What is Innovation Process

Is a complex social and technical process that transforms ideas and technologies into new or improved products or services.

Emergence of endogenous capacities and by networks between the entrepreneurs, as well as between the entrepreneurs and local institutions.

Is the activities that an organization need to pursue to convert an innovative idea into a valuable product/service.

Is the set of activities from problem identification to solution recognition, formulation, and market launch.

The sequence of activities necessary to turn a product idea, a process, or system into something of value on the end user market.

Starts with an initiation phase through which the individuals or decision-making units move from identifying and understanding the innovation, to forming an attitude toward that innovation. This subsequently leads to the decision to accept or reject it. The awareness stage is an agenda setting stage. The attitude formation stage is the matchmaking stage in which the executive sponsor attempts to match the attributes of the innovation to the requirement. The accept-reject decision terminates the initiation phase. An accept decision continues the innovation process toward the implementation phase, which consists of the pre-production, production, post-production, and confirmation stages.

The innovation process needs inputs such as R&D, specialized human resources, or technical equipment, and produces some outputs, such as new or significantly improved products.

starts with an initiation phase through which the individuals or decision-making units move from identifying and understanding the innovation, to forming an attitude toward that innovation. This subsequently leads to the decision to accept or reject it. The awareness stage is an agenda setting stage. The attitude formation stage is the matchmaking stage in which the executive sponsor attempts to match the attributes of the innovation to the requirement. The accept-reject decision terminates the initiation phase. An accept decision continues the innovation process toward the implementation phase, which consists of the pre-production, production, post-production, and confirmation stages.

The LOB-led IT innovation process was similar to any IT innovation process. Three phases were prominent in the data analysis. They were, initiation, implementation and management.