Strategic Innovation in Russia by Taco C. R. van Someren & Shuhua van Someren-Wang

Author:Taco C. R. van Someren & Shuhua van Someren-Wang
Language: eng
Format: epub
Publisher: Springer International Publishing, Cham

3.9.3 Dynamic Value as Modus Operandi of Strategic Innovation

Dynamic value (DV) is the modus operandi of strategic innovation. The future world economy characterized by sustainability, Internet of Things, new leading regions with different norms and values including non-Western time concepts forces to rethink the classical Western profit, shareholder value and Triple P (including monetarized versions) performance measures. The Dynamic Value covers the economic activities of the future growth curves on macro, meso and micro level.

The Dynamic Value fits to the concept of strategic innovation because it combines the seven time dimensions such as short term and long term effects and includes the Triple E. This shift of performance measures is presented in Fig. 3.23.

Fig. 3.23From profit and Triple P to Dynamic Value. Source: based on Someren and Someren-Wang (2013, fig. 4.13, p. 137)

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