January 4, 2017
Similar papers 2
July 19, 2016
Innovation is to organizations what evolution is to organisms: it is how organisations adapt to changes in the environment and improve. Governments, institutions and firms that innovate are more likely to prosper and stand the test of time; those that fail to do so fall behind their competitors and succumb to market and environmental change. Yet despite steady advances in our understanding of evolution, what drives innovation remains elusive. On the one hand, organizations in...
July 25, 2023
The recently introduced Theory of the Adjacent Possible (TAP) is a model of combinatorial innovation aiming to explain the "hockey-stick" upward trend of human technological evolution, where an explosion in the number of produced items with increasing complexity suddenly occurs. In addition, the TAP model was also used to explain the rapidly emerging biological complexity. Inspired by TAP here we propose a reaction-diffusion system aiming to extend the model in both space and...
August 1, 2022
The notion of the "adjacent possible" has been advanced to theorize the generation of novelty across many different research domains. This study is an attempt to examine in what way the notion can be made empirically useful for innovation studies. A theoretical framework is construed based on the notion of innovation a search process of recombining knowledge to discover the "adjacent possible". The framework makes testable predictions about the rate of innovation, the distrib...
April 16, 2016
In this paper we have proposed a basic agent-based model based on evolutionary dynamics for investigating innovation initiation process. In our model we suppose each agent will represent a firm which is interacting with other firms through a given network structure. We consider a two-hit process for presenting a potentially successful innovation in this model and therefore at each time step each firm can be in on of three different stages which are respectively, Ordinary, Inn...
April 5, 2023
In this work, we introduce an extremely general model for a collection of innovation processes in order to model and analyze the interaction among them. We provide theoretical results, analytically proven, and we show how the proposed model fits the behaviors observed in some real data sets (from Reddit and Gutenberg). It is worth mentioning that the given applications are only examples of the potentialities of the proposed model and related results: due to its abstractness a...
February 10, 2017
Innovation is a key ingredient for the evolution of several systems, including social and biological ones. Focused investigations and lateral thinking may lead to innovation, as well as serendipity and other random discovery processes. Some individuals are talented at proposing innovation (say innovators), while others at deeply exploring proposed novelties, at getting further insights on a theory, or at developing products, services, and so on (say developers). This separati...
June 13, 2007
A general theory of innovation and progress in human society is outlined, based on the combat between two opposite forces (conservatism/inertia and speculative herding "bubble" behavior). We contend that human affairs are characterized by ubiquitous ``bubbles'', which involve huge risks which would not otherwise be taken using standard cost/benefit analysis. Bubbles result from self-reinforcing positive feedbacks. This leads to explore uncharted territories and niches whose r...
May 25, 2022
Innovation is fundamental for development and provides a competitive advantage for societies. It is the process of creating more complex technologies, ideas, or protocols from existing ones. While innovation may be created by single agents (i.e. individuals or organisations), it is often a result of social interactions between agents exchanging and combining complementary expertise and perspectives. The structure of social networks impacts this knowledge exchange process. To ...
December 17, 2007
We develop a new framework for modeling innovation networks which evolve over time. The nodes in the network represent firms, whereas the directed links represent unilateral interactions between the firms. Both nodes and links evolve according to their own dynamics and on different time scales. The model assumes that firms produce knowledge based on the knowledge exchange with other firms, which involves both costs and benefits for the participating firms. In order to increas...
March 6, 2012
We introduce a complex systems perspective on innovation in networks in which innovation is conceptualized as a form of creative act associated with the dynamics and evolution of business network. We show how innovation is a form of creative act that involves the creation of new ideas and their exploitation, in which new ideas come from combining and recombining existing ideas in new ways that have value. We stress the need to move away from traditional linear, comparative st...