Technological possibilities – social realities
Keywords:
innovation, institutions, research and development, technological changeAbstract
In our study we investigate the innovation process that links technological possibilities to the actual real life innovation. We study the properties of the process, and shed light on the ones that can distort it and/or slow it down. We set up a model called the innovation shell that includes all the potential forces/influencers. The shell consists of three layers. The inner layer is called the corporate core, which includes the ownership interests, the managerial motivations, the corporate culture, and structure, and people. The second layer is the innovation ecosystem made up of the research and financial infrastructure, and the regulating institutions. Finally the third layer includes the values of customers and stakeholders.
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