ABSTRACT
If we look at the technological possibilities offered by breakthrough results in computer sciences, materials sciences or biotechnology, we expect robust changes to take place in our everyday life in the near future. According to the expectations, these changes should reshape our society and economy in a major way. The possibilities offered by the breakthrough results, however, may only affect our lives if they are put to practical use. In our study, we investigate the characteristics of the innovation process that creates the bridge between technological/theoretical possibilities, and practical innovations. We detect the main influencing factors that form the so called innovation shell. The innovation shell has three components: the corporate core (made up of ownership interests, managerial motivations, corporate culture and structure, and people); the innovation ecosystem (made up of research and financial infrastructure, and regulating institutions); and finally the values of customers and stakeholders. Some of these factors create barriers others create incentives for innovation. In this study, we focus on the former ones.
