757: Purpose-Driven Strategic Renewal, Open Innovation & Generative Change: Models, Governance, Practice (12103)

Sunday, August 11, 2024

11:30 – 13:00 CT (GMT-5/UTC-5)

Location: Marriott: Northwestern

Session Number: 757
Symposium (panel)
Orientation: Practice,International,Theme,Research
Showcase Symposium
Shareable link: https://cdmcd.co/8YvBzx

Panelist(s)

MT

Michael L. Tushman

Harvard U., United States
HV

Henk W. Volberda

Amsterdam Business School, U. of Amsterdam, Netherlands
AD

Alberto Di Minin

National Biodiversity Future Center (NBFC), Italy
GB

Gervase R. Bushe

Beedie School of Business Simon Fraser U., Canada

Session Chair(s)

AB

Albena Björck

ZHAW School of Management and Law, Switzerland
JP

Johanna E. Pregmark

Chalmers U. of Technology, Sweden

Organizer(s)

GG

Gianluca Gionfriddo

Institute of Management, Scuola Superiore Sant'Anna, Pisa, Italy
TF

Tobias Fredberg

Chalmers U. of Technology, Sweden

Unprecedented challenges of disruptive technologies, climate change and social crises, as well as stakeholder disorientation, call for a re-evaluation of organizational capabilities, growth priorities, and the way organizations change and innovate for the future. Established companies face a sharp increase of exploration and exploitation tensions and the need for renewal of business practice, models, and governance is existential. In these conditions, examples of high-growth companies place the corporate purpose central to their strategy and innovation, leveraging it to restructure playing fields and value propositions (Knowles & Hunsacker, 2022; Malnight et al., 2019), to catalyze systematic change (Henderson, 2021), to serve multiple stakeholders’ interests (Battilana et al., 2022), and to radically reinvent themselves (Binns, O’Reilly & Tushman, 2022). In continuation of the AOM2023 symposium “Purpose-driven Innovation and Transformation” and building on existing and emerging empirical research, the aim of this symposium is to deepen the discussion and explore the under-researched role of corporate purpose in the specific fields of strategic renewal, generative change as well as groundbreaking and collaborative innovation. For a insightful and lively debate on these topics, we invited leading experts in organizational transformation and evolution, strategic renewal, disruptive and open innovation, visionary leadership, and ambidexterity. The members of the panel have academic as well as practitioner backgrounds and experiences.