Department of Management

Forward-Looking Search Within Innovation Projects: Can IT Influence Innovativeness

Publication: Research - peer-reviewPaper

To develop highly-innovative projects, which are fraught with uncertainty and longer development times, one cannot solely rely on initial planning and budgeting to ensure the project’s outcome remains novel. This study posits that to develop innovative projects, project teams need to engage in forward-looking search during development to ensure the project’s outcome remains novel and relevant. We refer to forward-looking search as the search and evaluation of information on markets, customers, and technologies in terms of their future impact.
Data on 159 unique innovation projects from the Danish manufacturing industry shows that forward-looking search significantly impacts innovativeness. The effect follows an inverted-U shape where the greatest positive effect on innovativeness occurs in moderately planned projects and significantly lower effects in low- and highly planned projects. Furthermore, slack resources available during project development also significantly increases forward-looking search’s impact on innovativeness. These findings suggest that to increase the innovativeness of projects, planning should retain room for flexibility and avoid a high level of detail and rigidity. In addition the results emphasize the importance of slack budgets for project adjustment during execution.
Original languageEnglish
Publication year18 Jun 2017
Number of pages6
StatePublished - 18 Jun 2017
EventThe XXVIII ISPIM Innovation Conference - Vienna, Austria

Conference

ConferenceThe XXVIII ISPIM Innovation Conference
CountryAustria
CityVienna
Period18/06/201721/06/2017
Internet address

    Keywords

  • Forward-Looking Search, Innovativeness, Innovation Projects, Project Planning, Slack Resources, Industry Concentration

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