Definition of Resources for Innovation

✅  Related keywords: culture, skills, knowledge, assets

📖  What are Resources for Innovation?

The assets, skills, and knowledge utilized in the innovation process. For example, Google uses its flat, horizontal organizational culture to foster an organization where ideas come from everywhere. A threshold resource is a resource a firm needs to compete in a given industry, such as a technology patent. A unique resource gives a firm competitive advantage, such as the strong people culture at Nintendo.

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