Innovation, risk and reward: Towards a holistic model of innovation

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We propose a new strategic innovation model based on the risk/reward relationship, which allows to develop a complete, consistent and coherent theoretical framework that unifies different perspectives on innovation: its relationship with competitive strategy, the role of the different types and agents of innovation, the role of disruptive technologies in economic growth; and the need for specific policies to build competitive innovation nations. At the public policy level, states should ensure institutional frameworks and initiatives that encourage the emergence of “blue” innovation. At the corporate level, companies should balance their mix of resources to guarantee portfolio of projects, beyond those that are exclusively aimed at maintaining competitiveness in the conventional “red oceans”.

Idioma originalAnglès
Pàgines (de-a)1-10
Nombre de pàgines10
RevistaIEEE Engineering Management Review
Estat de la publicacióAcceptada/en premsa - 2023


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