EconPapers    
Economics at your fingertips  
 

Innovation

Terence Lee (), Lauren O’Mahony () and Pia Lebeck ()
Additional contact information
Terence Lee: Sheridan Institute of Higher Education
Lauren O’Mahony: Murdoch University
Pia Lebeck: Murdoch University

Chapter Chapter 3 in Creativity and Innovation, 2023, pp 49-83 from Springer

Abstract: Abstract The focus of this chapter is unpacking what is meant by the term ‘innovation’ and explaining how to optimise opportunities to innovate. As such, we explain the importance of culture, identify the main types of innovation, consider the significance of collaboration and teambuilding, and how to build a culture of innovation. The chapter draws on examples to demonstrate the importance of innovation when confronting a whole range of human issues, particularly the COVID-19 pandemic and climate change. The final section examines key factors that enable or inhibit innovation cultures, including physical and social spaces, incentives and creative constraints, and how to foster an environment that encourages risk-taking and experimentation.

Keywords: Innovation process; Teams and team environments; Disruption and crisis; Collaboration; COVID-19; Climate change (search for similar items in EconPapers)
Date: 2023
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:spr:sprchp:978-981-19-8880-6_3

Ordering information: This item can be ordered from
http://www.springer.com/9789811988806

DOI: 10.1007/978-981-19-8880-6_3

Access Statistics for this chapter

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

 
Page updated 2025-03-23
Handle: RePEc:spr:sprchp:978-981-19-8880-6_3