What Makes Up Your Innovation Capital?

What Makes Up Your Innovation Capital?

Innovation capital is the sum of resources, processes, knowledge, and capabilities that promote development and change required for achieving innovation outcomes. These capitals build upon the organization's capabilities of sensing, seizing, and transforming to drive new business towards success. Intellectual capitals, including human assets and organizational structures, make up the eco-system that transforms knowledge into new economic value, leading to commercialization. Understanding and valuing innovation capital can differentiate those that are static and those that are constantly evolving, yielding lasting and sustaining values. Leveraging the mix of innovation activity that it consists of is critical for driving future growth and sustaining business performance.

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More Innovation Resources:

Corporate Hackathons: There’s A Method Behind The Madness | Innov8rs

Learn about the success stories of corporate hackathons as two experts share their perspectives on using this innovative tool for new product development.

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Innovation Teams: How To Establish Yourself As A Key Function In Your Company

Innovation teams often struggle to survive within companies. Here are some strategies that can help them establish their importance.

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What are the new paradigms in innovation?

Innovation is changing rapidly and organizations struggle to keep up with new paradigms, compressed timelines and social product innovation. We need agile companies and dynamic capabilities to succeed.

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