Autor: Jonas Soluk

The Industrial Internet of Things (IIoT) radically changes value creation in the manufacturing industry. Dynamic environmental factors, technical complexity, and limited resources cause many companies to be left behind. As a principle borrowed from strategic planning, business ecosystems can provide new ways of interorganizational collaboration and thus dynamize efforts to internalize specific IIoT knowledge. Especially in an early phase of trend scouting and idea generation, ecosystems can be seen as a highly effective venturing concept.

For many enterprises, an effective innovation management is an essential part of their sustainable corporate strategy. Without a doubt, creating product, process and business model innovations is necessary to survive the dynamic competition of the 21st century. Opinions differ regarding the question which modality is best to attain this goal. A universally valid model to increase innovation dynamics does not exist. However, the conventional approaches of the last few decades have something in common: They seem to reach its limits in the sense of Industry 4.0 and radical market changes. The use of corporate venture capital can enable corporations to not only react to the change, but also to shape it proactively.