The innovation jargon has expanded exponentially with colourful analogies ranging from innovation corridors, clusters, poles, and valleys, to “disruptive” , ‘radical’and ‘incremental’ innovations
Everywhere innovation has become a buzzword: in academic journals, popular media, corporate promotional materials and government strategies. The use of the word has rapidly expanded from a noun to its various hyphenated transmutations. Thus, today we don’t only talk of the importance of innovation to societies, but often the importance of specific types of innovation too, such as green innovation, social innovation, open-innovation. The innovation jargon has expanded exponentially with colourful analogies ranging from innovation corridors, clusters, poles, and valleys, to “disruptive” , ‘radical’and ‘incremental’ innovations.
[This article is republished courtesy of INSEAD Knowledge, the portal to the latest business insights and views of The Business School of the World. Copyright INSEAD 2024]