Four Stages of Startup Innovation Lifecycle for Mature Companies

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific

    Abstract

    In ICT sector and software industries, especially in cases of start-ups, time to market process is really fast, or otherwise business opportunity might be lost. Lean thinking have been successfully applied to product development at startup companies, which is called the Lean Startup method. Despite lean methodology origins are in manufacturing industries, today product innovations are done in multiple stages in traditional European manufacturing industries. Study seeks the answer in the question: how to improve mature companies' product innovation lifecycle in traditional product based businesses? Study is based on the literature review and on the empirical case data evidence from the multiple case studies in Europe. This study indicates four stages how to accelerate idea to market time in manufacturing industries, by combining lessons learned from startups and Lean Startup methodology. The presented acceleration stages are intended as a step towards a better management of time to market processes.
    Original languageEnglish
    Title of host publicationFostering Innovation Ecosystems
    PublisherInternational Society for Professional Innovation Management ISPIM
    ISBN (Print)978-952-335-019-9
    Publication statusPublished - 2017
    MoE publication typeB3 Non-refereed article in conference proceedings
    EventISPIM Innovation Forum 2017: Fostering Innovation Ecosystems Conference - Toronto, Canada
    Duration: 19 Mar 201722 Mar 2017

    Conference

    ConferenceISPIM Innovation Forum 2017: Fostering Innovation Ecosystems Conference
    CountryCanada
    CityToronto
    Period19/03/1722/03/17

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    Keywords

    • product innovations
    • accelerating
    • time to market
    • startups

    Cite this

    Hemilä, J. (2017). Four Stages of Startup Innovation Lifecycle for Mature Companies. In Fostering Innovation Ecosystems International Society for Professional Innovation Management ISPIM.