Sources of innovation and the innovaton process

9 important questions on Sources of innovation and the innovaton process

Who present insights for innovation?

Individuals

Corporate undertakings

Spillovers

Process needs

Users

What are the sources for innovation?

Individuals
Corporations

Users
Employees
Outsiders

Spill-overs
Process needs

What does Schumpeter mark 1 stress?

The role of the individual in innovation

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Why is the garage model of innovation still going strong?

- Growth of small firm sector

- New organisational arrangement e.g. strategic alliances

- Availability of financial support e.g. business angels

- Role models

What are the advantages of Outsiders?

- Provide a different perspective

- Not held back by inhibitions or 'conventional wisdom' , not tied (not aware of) to existing paradigms

- More willing to challenge existing assumptions

- More likely to have broad range of external contacts
- Not-invented-here syndrome in corporations

What are characteristics of a spill-over

Likely to occur if  'appropriability' is problematic

May be associated with a region (silicon valley; coffee bars)

Often linked to staff mobility (so-called staff churn and associated knowledge mobility)

What are the characteristics of Process Needs?

- Where a bottleneck occurs; making it better and cheaper

- Intense pressure builds to 'cure' the bottleneck

- Very strong incentive for innovation

- Often potential for massive cost reduction

 

How can you picture Technology push?

From R+D -> Production -> Marketing -> need?

How can you picture a market pull (demand pull)?

An Expressed market need to R+D -> Production -> Marketing,  or from expressed market need to Marketing

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