%0 Journal Article %J Technology Innovation Management Review %D 2013 %T Corporate Lifecycles: Modelling the Dynamics of Innovation and Its Support Infrastructure %A Tamas Koplyay %A Lisa Chillingworth %A Brian Mitchell %K innovation %K Innovation management %K leadership %K market lifecycle %K model %K organizational culture %K staffing %X Corporate leadership and corporate culture have to be aligned to market realities to ensure the long-term success of a firm. As companies form, grow, and mature, the management of the enterprises also have to evolve through the business lifecycle. What is successful in the introduction stage may not be successful for a mature company. Firms are required to change their focus from product development, to market development, to process development, and finally to market and financial leadership. To be successful means that not only the types of employees hired have to evolve to support the culture required, but the leadership styles and management focus also have to change and adapt to the new realities that firms encounter in their market. The dynamic model presented in this article shows the broad strategic imperatives that must be met by firms, and it is presented through a graphical illustration of how successful firms manage their evolution and how firms can fail through mis-allocation of corporate efforts to non-mission critical initiatives. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 3 %P 22-29 %8 10/2013 %G eng %U http://timreview.ca/article/733 %N 10 %1 Université du Québec en Outaouais Tamas Koplyay is Professor of High-Technology Strategic Management at the Université du Québec en Outaouais in Gatineau, Canada. He received Master's degrees in Systems Engineering, Applied Mathematics, and Information Theory from the State University of New York, United States; he received his MBA from the University of Ottawa, Canada; and he received his PhD in Systems Science from Michigan State University, United States. He has been a visiting researcher at the Harvard Law School in Public Finance. Currently, he is also the Director of Research for the Canadian Advanced Technology Alliance as part of his university commitments to the high-technology community. %2 Szent István University Lisa Chillingworth a PhD candidate in Management and Business Administration at Szent István University in Budapest, Hungary. She obtained her Bachelor of Arts degree from York University in Toronto, Canada. She is a Project Management Professional (PMP) and LEED Accredited Professional (Leadership in Energy and Environmental Design) and holds her Masters degree in Project Management from the Université du Québec, Canada, for which she received the 2012 Governor General’s Gold Medal for academic excellence. Ms. Chillingworth has 20 years of experience in project management and is currently the Director of Program Management and Advisory Services, North America, for an international real estate and capital facilities project management firm. Previously, Ms. Chillingworth spent a number of years as a project and management consultant, specializing in business transformation, operations, and strategic planning. She is also the Director of International Corporate Relations for the Global Academic Network, and their annual Global Management Conference, which work to bridge academia and the business community. She is also an Executive in Residence and Associate Director of Research for the Canadian Advanced Technology Alliance (CATA). %3 Szent István University Brian Mitchell is a PhD candidate in Management and Business Administration at Szent István University in Budapest, Hungary. He holds a Master’s degree in Project Management from the Université du Quebec, Canada, is a Project Management Professional (PMP), and LEED Accredited Professional (Leadership in Energy and Environmental Design) in the building design and construction industry. Mr. Mitchell has over 25 years of diverse experience in the delivery and management of capital projects and related work. As the National Practice Manager for a leading Canadian project management company, Mr. Mitchell was responsible for corporate research, project management best practice methodologies, and knowledge transfer across Canada. He was also a reviewer of the Project Management Institute's Construction Extension to the PMBoK Guide, Second Edition. %R http://doi.org/10.22215/timreview/733