used to be a linear trajectory from new knowledge to new product. Now
innovation is neither singular nor linear, but
systemic. It arises from
complex interactions between many individuals, organizations and their
operating environment. Firms which are successful in realizing the full
returns from their technologies and innovations are able to match their
technological developments with complementary expertise in other areas
of their business, such as manufacturing, distribution, human resources,
Innovation is not divisible –
‘good in parts’ is no good at all.
Innovation systems are only as strong as their weakest links.
Balanced Business System