Impactful Innovation: Symbol of a New Era, But Not the One We Think

L’innovation à impact: symbole d’une nouvelle ère, mais pas celle que l’on pense

Thierry Rayna
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Thierry Rayna: CRG I3 - Centre de recherche en gestion I3 - X - École polytechnique - IP Paris - Institut Polytechnique de Paris - I3 - Institut interdisciplinaire de l’innovation - CNRS - Centre National de la Recherche Scientifique

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Abstract: Examining the recent and late emergence of the concept of "impactful innovation", which appears tautological (innovation implies adoption, which implies impact) and is linked to environmental and social issues that have existed for decades, and noting the appearance of multiple forms of innovation (open, participatory, user-driven, etc.) that appear to contradict the dominant paradigm of innovation as primarily carried out by large companies, this article posits that the concept of "impact innovation" is a sign of a radical transformation of the innovation paradigm, as well as of the underlying economic system. Driven by digitalization, two concurrent phenomena – prosumerisation and platformization, have fostered a new era in which social capital rather than financial capital has become the key resource, and innovation, now collective and distributed, involves multiple stakeholders, many of whom are not motivated by financial considerations, but by impact instead, making "impactful innovation" an absolute necessity.

Keywords: Digitalization; Economic System; Impactful Innovation; Prosumption; Innovation à impact; Plateformisation; Prosommation; Numérisation; Régime économique (search for similar items in EconPapers)
Date: 2024-10-11
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Published in Innovations - Revue d’économie et de management de l'innovation, 2024, N° 75 (3), pp.155-183. ⟨10.3917/inno.075.0155⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05084678

DOI: 10.3917/inno.075.0155

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