Strategic Management 26 (2): 12–30.

Voelpel S. C., Leibold M., Eckhoff R. A. 2006. The tyranny of the balanced scorecard in the innovation economy. Journal of Intellectual Capital 7 (1): 43–60.

Wolf V., Dobrucka R., Przekop R., Haubold S. 2021. Cooperative Innovation strategies — review and analysis. LogForum 17 (4): 477–484.


Translation of references in Russian into English

Borovskikh N. V. 2017. Innovative strategies in the system of strategic enterprise management. Almanac of Modern Science and Education 3 (117): 12–15. (In Russian)

Vishnevskiy K. O., Karasev O. I. 2010. Identifying the future of new materials with the use of foresight methods. Foresight and STI Governance 4 (2): 58–67. (In Russian)

Gershman M. A. 2013. Innovation development programmes for the state-owned companies: First results. Foresight and STI Governance 7 (1): 28–43. (In Russian)

Lazarev V. N., Shulenkova T. A. 2019. Innovation aspects of the strategic development of an industrial enterprise. In: University Science in Modern Conditions. Collection of materials of the 56th scientific and technical conference. Ulyanovsk: 117–120. (In Russian)

Matich L. Yu. 2017. Technology roadmaps: Implementation of innovation management in large companies. Russian Management Journal 15 (3): 327–356. (In Russian)

Nikulina N. O., Malakhova A. I., Batalova V. I., Barmina O. V. 2022 A goals cascading methodology in project-oriented company. Ontology of Designing 12 (3): 367–379.

Roubentchik A. 2014. The roads that we choose: roadmaps application in the enterprise architecture. [Electronic resource]. https://www.cfin.ru/management/strategy/plan/roadmapping.shtml (accessed: 15.05.2023). (In Russian)

Sarayev V. V., Medovnikov D. S., Rozmirovich S. D. 2020. The Birth of Corporate Ecosystems. Moscow: Innopraktika. (In Russian)

Sokolov A. V., Karasev O. I. 2009. Foresight and technology roadmaps for nano industry. Nanotechnologies in Russia 4 (3–4): 8–15. (In Russian)

Trachuk A. V. 2013. Formation of a corporate innovation strategy. Upravlencheskie Nauki 3: 16–25. (In Russian)

Etingof M. E. 2014. The role of innovation strategies in the strategic management of an organization. RGGU Bulletin. Series «Economics. Management. Law» 3 (125): 18–25. (In Russian)

Published

2023-12-31

How to Cite

Bereznoy, A. V., & Snegirev, A. Y. (2023). Operationalization of the corporate strategies for innovation development: Capabilities of technology roadmaps. Russian Management Journal, 21(4), 453–480. https://doi.org/10.21638/spbu18.2023.401

Issue

Section

Theoretical and Empirical Studies