Model for Development of Innovative ICT Products at High-Growth Potential Startups

Didzis Rūtītis; Tatjana Volkova

doi:10.1007/978-3-030-77438-7_14

Model for Development of Innovative ICT Products at High-Growth Potential Startups

Didzis Rūtītis (Corresponding Author)
, Tatjana Volkova

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review

6 Citations (Scopus)

Abstract

Product development teams at ICT companies are using various innovation tools (e.g., Business Model Canvas, Lean Startup) and management methodologies (e.g., Lean Startup, Kaizen). The aim of this chapter is to align selection of innovation tools with company growth in subsequent stages of product development before and during commercialization stage. This chapter introduces a conceptual framework to be applied for creation of new ICT products by technology startups. This model describes the ICT product development path and availability of methods taking into account the product development stages. The choice of the tools and methods for development of innovative ICT products is found to be also correlated with the product IRL (innovation readiness level), choice of the growth financing (self-financing vs. venture money), and internal environment factors. The main findings of the research related to the validation of the proposed model for ICT product development by a number of emerging university spin-offs. The novelty of the research is related to introduction of relationship between currently available product development (innovation) tools and managerial processes, and the product development cycle.

Original language	English
Title of host publication	Eurasian Studies in Business and Economics
Subtitle of host publication	Proceedings of the 32nd Eurasia Business and Economics Society Conference
Publisher	Springer Nature
Pages	229-241
Number of pages	13
ISBN (Electronic)	978-3-030-77438-7
ISBN (Print)	978-3-030-77437-0
DOIs	https://doi.org/10.1007/978-3-030-77438-7_14
Publication status	Published - 2021
Externally published	Yes
Event	32nd Eurasia Business and Economics Society (EBES) Conference - online, Istanbul, Turkey Duration: 5 Aug 2020 → 7 Aug 2020 Conference number: 32 https://www.econbiz.de/events/event/32nd-ebes-conference-istanbul-2020-eurasia-business-and-economics-society/10012059556 https://ebesweb.org/conferences/past-conferences/32nd-ebes-conference-istanbul/32nd-ebes-conference-istanbul/

Publication series

Name	Eurasian Studies in Business and Economics
Volume	19
ISSN (Print)	2364-5067
ISSN (Electronic)	2364-5075

Conference

Conference	32nd Eurasia Business and Economics Society (EBES) Conference
Abbreviated title	EBES Istanbul
Country/Territory	Turkey
City	Istanbul
Period	5/08/20 → 7/08/20
Internet address	https://www.econbiz.de/events/event/32nd-ebes-conference-istanbul-2020-eurasia-business-and-economics-society/10012059556 https://ebesweb.org/conferences/past-conferences/32nd-ebes-conference-istanbul/32nd-ebes-conference-istanbul/

Keywords*

ICT
Innovation
Product development
Startups

Field of Science*

5.2 Economy and Business

Publication Type*

3.1. Articles or chapters in proceedings/scientific books indexed in Web of Science and/or Scopus database

Access to Document

10.1007/978-3-030-77438-7_14

Cite this

Rūtītis, D., & Volkova, T. (2021). Model for Development of Innovative ICT Products at High-Growth Potential Startups. In Eurasian Studies in Business and Economics: Proceedings of the 32nd Eurasia Business and Economics Society Conference (pp. 229-241). (Eurasian Studies in Business and Economics; Vol. 19). Springer Nature. https://doi.org/10.1007/978-3-030-77438-7_14

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abstract = "Product development teams at ICT companies are using various innovation tools (e.g., Business Model Canvas, Lean Startup) and management methodologies (e.g., Lean Startup, Kaizen). The aim of this chapter is to align selection of innovation tools with company growth in subsequent stages of product development before and during commercialization stage. This chapter introduces a conceptual framework to be applied for creation of new ICT products by technology startups. This model describes the ICT product development path and availability of methods taking into account the product development stages. The choice of the tools and methods for development of innovative ICT products is found to be also correlated with the product IRL (innovation readiness level), choice of the growth financing (self-financing vs. venture money), and internal environment factors. The main findings of the research related to the validation of the proposed model for ICT product development by a number of emerging university spin-offs. The novelty of the research is related to introduction of relationship between currently available product development (innovation) tools and managerial processes, and the product development cycle.",

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author = "Didzis Rūtītis and Tatjana Volkova",

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url = "https://www.econbiz.de/events/event/32nd-ebes-conference-istanbul-2020-eurasia-business-and-economics-society/10012059556, https://ebesweb.org/conferences/past-conferences/32nd-ebes-conference-istanbul/32nd-ebes-conference-istanbul/",

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Rūtītis, D & Volkova, T 2021, Model for Development of Innovative ICT Products at High-Growth Potential Startups. in Eurasian Studies in Business and Economics: Proceedings of the 32nd Eurasia Business and Economics Society Conference. Eurasian Studies in Business and Economics, vol. 19, Springer Nature, pp. 229-241, 32nd Eurasia Business and Economics Society (EBES) Conference, Istanbul, Turkey, 5/08/20. https://doi.org/10.1007/978-3-030-77438-7_14

Model for Development of Innovative ICT Products at High-Growth Potential Startups. / Rūtītis, Didzis (Corresponding Author); Volkova, Tatjana.
Eurasian Studies in Business and Economics: Proceedings of the 32nd Eurasia Business and Economics Society Conference. Springer Nature, 2021. p. 229-241 (Eurasian Studies in Business and Economics; Vol. 19).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Research › peer-review

TY - GEN

T1 - Model for Development of Innovative ICT Products at High-Growth Potential Startups

AU - Rūtītis, Didzis

AU - Volkova, Tatjana

N1 - Conference code: 32

PY - 2021

Y1 - 2021

N2 - Product development teams at ICT companies are using various innovation tools (e.g., Business Model Canvas, Lean Startup) and management methodologies (e.g., Lean Startup, Kaizen). The aim of this chapter is to align selection of innovation tools with company growth in subsequent stages of product development before and during commercialization stage. This chapter introduces a conceptual framework to be applied for creation of new ICT products by technology startups. This model describes the ICT product development path and availability of methods taking into account the product development stages. The choice of the tools and methods for development of innovative ICT products is found to be also correlated with the product IRL (innovation readiness level), choice of the growth financing (self-financing vs. venture money), and internal environment factors. The main findings of the research related to the validation of the proposed model for ICT product development by a number of emerging university spin-offs. The novelty of the research is related to introduction of relationship between currently available product development (innovation) tools and managerial processes, and the product development cycle.

AB - Product development teams at ICT companies are using various innovation tools (e.g., Business Model Canvas, Lean Startup) and management methodologies (e.g., Lean Startup, Kaizen). The aim of this chapter is to align selection of innovation tools with company growth in subsequent stages of product development before and during commercialization stage. This chapter introduces a conceptual framework to be applied for creation of new ICT products by technology startups. This model describes the ICT product development path and availability of methods taking into account the product development stages. The choice of the tools and methods for development of innovative ICT products is found to be also correlated with the product IRL (innovation readiness level), choice of the growth financing (self-financing vs. venture money), and internal environment factors. The main findings of the research related to the validation of the proposed model for ICT product development by a number of emerging university spin-offs. The novelty of the research is related to introduction of relationship between currently available product development (innovation) tools and managerial processes, and the product development cycle.

KW - ICT

KW - Innovation

KW - Product development

KW - Startups

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BT - Eurasian Studies in Business and Economics

PB - Springer Nature

T2 - 32nd Eurasia Business and Economics Society (EBES) Conference

Y2 - 5 August 2020 through 7 August 2020

ER -

Model for Development of Innovative ICT Products at High-Growth Potential Startups

Abstract

Publication series

Conference

Keywords*

Field of Science*

Publication Type*

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