The question of the value of innovation is addressed in two ways, mainly in research work in economics under management: the first is retrospective and macroeconomic, that is to say, that we measure here. The unpredictability of the success of an innovation, which seems to be an acquired result of research, is an obvious obstacle to determining value. There are others innovation and design Singapore, particularly related to the intangible nature of the innovation process. In the box of novelty “in the creation”, worth formation process,

Intangible and innovation

It is only the first meaning that interests us here, since it forms the framework in which the relation to the immaterial is expressed, sometimes defined as a set of ” collectively available knowledge “In an innovation process, concepts and knowledge are mobilized to sometimes bring to the market new products and services, enrolled in adapted business models, and thus gain the support of the customer (this definition is “marketable”, but other conceptions of innovation could have been proposed). This result is achieved only at the end of an often disordered  innovation and design Singapore but voluntary sequence of cognitive and social activities, where actors and networks interact with organizations and their routines.

innovation and design Singapore

The innovation process consumes tangible resources and uses intangible inputs

Innovation is an activity, in every sense of the word (including that of work), that consumes (destroys) tangible resources, whose money and time are most obvious and which uses (usually without destroy) immaterial inputs such as knowledge, desires, and inter-individual relationships