Innovation, Industrial-ecosystem, and Business models

Abstract

Innovation is not the same as "improvement", nor "invention". Innovation is to introduce, set up, and finally establish a new value in the Society, replacing old values. That is why for big established business companies see the innovation as troublesome, but cannot help facing it. This essay introduces and discusses the five points required to business companies when they to try to make an innovation plan which could be with the company's initiative. The points include evaluation the next industrial-ecosystem, business models, and intellectual property management.