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A Theory Of Innovation And Case Study

  • NAM P. SUH

    ()

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

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    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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    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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