In an article on the Scotsman.com, Michael Lewrick, a PhD student at Napier Univeristy in Edinburgh, said: "The most important factors for innovation and success shows that the essential elements required to achieve this are an active knowledge of the business, a distinctive network between companies, universities and research facilities as well as the ability to obtain resources at short notice."
While the findings are not revolutionary, they do reinforce basic prinicples and underscores the need for businesses to become part of an innovation ecosystem that extends beyond its four walls. It also highlights the challenge that traditional resource allocation systems in large organizations can present to innovation. The process is too often lengthy and cumbersome making it difficult to seize an opportunity quickly.
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