-
Which Innovation Model
August 2, 2011 Editor 0
Which innovation model a country chooses can have implications for its long term ability to sustain its innovation. Recent discussions have focused on the US “disruptive innovation” as opposed to the Japanese “sustaining innovation”. Disruptive innovation describe innovations that improve a product or service in ways that the market does not expect, typically first by designing for a different set of consumers in the new market and later by lowering prices in the existing market. A sustaining innovation does not create new markets or value networks but rather only evolves existing ones with better value, allowing the firms within to compete against each other’s sustaining improvements.
We have collected a series of links to Innovation Models which you will find at the end of this article.
The African continent is diverse and each country will have its own determinants of which Innovation Model will deliver its objectives. At the same time, its clear that an Open Innovation Model will have prove immensely beneficial to many countries on the continent. The boundaries between a firm and its environment have become more permeable; innovations can easily transfer inward and outward. The central idea behind open innovation is that in a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research, but should instead buy or license processes or inventions from other companies.
Innovation Models in a Service Driven Economy, Innovation Models , A Review of Innovation Models
Related Posts
The Risks of Innovation in Health Care.
The power of disruptive technological innovation: Transcatheter aortic valve implantation.
‘Borrow’ Business Models to Reinvent Your Industry
Disrupting the old order of imaging.
Building a culture of innovation by maximizing the role of the RN.
- Five Ways to Innovate Faster
Categories: Innovation
Tags: disruptive innovation, japanese, model
What are Affordable Technologies for Supporting Learning and Collaboration in Africa? Open Innovation vs. Dead Zones
Subscribe to our stories
Recent Posts
- SL Crowd Green Solutions September 21, 2020
- Digital transformation in the banking sector: surveys exploration and analytics August 3, 2020
- Why Let Others Disrupt You? Take the Smart Self-Disruption Journey! August 3, 2020
- 5 Tips for Crowdfunding During the Pandemic August 3, 2020
- innovation + africa; +639 new citations August 3, 2020
Categories
Archives
Popular Post-All time
- A review on biomass-based... 0.9k views
- Can blockchain disrupt ge... 683 views
- Prize-winning projects pr... 678 views
- Apply Now: $500,000 for Y... 605 views
- Test Your Value Propositi... 533 views