What Is Innovation and Where Does It Come from?

Shan Rajegopal

Chapter Chapter 1 in Portfolio Management, 2013, pp 5-14 from Palgrave Macmillan

Abstract: Abstract Over the last decade, there has been an increased focus on innovation in many businesses. Several factors have contributed to this increased attention: The increased rate of change in competition, especially the growing capabilities of India and China. The fall of information costs as the web becomes more fully adopted, and consumers are demanding more. Greater focus on cost-cutting with a spike in outsources/near source/far source. Most of the things that could be cut, trimmed, or outsourced have been done. Many businesses are relatively lean and need to return to growth and differentiation. All of these factors contribute to the need for innovation. However, there are ongoing trends that will continue to increase innovation focus now and in the future. These can include, for example, focus on global warming, reduction in carbon footprints, and poverty eradication – all of these mean new technologies are required to reduce emissions and genetically modify the food supply, among others. Another example is in the United Kingdom, where health care reform will mean new demands on an antiquated health care system. The banking sector is already undergoing change and disruption.

Keywords: Business Model; Portfolio Management; Business Success; Senior Executive; Business Model Innovation (search for similar items in EconPapers)
Date: 2013
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-02334-6_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137023346

DOI: 10.1057/9781137023346_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().