Which form of innovation is most appropriate? The critical influence of network structure

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Firms determining their innovation strategy should consider how they connect with other companies. In a close-knit network, it is most appropriate to share knowledge and resources in order to enhance current offerings. But in a network characterized by diversity among members, firms would benefit more by acting as the broker to fill structural holes and gain access to the novel ideas, knowledge and resources needed to implement exploratory innovation.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2018), "Which form of innovation is most appropriate? The critical influence of network structure", Strategic Direction, Vol. 34 No. 9, pp. 4-6. https://doi.org/10.1108/SD-05-2018-0109