By Elias G. Carayannis, Elpida T. Samara, Yannis L. Bakouros
This publication goals to satisfy the desires of schooling and coaching in glossy recommendations of innovation and entrepreneurship, and specializes in the specified presentation of profitable enterprise practices. As ultra-modern worldwide monetary panorama is altering quickly, the facility of companies to introduce new services and products to the industry speedier than their opponents is likely to be their such a lot specified aggressive virtue. This turns into visible via the numerous marketplace percentage that the main cutting edge businesses achieve whereas expanding profitability. wide examine during this box has confirmed that businesses which are regularly innovating more often than not double their earnings in comparison to others. additionally, developing profitable practices and rules of innovation administration, during which principles evolve from notion via evaluate to implementation and commercialization, turn into the foundation for fiscal development on the company, undefined, nationwide, local, and international levels.
Taking Greece to illustrate, this quantity identifies systemic weaknesses in improvement of latest items, danger capital, patenting, broadband penetration, lifelong education, funding in study at the a part of organisations, high-tech exports, and employment in medium-high-technology production that position the rustic on the backside of the ecu Union in fiscal functionality and threaten its capability to accomplish sustainable progress. to handle those weaknesses in Greece and comparable international locations around the globe, the authors current a accomplished evaluation of the foundations of innovation and entrepreneurship, with specific recognize to their relationships to wisdom, studying, and creativity. Drawing from a powerful theoretical beginning, and illustrated via in-depth case experiences and examples from either inner most and public sectors, the authors current a framework for innovation administration that integrates study, schooling, useful program, and coverage. particular subject matters contain know-how move, highbrow estate rights administration, the perform of data administration highbrow capital funding, company incubators, and Cooperation learn and improvement Agreements (CRADAs).
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4 The Model of Organizational Cognition Spiral The model being suggested contributes to the comprehension of basic issues involved in organizational knowledge management. The model identifies different knowledge situations constituting the two-dimensional function: of knowledge (K) and of meta-knowledge (MK), as defined above, and includes successive ‘cycles of 34 2 Introduction to Innovation Management Fig. 1 Knowledge cycles (Carayannis, GWU lectures, 2000–2009) knowledge’ a person or organization can go through and pass from four stages of knowledge or ignorance.
1007/978-3-319-11242-8_2 27 28 2 Introduction to Innovation Management Some companies even take a step further to connect all information available and construct models that would enhance performance thanks to improved processes, products and their relations to consumers. These companies realize that the actual knowledge requires companies themselves to develop ways whereby their employees shall understand previous connections, advancing beyond infrastructure touching upon all aspects of an enterprise (Hauschild et al.
1). The basic classification is between ‘quantitative’ and ‘qualitative’ measurable characteristics. Quantitative measurable characteristics are the ones directly associated with innovation process. For example, the number of patents is the direct result of the research process and it is not generally affected by external factors. On the contrary, improvement of productivity could be a direct result of innovation but the relation between the two is less clear due to other characteristics affecting it.