Sources of inspiration matter to business innovation outcomes
A summary of “Sources of innovation and innovation type: firm-level evidence from the United States,” by Mehmet Afik Demircioglu, David B. Audretsch, and Timothy F. Slaper. Published in Industrial and Corporate Change, 2019, 1-15, https://doi.org/10.1093/icc/dtz010. This brief was published on June 29, 2020.
Key Takeaways
- Businesses tap different sources of knowledge and creativity to drive their innovation activities. Different innovation outcomes are associated with different sources of knowledge.
- Customers, workers, and universities are sources of knowledge positively associated with all types of innovation activity.
- Universities had the statistically strongest effect, suggesting that they are critical to innovation.
Authors: Kristen Devlin and Stephan J. Goetz
Publication: NERCRD Innovation Issues Brief Series Date Published: June 29, 2020