A step towards Successful Implementation of Business Model Innovation: Philips Perspective

In today’s fast growing and competitive environment, keeping up with changing trends has become a necessity for firms to beat the competition. A relatively new form of innovation with a growing community of people have stated that Business Model Innovation is essentially the key to successful organizations nowadays. Several companies are failing...

Developing a conceptual model on strategies overcoming barriers for the introduction of radical innovations in niches

Radical innovation is widely acknowledged as important for companies aiming to contribute to sustainable development while maintaining and improving their competitive advantage. However, the diffusion and development process of radical innovations is described as uncertain and long-winded due to barriers raised within the socio-technical system....

Exploring the barriers and strategies of the innovation phase: a case study in renewable energy technologies

More than ever, there is a growing importance of renewable energy technology (RET) as a part of the global energy source. With the increasing need of a cleaner energy and abundance incentives from the government, the evolution of innovating firms who are developing radical innovations related to RET products has been expanding, especially in the...

Market strategies for offshore wind in Europe: A development and diffusion perspective

Offshore wind will contribute to the decarbonization of European power systems, but is currently costlier than many other generation technologies. We assess the adequacy of market strategies available to private actors developing offshore wind farms in Europe, by employing the development and diffusion pattern model. The model includes two...