What Makes Up Your Innovation Capital?

Innovation capital is the sum of resources, processes, knowledge, and capabilities that promote development and change required for achieving innovation outcomes. These capitals build upon the organization's capabilities of sensing, seizing, and transforming to drive new business towards success. Intellectual capitals, including human assets and organizational structures, make up the eco-system that transforms knowledge into new economic value, leading to commercialization. Understanding and valuing innovation capital can differentiate those that are static and those that are constantly evolving, yielding lasting and sustaining values. Leveraging the mix of innovation activity that it consists of is critical for driving future growth and sustaining business performance.