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Four Conceptual Perspectives of Innovation Components

  • University of Latvia

Research output: Chapter in Book/Report/Conference proceedingConference paperResearchpeer-review

7 Citations (Scopus)

Abstract

The study provides a detailed analysis of high impact to market innovations, without sorting whether these are innovations of low or high technological progress. The research base sample includes a detailed analysis of 58 consumer product innovations that reached a high market impact over the period 2014–2017, i.e. the consumers purchased them considerably more than other innovations. The study examines the components of these innovations in detail; they are also grouped into 4 basic groups. It is concluded in the study that the high impact to market innovations are made up of recurring 34 components. The study also concludes that the open innovation components only partly overlap with the innovation components that have been studied so far on the level of both micro and macro innovation eco-systems.

Original languageEnglish
Title of host publicationAdvances in Human Factors, Business Management and Leadership - Proceedings of the AHFE 2019 International Conference on Human Factors, Business Management and Society, and the AHFE International Conference on Human Factors in Management and Leadership
EditorsJussi Ilari Kantola, Salman Nazir
Place of PublicationCham
PublisherSpringer Nature Switzerland
Pages72-82
Number of pages11
Volume961
ISBN (Print)9783030201531
DOIs
Publication statusPublished - 2020

Publication series

NameAdvances in Intelligent Systems and Computing
Volume961
ISSN (Print)2194-5357
ISSN (Electronic)2194-5365

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

  1. SDG 8 - Decent Work and Economic Growth
    SDG 8 Decent Work and Economic Growth
  2. SDG 9 - Industry, Innovation, and Infrastructure
    SDG 9 Industry, Innovation, and Infrastructure

Keywords

  • High impact to market innovations
  • Innovation classification
  • Innovation components

OECD Field of Science

  • 5.2 Economics and Business

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