An innovation ontology for idea forecasting and measurement

Andrew N. Forde and Mark S. Fox

International Journal of Industrial and Systems Engineering, 2023, vol. 44, issue 2, 141-185

Abstract: Before managers are able to forecast the utility of an idea, there must be a common definition and basis for measuring the potential radicalness of an idea. In this paper, we introduce an ontology to represent an innovation and derive properties that can be used to define and measure an ideas potential to be classified as a radical or incremental innovation. Our proposed ontology captures the concepts of an incremental or radical innovation, and further concepts to support the grouping of innovations. We begin with an extensive review of the literature and identify the categories of innovation, from this group we apply competency questions that allow us to define properties that are the basis for valuing an ideas utility, and classifying an innovation.

Keywords: innovation management; ontology; semantic web; open innovation; radicalness; incrementalness; innovation properties; innovation categories; knightian uncertainty; classification; utility. (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijisen:v:44:y:2023:i:2:p:141-185

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