National Regional Approach to Innovation Essay Example | Topics and Well Written Essays - 1500 words

National Regional Approach to Innovation - Essay Example It's a very complex thing innovation it doesn't just need an innovative firm to singly do all the work but rather a full innovative firm, and a number of organizations and institutions need to be readily interacting with one another and these should also have many interdependencies to make innovations a success and a complete process. A matrix has been long designed which has been called the innovation matrix in the innovation matrix the key inspiration has been from the traditional manner of the input and output tables but the only different thing is that instead of this matrix making a precise measurement of the flows of intermediate products between countries this matrix makes a It has long been a debate between the theory scholars of innovation that there should be made a systems approach so as to get a better understanding of the dynamics of and that would be more realistic and would provide with more positive ways to make and guide policies than does the linear system of innovation that has long been used. Rosenberg and Kline gave the first initiations towards the systematic approach by putting forth their developed "chain-linked" model this model thus was broadened and deepened and is now what is commonly known as the NIS or the National innovations systems approach. A systematic view is what is presented when the national innovations systems approach is put to use. Various agents, actions and relationships along with interactions with each other on a daily and project based basis are what give rise to innovations. It is a belief of those who follow this system approach that the success of any innovation depends a lot on a long term relationship existing between the various components which would namely be the external organizations and institutions as well and the interaction between innovation organizations. It is also a belief that innovation success would depend on a proper flow of the interaction within the innovation organizations departments, between the colleagues and between the management and the workers, that is also very important. The institutional environment is also believed by the systematic National/ Regional Approach to Innovation 4 National/ Regional Approach to Innovation approach to strongly influence innovative activities and interactions between the innovative agents. REGIONAL INNOVATION SYSTEM