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  • 标题:R&D Failure and Second Generation R&D: New Potentialities
  • 本地全文:下载
  • 作者:Chris William Callaghan
  • 期刊名称:Mediterranean Journal of Social Sciences
  • 电子版ISSN:2039-2117
  • 出版年度:2014
  • 卷号:5
  • 期号:3
  • 页码:11-24
  • DOI:10.5901/mjss.2014.v5n3p11
  • 出版社:Mediterranean Center of Social and Educational Research (MCSER)
  • 摘要:Ample incentives exist for firms to pursue product, service, or process innovations to increase their profitability. In contrast, few incentives exist for firms to pursue innovations that provide social externalities if these are not inherently profitable. This article provides an argument that first generation research and development (R&D), or R&D that does not utilise economies of scale (as second generation R&D does), cannot effectively provide societal innovation that is not incentivised by market forces. An example of an alternative model for global societal problem solving, based on second generation R&D, is offered.
  • 关键词:Social Innovation; Crowdsourcing; Open Innovation; Process Innovation; Radical Innovation
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