Chapter 2 Connecting Technical Capabilities with Societal Needs: The Power of Cyclic Interaction

Abstract

Innovation models should give insight into the success and failure of generating new business. Considering the high degree of complexity, it is proposed to view such models at different levels of abstraction. It is also proposed to make feedback an essential property of the process model. The result of this line of thinking is an integrated environment for the creation of new business. In this multi-layer environment, innovation is positioned as the interconnecting activity between the development of new technology and business, and the involved process model is represented by a circle of change.

Citation

Berkhout, G., van der Duin, P., Hartmann, D. and Ortt, R. (2007), "Chapter 2 Connecting Technical Capabilities with Societal Needs: The Power of Cyclic Interaction", Berkhout, G., Van Der Duin, P., Hartmann, D. and Ortt, R. (Ed.) The Cyclic Nature of Innovation: Connecting Hard Sciences with Soft Values (Advances in the Study of Entrepreneurship, Innovation and Economic Growth, Vol. 17), Emerald Group Publishing Limited, Leeds, pp. 25-48. https://doi.org/10.1016/S1048-4736(07)17002-8