Chapter

Dynamics and innovation

Graham Room

in The European challenge

Published by Policy Press

Published in print September 2005 | ISBN: 9781861347398
Published online March 2012 | e-ISBN: 9781447303787 | DOI: http://dx.doi.org/10.1332/policypress/9781861347398.003.0004
Dynamics and innovation

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This chapter explains the process of dynamic change that appears to characterise the new knowledge-based economy. It seeks to develop an electric conceptual model of innovation and transformation, distinguishing four stages in the process of innovation. It notes that these four stages are useful for analytical purposes — they also, however, suggest various elements in the innovation process that may need to be benchmarked and different points at which policy makers might intervene.

Keywords: knowledge-based economy; innovation; policy makers; transformation

Chapter.  6409 words.  Illustrated.

Subjects: Comparative and Historical Sociology

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