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A Theory Of Innovation And Case Study

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  • NAM P. SUH

    ()
    (Korea Advanced Institute of Science and Technology, Daejeon, Korea)

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    Abstract

    Three laws of innovation are advanced as the necessary conditions for creating innovations hubs and innovations. The first law states that for innovation to occur, all the required steps of an innovation continuum must be present. The second law states that an innovation hub can be nucleated if the initial size of the nucleate is larger than the critical size and if the activation energy barrier for nucleation can be overcome. Once the innovation hub is nucleated, heterogeneous nucleation of innovation can occur around the innovation hub. The third law states that for innovation to occur, the nucleation rate of innovation must be faster than the rate at which innovative talent and ideas can diffuse away from the region. This theoretical framework has been proposed as a means of formulating government policies for economic growth and innovation. A case study is presented.

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    Bibliographic Info

    Article provided by World Scientific Publishing Co. Pte. Ltd. in its journal International Journal of Innovation Management.

    Volume (Year): 14 (2010)
    Issue (Month): 05 ()
    Pages: 893-913

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    Handle: RePEc:wsi:ijimxx:v:14:y:2010:i:05:p:893-913

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    Related research

    Keywords: Theory of innovation; innovation continuum; innovation kinetics; diffusion of innovative ideas; laws of innovation;

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    Cited by:
    1. Jukka Majava & Ville Isoherranen & Pekka Kess, 2013. "Business Collaboration Concepts and Implications for Companies," International Journal of Synergy and Research, ToKnowPress, vol. 2(1), pages 23-40.

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