Companies
increasingly open up towards external sources to inspire and frame innovation.
We find that technology as a driver of innovation loses importance in favor of
culture, e.g. where lifestyle aspects dominate over the technological features
in a product’s appearance. Lifestyles and other socio-cultural developments and
trends often emerge at the fringes of society in communities and sub-cultures
like avant garde circles of artists.
Detecting and translating upcoming socio-cultural developments as a source for
innovation is difficult because this belongs to so-called tacit knowledge -
knowledge that is hard to grasp and cannot simply be written down. Therefore,
intermediaries play a significant role for companies to make use of
socio-cultural resources in their early innovation process (the front end of
innovation), gaining competitive advantage in increasingly dynamic market
environments.
Culture's meaning as a source for innovation is growing: Users increasingly turn towards products with symbolic value, fed by socio-cultural developments and trends. I want to understand how firms absorb these socio-cultural sources as substantive use in product development.
Showing posts with label absorption. Show all posts
Showing posts with label absorption. Show all posts
Wednesday, November 28, 2012
Friday, March 23, 2012
I found this presentation about creative youth and product "hacking" very interesting:
Absorbing knowledge from creative youth
View more PowerPoint from Ian McCarthy
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