|
| |
Innovation capital is a category of intellectual capital that includes anything that helps an organization to innovate beyond the talent of its employees. In other words, where innovation is mostly based on the creative ability of employees, there are types of intangible assets that can help. The following are common examples of innovation capital.BrandLaunching an innovation under a strong brand can be a significant advantage as it may dramatically increase adoption.Trade SecretsCompetitive advantages that are defended using secrecy. For example, a firm may have superior manufacturing processes that allows a new innovation to be manufactured cheaply at high quality.
KnowledgeDocumented knowledge that can be leveraged by innovation teams such as a guide to setting up a business experiment.DataData sets that can be used for experiments, validations or ideas.Intellectual PropertyLegal rights such as patents that prevent the competition from copying an innovation.|
Type | | Definition | Intangible assets that help an organization to innovate beyond the talent of its employees. | Related Concepts | |
Capital
This is the complete list of articles we have written about capital.
If you enjoyed this page, please consider bookmarking Simplicable.
A list of common types of capital.
A definition of capital goods with examples.
The definition of capital with examples.
A definition of structural capital with examples.
Assets that have no physical presence.
The 3 main types of intellectual capital.
The basic types of natural capital.
The definition of capital investment with examples.
The definition of social capital with examples.
A definition of cultural capital with examples.
A comprehensive list of innovation techniques.
The common types of latent demand.
The common types of innovation.
A definition of latent need with examples.
A definition of organizational resilience with examples.
The definition of design innovation with an example.
A guide to business innovation with examples.
The definition of the idea stage of innovation.
TrendingThe most popular articles on Simplicable in the past day.
Recent posts or updates on Simplicable.
Site Map
© 2010-2023 Simplicable. All Rights Reserved. Reproduction of materials found on this site, in any form, without explicit permission is prohibited.
View credits & copyrights or citation information for this page.
|
