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
- Higher grades + faster learning
- Never study anything twice
- 100% sure, 100% understanding
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
The question on the page originate from the summary of the following study material:
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