Abstract
Innovation consumes information, transforms it, and produces a new product or process in a form that can be regarded as information bearing.Gibbons and Johnston (1974), for instance, define innovation as a set of problems a firm must solve. In order to solve these problems, innovators must learn where information is to be obtained and how to use that information to solve the problem at hand. Then, they must have additional information from either external sources or from memory in order to develop possible solutions to their problem. Allen (1983) also notes that engineers must first have information in order to understand and formulate the problem confronting them. More relevant for innovations than the availability of information in general is the availability of knowledge—information learned through experience (Grillinches 1990; Feldman 1994).
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Echeverri-Carroll, E.L., Brennan, W. (1999). Are Innovation Networks Bounded by Proximity?. In: Fischer, M.M., Suarez-Villa, L., Steiner, M. (eds) Innovation, Networks and Localities. Advances in Spatial Science. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-58524-1_3
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DOI: https://doi.org/10.1007/978-3-642-58524-1_3
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