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Introduction to Part IV: What Is Innovation?

In: The Corporate Energy Strategist’s Handbook

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  • Jimmy Y. Jia

    (George Washington University)

Abstract

The energy sector is experiencing a rapid growth in innovations, both directly and indirectly. Innovation in general can be divided into three broad regimes. Micro-innovations are process improvements that squeeze out efficiencies from existing methods. They are rules based and function as routines. Meso-innovations emerge from combining the rules of different methods to redefine the system boundaries and create new frames of reference. Revolutionary ideas usually begin as the innocent merging of two seemingly disparate ideas. Macro-innovations scale adoption of the new frame of reference to society at large, creating new relationships between suppliers and buyers. This process includes creating new boundaries or barriers to market entry. Each innovation method is appropriate under different circumstances. Part IV explores the multiple facets of innovation in four chapters.

Suggested Citation

  • Jimmy Y. Jia, 2020. "Introduction to Part IV: What Is Innovation?," Springer Books, in: The Corporate Energy Strategist’s Handbook, chapter 16, pages 173-175, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-36838-8_16
    DOI: 10.1007/978-3-030-36838-8_16
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