Attribute of fifth generation innovation | Examples |
---|---|
Innovation technologies | Multi‐agent simulations of new product uptake, visualisation and virtual world technologies, rapid prototyping |
Business networks | Consortia and joint venture formation, social and professional networks, „co-opetition‟ |
Multiple sources of ideas/novelty | Increasing importance of lead users and beta testing, marketing focus on bidirectional dialogue, rise of consumer co‐creation |
Role of brokers | Innovation marketplaces e.g. yet2.com, nine sigma, innocentive and commercial value of brokering e.g. Innovation Xchange |
Importance of flexible business models | Value realization through connecting assets and knowledge |
Generation | Description |
---|---|
1st: Supply push | Science → Technology → Applications by firms to market |
2nd: Market pull | Market demand → R&D → technology & manufacture → sales |
3rd: Coupling model | Science and technology → interactions between R&D, design, operations, marketing, etc (all within the firm) → Markets |
4th: Collaborative model | Science and technology → interactions between R&D, design, operations, marketing, etc (collaboration with customers, suppliers, research alliances) → Markets |
5th: Strategic, integrated & open | Systematic interactions with all sources of knowledge |