Defining Innovation Capital

Defining Innovation Capital

Innovation capital is the sum of all resources, processes, knowledge, and capabilities required for achieving successful innovation outcomes. Building both stocks and flows is necessary for sustained growth and value creation. The firm's resources and assets are key components of innovation capital, and it is the ability to integrate and rebuild them that builds innovation capital. One must appreciate what makes innovation dynamic to build a better future. Knowledge is a vital aspect of innovation capital, and innovation can be enhanced if knowledge is strengthened.

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More Innovation Resources:

How to implement an innovation sprint [Ultimate Guide]

Learn how to implement an innovation sprint with this ultimate guide. Understand the benefits of innovation sprints, its key features, and the steps to take to succeed.

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Proof of concept vs prototype vs MVP: Which is the best for innovation

Proof of concept, prototype, and minimum viable product are all essential in innovation. This article explains the differences and benefits of each, and when to use them.

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What Are the Types of Innovation?

This article discusses the five types of innovation, which include product, marketing, service, organizational, and business model innovation, and explains the importance of innovative thinking in businesses.

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