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date: 05 June 2020

Abstract and Keywords

This chapter examines business innovation processes as an ongoing set of activities comprising invention, development, and implementation. Invention implies the emergence of novel ideas of potential value. However, to realize this potential, ideas have to be developed, a process that requires both their instantiation in the form of prototypes and the creation of an infrastructure to generate value in use. In addition, the implementation of innovations (i.e., their widespread adoption) requires additional efforts. After the explication of these three elements of innovation processes, the complexities involved are highlighted. In particular, innovation processes do not progress in a neat, linear fashion from invention to development and implementation but instead are characterized by considerable shifts between these elements. The chapter concludes by highlighting implications for practice.

Keywords: invention, innovative process, entrepreneurship, intrapreneurship, complexity

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