The National System Of Innovation

Innovations form the main sources of competitive advantages and are always of significance for the growth of a company. Companies or organizations put their greater efforts in improving their performance by finding new ideas and knowledge on the best way of beating their competitors and therefore give satisfaction to their customers. There are various factors involved in the innovation design system which can be either internal or external.

Innovation is a word that draws attention, elicits excitement, and makes a company stand out. Innovation architecture can be described in the same manner, but it applies to ideas and products that already exist. Whenever a product is formulated or redesigned innovation is an important aspect. My interview took place with an employee of Wework, which is a company that has changed the atmosphere of how entrepreneurs meet and interact. My reflection will provide an overview of the company, what challenges I face with my current employer, and how I can foster an innovative culture within my own organization.

Wonglimpiyarat, Jarunee. (2005). In support of innovation management and Roger's Innovation Diffusion theory. Vol: 22 iss: 3 pg: 411 -422, Government information quarterly

The word ‘innovation’ is derived from Latin word ‘innovare’, which means “to change something to new”. In other words, we may say that ‘innovation’ means changing the regular way of doing things and involves doing the regular things in a novel way.

However, the process of innovation is closely linked to the understanding of innovation – whether it is an act of bringing changes or consequence of an action which represents changes. It is easily understandable that any particular action does not ensure the same outcome but may bring changes, and all changes are not considered innovation. So, it is imperative to develop a clear understanding of the concept for proposing a generalized process of innovation.

In this book the authors provide clearly defined methods and guidelines for creating and sustaining innovation strategies that best fit a specific company. The book covers a lot of topics about innovation from the management’s prospective. It starts from evaluation the innovation state of one company to how to design an innovation strategy while integrating /balancing innovations between technology and business model; it talks about how to manage innovation by fighting organizational antibodies (from bureaucracy to not-invented-here syndrome) and leverage technology to design innovation process; and finally it touches on how

New Zealand was ranked 18th in Global Innovation Index 2014 and 66th in efficiency ratio. This low ranking means we are not getting the results expected for increasing innovation compared to how much effort is being put in (Lanvin, 2014). For growth in science and technology through innovation to occur, there must be successful collaboration between universities, the Government and entrepreneurial driven business enterprises. Knowledge exchange must take place between these three parties to further increase the absorptive capacity of New Zealand in order to use technologies more effectively (Business Growth Agenda, 2014). In New Zealand, the Government inclines to focus its attention towards trying to increase GDP and thus economic growth (Business Growth Agenda, 2014), whereas self-driven entrepreneurs aim to achieve independence, control and stability (Boundless, 2014) and universities aim to provide research, training and education. Differences in their intentions, lack of understanding and/or collaboration can hinder the relationship between these three parties, leading to problems and difficulties in increasing innovation levels in New Zealand.

“Innovation is fostered by information gathered from new connections, from insights gained by journeys into other disciplines or places, from active, collegial networks and fluid, open boundaries. Innovation arises from ongoing circles of exchange, where information is not just accumulated or stored, but created. Knowledge is generated anew from connections that weren’t there before” ~Margret J Wheatley

A question was raised about who initiates the innovation – the government? It was also noted that the term innovation sounds

Developing cohesive innovation policies is one of the key challenges Brazil faces as the country strives to emerge in the global economy characterized by quick progresses because government decision may either encourage or hinder the Brazilian NIS .

After a thorough exploration of product system innovation and an in-depth examination of the cases, the authors came to the realization that innovation, no matter which type or how small it might be, pays. Society recognized and awarded both companies for their innovation and their sales soared with innovation.

Economists Christopher Freeman(born 1921) and Bengt-Åke Lundvall developed the National Innovation System (NIS) to explain the flow of technology and information which is key to the innovative process on the national level. According to innovation system theory, innovation and technology development are results of a complex set of relationships among people, enterprises, universities and government research

There are unique strengths that exist in Japan’s NSI, which policy has benefited in various ways. Japan already has a reputable past of successful innovation and economic comeback, so they are both historically well experienced and versed. Japan has rather high R&D, 3rd largest globally, and IPR production rates, some of the highest worldwide. Finance sectors and government heavily support big companies with policy aiming at involving university researchers to commercialize their discoveries, encouraging innovation in SMEs and promoting construction of regional innovation system. This can largely improve their national innovation capacity in the country, especially in some frontier science and technology initiatives behind the fields of life sciences. Citizens and workforces are well educated, one of the most educated populations in the developed world. In Japan, 42% of males and 32% of females attend college after completing high school. Thus, a large amount of people complete higher levels of study and enter into the field of science and engineering (OECD, 2011). The workforce is also very loyal and dedicated to their respective companies where there are strong inter-firm relations. Workers, especially males, can expect jobs for life, benefits, incentives, and in company transferals to try new roles

Engineering is an important component of the nation innovation system (King.R 2016).The aim of this report is innovation in a new engineering school that makes an impact in the present education marketplace based on reasonable opportunities for the unique engineering school. There are a lot of opportunities in innovation new engineering school such as student base, career base, Discipline areas, teaching facilities and Institutional structures. Based on fact-finding and future enhancement of education in engineering education we decided that teaching facilities is one of the most important opportunities to be illustrated in this report. According to this report, the solution we have achieved is to build up student practical skills and knowledge is more important than other skills because when we see the fact many students have enough theoretical knowledge but they don’t know how to implement it in the real world. By doing different types of the project outside university by students it led to gain more experience, knowledge and reputation for the University.

Based on the literature reviewed, the national system of innovation basically consists of three segments: universities, governments, and the businesses, with each segment interacting with the others, while at the same time playing their individual roles. The figure below is a simple illustration of how these three key players come to form the NIS. It is also important to note that NIS is a complex conglomerate of interacting independent parties that has to do with the ability to plan and integrate policies and institutions.