In recent years there has been considerable activity, by both business analysts and academics, aimed at developing new approaches to understanding contemporary innovation processes. This has resulted in the emergence of a large number of conceptual alternatives, with many overlapping features. It is the aim of this paper to outline and compare the most popular of these frameworks and to develop a model incorporating their important features. The integrated model should assist businesses examining their innovation processes by providing a single-point guide to key issues; it should also help public-sector policy makers understand key leverage points for improving the environment for innovation.
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