Asalam-o-Alaikum Dear Friends, In this post I am going to post lecture no.4 Innovation Network of Subject Tools for Innovation Management, which is provided by Mam, Iffat naqvi. Here I am writing some basic concept and for detail you have to download the full ppt file given below.
Innovation Network
Innovation is occurring everywhere means around the globe throught creation of communities and creating networking either social or task networking but it creates a lots of network for innovation and bring up those innovation in the market place. Basically Networks are created for innovation.Task Network
Task Network involves the exchange of related or specific job-related task resources including information, expertises, advice, skill, political access, and material resources.Social Network
Social Network involves the relationship characterized by the higher level of closenes and trust than those who are exclusively task related. They usually consist of people who share a common background or interest.Since people have more leeway in choosing their friends than their co-workers, these networks tends to be less closely determined by formal organizational arrangement and work assignment.
Social Network however play a critical role in mobilizing resource, transmitting information and providing peer coaching.
Networks made up of nodes (vertices) and links(ties,edges).
Nodes are actors,agent or object like people, organization,agencies, documents etc..
Links are the relationship that connects the nodes.
Regional innovation cluster are geographically concentrated but also ties to distant actors.
We’re drowning in knowledge spaghetti. Something like 1,500 billion dollars is spent every year on R&D around the world. This means that no matter what we do ourselves, we are barely scratching the surface of what is actually happening outside the organization, in all kinds of adjacent and potentially related areas.
We have very good market and consumer knowledge for about 1 billion people - we know their needs, their behaviors, desires, etc. But there are 6 billion people who we don’t have any good understanding of, and these are members of the emerging markets, where we lack good connections and good knowledge; they are not part of our knowledge spaghetti, but to innovate in the future, they need to be.
Why do we need to creates Networks:
Collective efficiency:Access to resources through shared exchange process
Cluster Model e.g. Italy, Spain
Collective learning:
Learning networks
Collective risk taking:
Pre-competitive consortia, High-risk R&D
Interactions of different knowledge sets.
How Networks are Configured:
Size – actors, linksDiversity – the number of types of actors and types of linkages
Stability – the degree to which a network change over time
Centrality – well connecteness of individual
Openness – how many links it has with external actors
Types of Innovation Networks:
Entreprenuer BasedSpatial Cluster
Internal Project Team
Communities of Practices
What are the Network Issues for Innovation:
If you have more connections, then it means you have more and better flow of network of inforamtion, advice, skill etc..However, Conections are expensive to maintain so manage a network involves trading off the cost of building links against performance.
Most Network analysis focus on structure rather than quality of tie.
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