Innovation and International Innovation Index

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Difference between Innovation and International Innovation Index

Innovation vs. International Innovation Index

Innovation can be defined simply as a "new idea, device or method". The International Innovation Index is a global index measuring the level of innovation of a country, produced jointly by The Boston Consulting Group (BCG), the National Association of Manufacturers (NAM), and The Manufacturing Institute (MI), the NAM's nonpartisan research affiliate.

Bloomberg L.P.

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City.

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Boston Consulting Group

The Boston Consulting Group (BCG) is an American multinational management consulting firm with 90 offices in 50 countries.

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Creative destruction

Creative destruction (German: schöpferische Zerstörung), sometimes known as Schumpeter's gale, is a concept in economics which since the 1950s has become most readily identified with the Austrian-American economist Joseph Schumpeter who derived it from the work of Karl Marx and popularized it as a theory of economic innovation and the business cycle.

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Creative problem-solving

Creative problem-solving is the mental process of searching for an original and previously unknown solution to a problem.

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Eco-innovation

Eco-innovation is the development of products and processes that contribute to sustainable development, applying the commercial application of knowledge to elicit direct or indirect ecological improvements.

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Economic growth

Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time.

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Emerging technologies

Emerging technologies are technologies that are perceived as capable of changing the status quo.

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Eric von Hippel

Eric von Hippel (born August 27, 1941) is an American economist and a professor at the MIT Sloan School of Management, specializing in the nature and economics of distributed and open innovation.

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Global Innovation Index

The Global Innovation Index (GII) is an annual ranking of countries by their capacity for, and success in, innovation.

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Hype cycle

The hype cycle is a branded graphical presentation developed and used by the American research, advisory and information technology firm Gartner, for representing the maturity, adoption and social application of specific technologies.

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Individual capital

Individual capital, the economic view of talent, comprises inalienable or personal traits of persons, tied to their bodies and available only through their own free will, such as skill, creativity, enterprise, courage, capacity for moral example, non-communicable wisdom, invention or empathy, non-transferable personal trust and leadership.

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Induced innovation

Induced innovation is a macroeconomic hypothesis first proposed in 1932 by John Hicks in his work The Theory of Wages.

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Information revolution

The term information revolution describes current economic, social and technological trends beyond the Industrial Revolution.

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Innovation economics

Innovation economics is a growing economic theory that emphasizes entrepreneurship and innovation.

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Knowledge economy

The knowledge economy is the use of knowledge (savoir, savoir-faire, savoir-être) to generate tangible and intangible values.

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List of emerging technologies

Emerging technologies are those technical innovations which represent progressive developments within a field for competitive advantage.

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National Association of Manufacturers

The National Association of Manufacturers (NAM) is an advocacy group headquartered in Washington, D.C., United States, with 10 additional offices across the country.

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Open innovation

Open innovation is a term used to promote an information age mindset toward innovation that runs counter to the secrecy and silo mentality of traditional corporate research labs.

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Patent

A patent is a set of exclusive rights granted by a sovereign state or intergovernmental organization to an inventor or assignee for a limited period of time in exchange for detailed public disclosure of an invention.

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Research and development

Research and development (R&D, R+D, or R'n'D), also known in Europe as research and technological development (RTD), refers to innovative activities undertaken by corporations or governments in developing new services or products, or improving existing services or products.

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Theories of technology

There are a number of theories attempting to address technology, which tend to be associated with the disciplines of science and technology studies (STS) and communication studies.

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Timeline of historic inventions

The timeline of historic inventions is a chronological list of particularly important or significant technological inventions and the people who created the inventions.

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Trans-cultural diffusion

In cultural anthropology and cultural geography, cultural diffusion, as conceptualized by Leo Frobenius in his 1897/98 publication Der westafrikanische Kulturkreis, is the spread of cultural items—such as ideas, styles, religions, technologies, languages—between individuals, whether within a single culture or from one culture to another.

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User innovation

User innovation refers to innovation by intermediate users (e.g. user firms) or consumer users (individual end-users or user communities), rather than by suppliers (producers or manufacturers).

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Value network

A value network is a business analysis perspective that describes social and technical resources within and between businesses.

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