Innovation Ecosystem

425 views
403 views

Published on

Innovation described using ecosystem metaphor

Published in: Business, Education
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
425
On SlideShare
0
From Embeds
0
Number of Embeds
8
Actions
Shares
0
Downloads
20
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

Innovation Ecosystem

  1. 1. Innovation Life Cycle<br />Portrayed as an Ecosystem<br />Karl Duffill, LUMS<br />
  2. 2. Atmosphere: Surrounding conditions<br />Resource Pool: Continually replenished supply of resources. Also represents risks.<br />Society and Government:<br />Foundation and bedrock of innovative development<br />
  3. 3. Economy: Provides resources to resource pool and foundation. N.b. is only as good as what it gets back from the cycle (evaporation)<br />
  4. 4. Entrepreneurial Roots: Set in the foundation of society. They feed on available resources and are networked. They simultaneously support and are supported by government and society.<br />
  5. 5. Entrepreneurial Talent and Goals: Supports entrepreneurial ambition and reaches out toward consumers. Provides the infrastructure for innovation to occur.<br />
  6. 6. Entrepreneurial Reach: Out of the infrastructure and support networks, entrepreneurial activity spawns outward towards consumers<br />Innovative Fruits: The product of aforementioned entrepreneurial activity is innovative offerings to society. Can be in the form of product or processes.<br />
  7. 7. Consumers:Innovative products and processes are ultimately chosen by consumers. They judge the relative success or failure of such: and carry the seedlings from one site to another, promoting diffusion.<br />
  8. 8. Evaporation:Resources filter back into the economy through sales, taxes and spillage.<br />
  9. 9. Driving Force:The biggest driving force to this entire system is human desire to continually improve and innovate upon past success.<br />

×