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Innovation, Creativity, New Product Development Processes and the Role of Science Parks

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Abstract

The purpose of this chapter is to describe the role of science parks in the encouragement and stimulation of some critical business processes, including innovation management, creativity and new product/service development processes. The chapter further looks at the cooperation between higher education institutions and companies located in science parks, towards the facilitation of the transfer of knowledge, technology and people (researchers and managerial staff), as well as of the design, testing and launching of new products, the realisation of joint research activities and the commercialisation of university research ideas. It is argued that science parks in the future should integrate innovations into their management systems—such as Total Quality Management systems, the European model or the American model for Total Quality Management, the Deming management method and the Six Sigma—in order to deal with the changing needs of the knowledge economy.

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Author information

Authors and Affiliations

  1. University of the Peloponnese, Tripoli, Greece

    Thanos Kriemadis

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  1. Thanos Kriemadis
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Correspondence to Thanos Kriemadis .

Editor information

Editors and Affiliations

  1. School of Business, University of Nicosia, Nicosia, Cyprus

    Demetris Vrontis

  2. School of Business Administration, College of Management, Rishon Lezion, Israel

    Yaakov Weber

  3. School of Business, University of Nicosia, Nicosia, Cyprus

    Alkis Thrassou

  4. Ural Federal University, Yekaterinburg, Russia

    S. M. Riad Shams

  5. Department of Accounting and Finance, University of Applied Sciences Crete (T.E.I. of Crete), Heraklion, Crete, Greece

    Evangelos Tsoukatos

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Kriemadis, T. (2018). Innovation, Creativity, New Product Development Processes and the Role of Science Parks. In: Vrontis, D., Weber, Y., Thrassou, A., Shams, S., Tsoukatos, E. (eds) Innovation and Capacity Building. Palgrave Studies in Cross-disciplinary Business Research, In Association with EuroMed Academy of Business. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-90945-5_12

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