A part of INNOVATION SYSTEM APPROACH, a wider theoretical school.

a person develops an innovation for their own use because existing products do not meet their needs.

A new or improved product or process that differs significantly from the previous.

Focuses on knowledge interaction both inside and outside the enterprise.

Provides a road map for innovation

The flow of technology and information among people, enterprises, and institutions is key to an innovative process.

Evolving institutions, entrepreneurs, changes are at economic growth.

Innovation can happen anywhere, whether it is a ________ or __________ organization.

The result of using approaches, processes, behaviors, and mindsets the of entrepreneurs/innovators

It is a process where some people are more apt to adopt the innovation than others.

arise when the dominant paradigm under which normal science operates is rendered incompatible with new phenomena, facilitating the adoption of a new theory or paradigm.

a person innovates in order to sell the innovation

The road to innovation of world-class enterprises do not depend on individual improvements or enhancements but a result from organized innovation.

"breaking through various constraints and improvising effective solutions using limited resources"

The process of developing and deploying effective solutions to challenging and often systemic social and environmental issues

Two Main Dimensions Of Innovation

Method for solving technology and business problems for organizations

Total and collaborative innovation driven by a strategic vision that aims for a sustainable and competitive advantage.

Holistic Innovation

A growing economic theory that emphasized entrepreneurship and innovation.

Framework for understanding innovation which became popular among policy makers and innovation researchers.

Social Innovation Process

The end result is that people will adopt a new idea, behavior, or product.

Meet physical, temporal, and collaborative needs.

It originated in communication to explain how an idea or product gains momentum and diffuses through a specific social system.

Latin word of innovation

Sources Of Innovation

3 Basic Categories of Technological Innovation System

Encourage talent to try, fail fast, and learn from mistakes.

Disruptive forces and marketplace changes shrinking company lifespans.

The main goal of business is to develop new and innovative goods and services that generate economic growth while delivering benefits society.

To survive, companies are ramping up innovation

Tends to focus more on the technical path as required for successful implementation

System components are called _________, which represent the static aspect of the system.

NOT ALL INNOVATIONS REQUIRE NEW INVENTIONS.

Carrying out of new combinations.Carrying out of new combinations.

Innovation Engineering Process

3 Levels Of Analysis

The phenomenon by which an innovation transforms an existing market or sector.

Emphasizes the key role of knowledge elements in value creation.

is what primarily drives economic growth in today's knowledge-based economy.

Digitize activities to funnel and propel innovation

Object Of Innovation

Analyze and evaluate the development of particular technological field in terms of structures and processes.

Focuses on the importance of users in the innovation process and argues that the goal is to meet the needs of users.

Types Of Innovation

It requires a set of shared beliefs and behaviors to be successful.

A dynamic network of agents interacting in a specific economic/industrial area under a particular institutional infrastructure

innovare means

A typical catch-up path with "Made in China"

Data shows that while profits matter, good firms supply far more, bringing innovation to the market

It means to improve or to replace something.

Involved in the generation, diffusion, and utilization of technology.

Five Adopter Categories