Barriers to innovation within large financial services firms: An in-depth study into disruptive and radical innovation projects at a bank

Purpose - Since the 2008 financial crisis, the financial industry is in need of innovation to increase stability and improve quality of services. The purpose of this paper is to explore internal barriers that influence the effectiveness of projects within large financial services firms focussing on potentially disruptive and radical innovations....

Business modelling agility: Turning ideas into business

Business Model Innovation is attracting more and more attention from business as well as from academics. Business Model Innovation deals with both technological and knowledge related changes that either may disrupt or sustain existing product/market strategies. Timing of Business Model Innovation both with regard to the right moment as well as...

How Radical is a Radical Innovation? An Outline for a Computational Approach

Radical innovations prompt significant subsequent technological development and exhibit novelty and “architectural” innovation, i.e. rearranging the way design elements are put together in a system. Thus, radical innovations often serve as the foundation for new technological systems, industries or domains and are seen to involve significant...

Towards a conceptual framework for Experience-Driven Innovation

Companies that aim to evoke specific experiences among their customers, should not only modify their design process, but also need to reorganize their innovation processes. Experience-driven innovation has implications on at least three levels in the organization: company, brand, and product/service level. The creative process at each level can...

A Practice Oriented Approach to User Centered Sustainable Design

This paper describes a method for insight generation for sustainable innovations. The method takes a practice oriented approach aiming for product ideas for practice level innovations. The method was applied in a case study on the practice of bathing. Insights on sustainable bathing innovations were gathered during a two-week period in which...