Focusing on innovation models, this book explores their significance in the business landscape. It examines various sources of innovation and demonstrates how to implement business frameworks through real-world examples of successful innovation-driven companies. Readers will gain insights into practical applications that can enhance their understanding of fostering innovation within their own organizations.
This book provides an understanding of innovation models and why they are important in the business context, considers sources of innovation, and how to apply business frameworks using real world examples of innovation-led businesses. After providing a solid background to the key concepts related to innovation models, the book looks at why innovation takes place and where the sources of innovation lie, from corporate research to crowd-sourced and government-funded initiatives. Innovation models across manufacturing, services and government are explored, as well as measuring innovation, and the impact of design thinking and lean enterprise principles on innovation and sustainability-driven imperatives. Offering a truly comprehensive and global approach, Business Innovation should be core or recommended reading for advanced undergraduate, postgraduate, MBA and Executive Education students studying Innovation Management, Strategic Management and Entrepreneurship.