Eric von Hippel
- Published in print:
- 2016
- Published Online:
- September 2017
- ISBN:
- 9780262035217
- eISBN:
- 9780262335461
- Item type:
- chapter
- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262035217.003.0004
- Subject:
- Business and Management, Innovation
This chapter shows that there are basic differences in the types of innovations developed, and in the timing of innovations developed, within the two paradigms. This is because the incentives and ...
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This chapter shows that there are basic differences in the types of innovations developed, and in the timing of innovations developed, within the two paradigms. This is because the incentives and behaviors of innovators acting within each paradigm fundamentally differ, thus innovation outcomes also systematically differ. Free innovators, being self-rewarding, are free to follow their own interests. Unlike producers, they need not work only on projects they expect the market to reward. They therefore generally pioneer functionally new applications and markets prior to producers understanding the opportunity. Producer innovators generally enter later, after the nature and the commercial potential of markets have become clear.Less
This chapter shows that there are basic differences in the types of innovations developed, and in the timing of innovations developed, within the two paradigms. This is because the incentives and behaviors of innovators acting within each paradigm fundamentally differ, thus innovation outcomes also systematically differ. Free innovators, being self-rewarding, are free to follow their own interests. Unlike producers, they need not work only on projects they expect the market to reward. They therefore generally pioneer functionally new applications and markets prior to producers understanding the opportunity. Producer innovators generally enter later, after the nature and the commercial potential of markets have become clear.
Peder Inge Furseth and Richard Cuthbertson
- Published in print:
- 2016
- Published Online:
- March 2016
- ISBN:
- 9780198705116
- eISBN:
- 9780191774218
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198705116.003.0002
- Subject:
- Business and Management, Innovation
Chapter 2 explains the new model that is the foundation of the book’s distinctive contribution, the Service Innovation Triangle (SIT). SIT consists of nine components: value, business model, customer ...
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Chapter 2 explains the new model that is the foundation of the book’s distinctive contribution, the Service Innovation Triangle (SIT). SIT consists of nine components: value, business model, customer experiences, Service System, technology, people, financial assets, tangible assets and intangible assets. This model is different to conventional approaches to service innovation management in three respects. First, the model links innovation capacity, to management ability, to value creation. Secondly, the model takes account of the fact that value must be created for all the parties involved: customers, owners and suppliers. Finally, the model recognizes that innovation in reality can start anywhere, while most academic authors start with the value proposition.Less
Chapter 2 explains the new model that is the foundation of the book’s distinctive contribution, the Service Innovation Triangle (SIT). SIT consists of nine components: value, business model, customer experiences, Service System, technology, people, financial assets, tangible assets and intangible assets. This model is different to conventional approaches to service innovation management in three respects. First, the model links innovation capacity, to management ability, to value creation. Secondly, the model takes account of the fact that value must be created for all the parties involved: customers, owners and suppliers. Finally, the model recognizes that innovation in reality can start anywhere, while most academic authors start with the value proposition.
