Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Technological diversity management of medical device enterprises

Technological diversity management of medical device enterprises Purpose – The purpose of this paper is to examine knowledge creation and technological diversity management by medical device manufacturers, to identify strategic directions for innovation in the medical device field. Design/methodology/approach – This paper uses two types of data to assess the importance of multiple technologies and technological diversity in product development: patent applications and approvals of medical devices for sale and use in medical treatment. Additional perspective is provided by the results of a survey of management styles. Findings – While knowledge‐creating innovation frequently combines multiple technologies, the scope of technological diversity, the variety of types of technology combined may be wider in low‐risk than in high‐risk innovation. Research limitations/implications – The sample size is too small to justify claims of statistical significance. This research should be extended to incorporate more cases and explore the theme in greater depth. Practical implications – Companies that choose a high‐risk strategy are likely to be more focused on related multiple technologies with which their researchers are already familiar. Conversely, companies that choose a low‐risk strategy may have more room to experiment since, if something goes wrong, the risk to patient health is lower. Innovative medical device enterprise to seek high‐risk device development is proposed to manage optimal diversity for it. Originality/value – This paper analyses two case studies relevant to growing interest in technological diversity and knowledge management in knowledge‐driven innovation in the medical device industry in Japan. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Strategy and Management Emerald Publishing

Technological diversity management of medical device enterprises

Seiya Shimanuki; Tomoko Saiki
Journal of Strategy and Management , Volume 5 (4): 17 – Oct 26, 2012
Download PDF
17 pages

Loading next page...
 
/lp/emerald-publishing/technological-diversity-management-of-medical-device-enterprises-QtZvHkSHXV
Publisher
Emerald Publishing
Copyright
Copyright © 2012 Emerald Group Publishing Limited. All rights reserved.
ISSN
1755-425X
DOI
10.1108/17554251211276380
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to examine knowledge creation and technological diversity management by medical device manufacturers, to identify strategic directions for innovation in the medical device field. Design/methodology/approach – This paper uses two types of data to assess the importance of multiple technologies and technological diversity in product development: patent applications and approvals of medical devices for sale and use in medical treatment. Additional perspective is provided by the results of a survey of management styles. Findings – While knowledge‐creating innovation frequently combines multiple technologies, the scope of technological diversity, the variety of types of technology combined may be wider in low‐risk than in high‐risk innovation. Research limitations/implications – The sample size is too small to justify claims of statistical significance. This research should be extended to incorporate more cases and explore the theme in greater depth. Practical implications – Companies that choose a high‐risk strategy are likely to be more focused on related multiple technologies with which their researchers are already familiar. Conversely, companies that choose a low‐risk strategy may have more room to experiment since, if something goes wrong, the risk to patient health is lower. Innovative medical device enterprise to seek high‐risk device development is proposed to manage optimal diversity for it. Originality/value – This paper analyses two case studies relevant to growing interest in technological diversity and knowledge management in knowledge‐driven innovation in the medical device industry in Japan.

Journal

Journal of Strategy and Management – Emerald Publishing

Published: Oct 26, 2012

Keywords: Japan; Manufacturing industries; Medical appliances; Product development; Knowledge management; Technological diversity; Medical device enterprise

References

  • The exploration of technological diversity and the geographic localization of innovation
    Almeida, P.; Kogut, B.
  • Terumo: breakthrough of high‐tech catheter business
    Aoshima, Y.
  • The Knowledge Link: How Firms Compete Through Strategic Alliances
    Badaracco, J. Jr
  • Knowledge‐relatedness in firm technological diversification
    Breschi, S.; Lissoni, F.; Malerba, F.
  • Strategy and Structure – The History of the Industrial Enterprise
    Chandler, A.
  • Open Innovation
    Chesbrough, H.W.
  • Open Business Models
    Chesbrough, H.W.
  • Building theories from case study research
    Eisenhardt, K.M.
  • Finding the organizational sources of technological breakthroughs: the story of Hewlett‐Packard's thermal ink‐jet
    Fleming, A.
  • Technology as a complex adaptive system: evidence from patent data
    Fleming, A.; Sorenson, O.
  • Science as a map in technological search
    Fleming, A.; Sorenson, O.
  • Perfecting cross‐pollination
    Fleming, L.
  • The leader of the age: Tetsuzo Akutsu, President of Terumo Corporation
    Fukao, N.
  • Diversification dynamics of the Japanese industry
    Gemba, K.; Kodama, F.
  • Toward a knowledge‐based theory of the firm
    Grant, R.M.
  • Strategic knowledge management and diversity management – comparison of P&G and Kao Corp.
    Hayashi, T.; Nakayama, A.
  • Why innovation in health care is so hard?
    Herzlinger, R.E.
  • Knowledge creation and global collaborative R&D systems – comparative analysis of Kao Corp, P&G, and Unilever
    Iguchi, C.; Hayashi, T.
  • Heisei 12 fiscal year the technology trend report of patent applications – medical devices – (summary)
    Japan Patent Office (JPO)
  • Propulsion of integrative celerity research in medical device development
    Japan Science and Technology Agency (JST), Center for Research and Development Strategy (CRDS)
  • Sources of technological diversity
    Jonard, N.; Yildizoglu, M.
  • Firm‐internal knowledge integration and the effects on innovation
    Koch, A.
  • An Evolutionary Theory of Economic Change
    Nelson, R.R.; Winter, S.G.
  • Annual Financial Statement Report 2010
    Nipro Corporation
  • The Knowledge‐Creating Company
    Nonaka, I.; Takeuchi, H.
  • Mechanism of changes in relations of technologies: case study on the diffusion process of X‐ray CT and MRI
    Ohnuma, M.
  • Stage‐gate process for the development of medical devices
    Pietzsch, J.B.; Shluzas, L.A.; Pate‐Cornell, M.E.; Yock, P.G.; Linehan, J.H.
  • Benchmarking global strategic management of technology
    Roberts, E.
  • Engines of Innovation
    Rosembloom, R.; Spencer, W.
  • Managerial Decision Making, Modules in Management Series
    Rowe, A.J.; Boulgarides, J.D.; McGrath, M.R.
  • Intellectual Property Report 2010
    Terumo Corporation
  • Managing Innovation
    Tidd, J.; Bessant, J.; Pavitt, K.
  • The ambidextrous CEO
    Tushman, M.L.; Smith, W.K.; Binns, A.