A THEORY OF INNOVATION AND CASE STUDY

Nam P. Suh ()
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Nam P. Suh: Korea Advanced Institute of Science and Technology, Daejeon, Korea

International Journal of Innovation Management (ijim), 2010, vol. 14, issue 05, 893-913

Abstract: Three laws of innovation are advanced as the necessary conditions for creating innovations hubs and innovations. The first law states that for innovation to occur, all the required steps of aninnovation continuummust be present. The second law states that an innovation hub can be nucleated if the initial size of the nucleate is larger than the critical size and if the activation energy barrier for nucleation can be overcome. Once the innovation hub is nucleated, heterogeneous nucleation of innovation can occur around the innovation hub. The third law states that for innovation to occur, the nucleation rate of innovation must be faster than the rate at which innovative talent and ideas can diffuse away from the region. This theoretical framework has been proposed as a means of formulating government policies for economic growth and innovation. A case study is presented.

Keywords: Theory of innovation; innovation continuum; innovation kinetics; diffusion of innovative ideas; laws of innovation (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1142/S1363919610002921

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