ABSTRACT

This book provides an understanding of innovation models and why they are important in the business context, and considers sources of innovation and how to apply business frameworks using real-world examples of innovation-led businesses.

After providing a solid background to the key concepts related to innovation models, the book looks at why innovation takes place and where the sources of innovation lie, from corporate research to crowd-sourced and government-funded initiatives. Innovation models across manufacturing, services and government are explored, as well as measuring innovation, and the impact of design thinking and lean enterprise principles on innovation and sustainability-driven imperatives.

Offering a truly comprehensive and global approach, Business Innovation should be core or recommended reading for advanced undergraduate, postgraduate, MBA and Executive Education students studying Innovation Management, Strategic Management and Entrepreneurship.

part I|36 pages

“What” – Introduction to innovation

chapter 2|10 pages

Models of innovation

part II|9 pages

“Why” – Innovation imperatives

chapter 4|7 pages

Innovation

A key to business success

part III|11 pages

“Where” – Sources of innovation

chapter 5|9 pages

Sources of innovation

part IV|26 pages

“How” – Approach to advance innovation

part V|45 pages

Innovations in industry verticals

part VI|12 pages

Economics of innovation

chapter 10|10 pages

Measuring innovation

part VII|44 pages

Special topics on innovation

chapter 11|14 pages

Design thinking

chapter 12|14 pages

Lean enterprise and innovation

part VIII|132 pages

Case studies*

chapter |7 pages

Case 5: The Whirlpool Corporation in 2020

Whirlpool – A History of Sustained Innovation from Within