Innovation: A data-driven approach
AbstractA newly introduced product or service becomes an innovation after it has been proven in the market. No one likes the fact that market failures of products and services are much more common than commercial successes. A data-driven approach to innovation is proposed. It is a natural extension of the system of customer requirements in terms of their number and type and the ways of collecting and processing them. The ideas introduced in this paper are applicable to the evaluation of the innovativeness of planned introductions of design changes and design of new products and services. In fact, blends of products and services could be the most promising way of bringing innovations to the market. The most important toll gates of innovation are the generation of new ideas and their evaluation. People have limited ability to generate and evaluate a large number of potential innovation alternatives. The proposed approach is intended to evaluate many alternatives from a market perspective.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Elsevier in its journal International Journal of Production Economics.
Volume (Year): 122 (2009)
Issue (Month): 1 (November)
Contact details of provider:
Web page: http://www.elsevier.com/locate/ijpe
Innovation science Data mining Innovation rules Innovation framework Evolutionary computation;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Aghion, P. & Howitt, P., 1989.
"A Model Of Growth Through Creative Destruction,"
527, Massachusetts Institute of Technology (MIT), Department of Economics.
- Aghion, P. & Howitt, P., 1989. "A Model Of Growth Through Creative Destruction," UWO Department of Economics Working Papers 8904, University of Western Ontario, Department of Economics.
- Aghion, P. & Howitt, P., 1990. "A Model Of Growth Through Creative Destruction," DELTA Working Papers 90-12, DELTA (Ecole normale supérieure).
- Philippe Aghion & Peter Howitt, 1990. "A Model of Growth Through Creative Destruction," NBER Working Papers 3223, National Bureau of Economic Research, Inc.
- Hacklin, Fredrik & Marxt, Christian & Fahrni, Fritz, 2006. "Strategic venture partner selection for collaborative innovation in production systems: A decision support system-based approach," International Journal of Production Economics, Elsevier, vol. 104(1), pages 100-112, November.
- Albino, Vito & Carbonara, Nunzia & Giannoccaro, Ilaria, 2006. "Innovation in industrial districts: An agent-based simulation model," International Journal of Production Economics, Elsevier, vol. 104(1), pages 30-45, November.
- Koskinen, Kaj U. & Vanharanta, Hannu, 2002. "The role of tacit knowledge in innovation processes of small technology companies," International Journal of Production Economics, Elsevier, vol. 80(1), pages 57-64, November.
- Eric von Hippel, 1986. "Lead Users: A Source of Novel Product Concepts," Management Science, INFORMS, vol. 32(7), pages 791-805, July.
- de Vries, Erik J., 2006. "Innovation in services in networks of organizations and in the distribution of services," Research Policy, Elsevier, vol. 35(7), pages 1037-1051, September.
- Philippe Aghion & Peter Howitt, 1997. "Endogenous Growth Theory," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262011662, January.
- Henkel, Joachim, 2006. "Selective revealing in open innovation processes: The case of embedded Linux," Research Policy, Elsevier, vol. 35(7), pages 953-969, September.
- Bordoloi, Sanjeev & Guerrero, Hector H., 2008. "Design for control: A new perspective on process and product innovation," International Journal of Production Economics, Elsevier, vol. 113(1), pages 346-358, May.
- Gilbert, Nigel & Ahrweiler, Petra & Pyka, Andreas, 2007. "Learning in innovation networks: Some simulation experiments," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 378(1), pages 100-109.
- Gallouj, Faiz & Weinstein, Olivier, 1997. "Innovation in services," Research Policy, Elsevier, vol. 26(4-5), pages 537-556, December.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei).
If references are entirely missing, you can add them using this form.