%0 Journal Article %J Technology Innovation Management Review %D 2016 %T Managing Innovation Ecosystems to Create and Capture Value in ICT Industries %A Jarkko Pellikka %A Timo Ali-Vehmas %K innovation ecosystem %K management %K network %K strategy %K value capture %X In a new knowledge-intensive economic landscape, firms need to access external knowledge sources due to their inability to generate all necessary knowledge on their own. The interaction with and learning from external knowledge sources implies that firms depend upon decisions and actions made by business partners and external support organizations. This network of linkages can be considered as an ecosystem in which commercial enterprises and non-firm organizations interact with one another and work together to create and capture value. Previous studies have shown that a firm’s ability to successfully commercialize a new product depends not only on its own technology strategy but also its capabilities to manage an innovation ecosystem strategy. Dynamic markets, intense competition, and shorter product lifecycles force companies across different industries to create and capture value more rapidly by launching new innovations. Well-defined and executed innovation ecosystem strategies can help companies to develop new markets and business opportunities for the different types of innovations and enable their businesses to grow. This study provides new insight into how an ecosystem strategy can be formed based on the traditional strategy literature and proposes a conceptual framework for senior leaders to form an ecosystem strategy. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 6 %P 17-24 %8 10/2016 %G eng %U http://timreview.ca/article/1024 %N 10 %1 Nokia Technologies Jarkko Pellikka is Head of Operations at Nokia Technologies in Espoo, Finland. He holds a PhD in Economics and Business Administration, a Lean Six Sigma Black Belt, and PMP certifications. He has worked for several years in leading global multinational companies and he has been responsible for managing and developing numerous global business operations and major initiatives in technology and innovation management. His research focuses on the commercialization process of innovation, operations and technology management, and business development in technology industries. His research on the commercialization process of innovation, innovation management, and business leadership in high-technology industries has been published in several international journals and books. %2 Nokia Technologies Timo Ali-Vehmas is a Nokia Fellow and currently works as Head of Ecosystems Research at Nokia Technologies in Espoo, Finland. In his previous role, he was in charge of Nokia’s standardization activities as the Vice President, Compatibility and Industry Collaboration, including Nokia’s contributions to forums such as the 3GPP, ETSI, CCSA, ITU, IETF, W3C, OMA, DLNA, IEEE, WFA, BT, and many others. He has been working at Nokia since 1980 in a number of different areas, including R&D manager of the first Nokia GSM mobile phone and later Vice President, WCDMA Product Programs in Nokia Mobile Phones. He was also tasked to establish the Radio Communication Laboratory in the Nokia Research Centre. For several years, he has been also a member of the European Union's Open Innovation Strategy and Policy Group (OISPG). Since 2012, Timo has served as the Chairman of the Board of Nokia Foundation and since 2008 has been a member of the Board of the Walter Ahlström Foundation. %R http://doi.org/10.22215/timreview/1024