Date of Award
Doctorate of Business Administration (DBA)
Program of Study
Karl R. Lang
Research in innovation has been widely conducted by academics. However, many of them merely define associations among innovation factors, findings are often contradictory, and research that involves innovation leaders with rich experiences, both successes and failures, is rare. Thus, how to best innovate remains a question among practitioners. This qualitative research is aimed at filling this gap in the literature. To that end, 23 innovation leaders, most of whom founded software companies worth hundreds of millions to billions of dollars, were interviewed with a grounded theory approach using Peter Drucker’s innovation theory as a lens through which to view new theories and develop an innovation framework. As Drucker’s theory is nearly 40 years old and technology has evolved dramatically, examining the extent to which the theory still applies to contemporary innovation management is crucial. Results confirmed six out of Drucker’s 12 innovation principles, two were revised, one was contradicted and three could not be validated due to the lack of data. Beyond largely validating Drucker’s theory, this paper proposes that the environment acts as a mediator in innovation and suggests ways to create the right environmental factors and foster innovation. Finally, this paper refines Drucker’s theory and develops seven novel theoretical propositions to create a more holistic theoretical framework to better understand innovation in the tech space and guide business practitioners.
Rim, Jihoon, "How Innovation Occurs in the Software Industry: A Qualitative Study on Innovation Management" (2022). CUNY Academic Works.