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Innovation

In: Business and Management Practices in Greece

Author

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  • Maria Kapsali

Abstract

Innovation was initially considered by traditional economic models as an exclusively internal organizational activity, where actors were coming together to fix prices, pool finance and set up their marketing strategies. However, recent research reveals how innovation actors align their production capabilities to manage their knowledge flows and broaden their knowledge bases and innovation repositories. Seen in this light, innovation is understood as a knowledge-intensive process.

Suggested Citation

  • Maria Kapsali, 2011. "Innovation," Palgrave Macmillan Books, in: Rea Prouska & Maria Kapsali (ed.), Business and Management Practices in Greece, chapter 5, pages 96-111, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30653-0_5
    DOI: 10.1057/9780230306530_5
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