Sources of innovation

We can distinguish several sources of innovation:

  • internal research (R & D)
  • purchase of new knowledge in the form of patents, licenses, technical services, etc.
  • purchase of the so-called: material technology, the innovative devices and machines with improved technical parameters.
  • growing importance of technology
  • change in market structure or industry
  • unexpected technological breakthrough
  • changing demographical characteristics of customers
  • resource depletion
  • research performed in science and academic institutions
  • results of market research
  • rising competition from low cost producers
  • government funding for R&D activities

References

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