Innovation

Bernd X. Weis ()

Chapter 3 in From Idea to Innovation, 2015, pp 19-57 from Springer

Abstract: Abstract At the beginning there is always the idea—would not it be great if something would work as you want it to work, this way or that way? You ponder over this question, this problem you identified, you mentally circulate and rotate it in all directions, you view it from different perspectives, and you take into account additional aspects. Maybe, eventually there comes the thought, what a solution might look like—yes, it could work that way. And again, you start pondering over this idea, you mentally circulate and rotate it in all directions, you view it from different perspectives, you take into account yet more additional aspects, and you consider potential obstacles that may hinder further development. Eventually, if you are convinced that it could possibly work this way, then an invention is born.

Keywords: Open Innovation; Ambiguity Aversion; Hindsight Bias; Business Model Innovation; Life Cycle Model (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-3-642-54171-1_3

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