Radical Technological Innovation–Comparison of a Critical Success Factors Framework with Existing Literature
Radical technological innovations enable companies
to reach strong market positions and are thus desirable. On the other
hand, the innovation process is related to significant costs and risks.
Hence, the knowledge of the factors that influence success is crucial
for technology driven companies. Taking a previously developed
framework of Critical Success Factors for radical technological
innovations as a reference model, we conducted a structured and
focused literature review of eleven standard books within the field of
technology and innovation management. With this approach we aim
to evaluate, expand, and clarify the set of Critical Success Factors
detailed in this framework. Overall, the set of factors and their
allocation to the main categories of the framework could be
confirmed. However, the factor organizational home is not
emphasized and discussed in most of the reviewed literature. On the
other hand, an additional factor that has not been part of the
framework is described to be important – strategy fit. Furthermore,
the factors strategic alliances and platform strategy appear in the
literature but in a different context compared to the reference model.
Critical success factors, radical technological
innovation, TOMP framework, innovation process.