8th Annual International Conference on Industrial Engineering and Operations Management

Business Strategy with Exploratory & Exploitative Innovation: The Analytics Role from SMAC Technology

Vimal Kumar
Publisher: IEOM Society International
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Track: Entrepreneurship and Innovation
Abstract

In the context of SMAC technology, the paper investigates the analytics focus that plays a vital in the business strategy. The SMAC technology has been using to insight into business issues to increase the firm’s performance and sustain the business. On the basis of a comprehensive literature survey, we explore the two business strategy such as cost leadership and differentiation and two types of innovation focus such as exploratory & exploitative. Analytics focus in the firms is increasingly recognized as the application base that leads to enhancing competitiveness. Further, we build a theoretical framework and give four propositions that can clearly identify how the different strategic firms would require different types of analytics. In addition, we investigate the relationship between exploratory/ exploitative innovation, cost leadership/differentiation strategy, and analytics applications.    

Published in: 8th Annual International Conference on Industrial Engineering and Operations Management, Bandung, Indonesia

Publisher: IEOM Society International
Date of Conference: March 6-8, 2018

ISBN: 978-1-5323-5944-6
ISSN/E-ISSN: 2169-8767