Innovation is the change that outperforms the previous practice. To lead or sustain with innovations, managers need to concentrate heavily on the innovation network which requires deep understanding of the complexity of innovation.
Collaboration is an important source of innovation. Innovations are increasingly brought to the market by networks of firms, selected according to their comparative advantages, and operating in a coordinated manner.
When a technology goes through major transformation phase and yields a successful innovation then it becomes a great learning experience not only for the parent industry but for other industries as well. Big innovations are generally the outcome of inter and interdisciplinary networking among technological sectors along with combination of implicit and explicit knowledge.
Networking is required but network integration (networking of networks) is the key to success for complex innovation in today’s era where diverse technologies are available at its best. Social economic zone, technology corridor, free trade agreement and technology cluster are some of the ways to encourage organizational networking and cross functional innovations.
To win with innovation in a flat world we definitely need complex networking and crowd-sourcing
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