Innovation Ecosystems

Martin Fransman presents a new approach to understanding how innovation happens who makes it happen and the helps and hindrances. Looking at innovation in real-time under uncertainty he develops the idea of an ''innovation ecosystem'' i.e. a system of interrelated players and processes that jointly make innovation happen. Examples include: how companies like Amazon Google Facebook Apple AT&T and Huawei interact in the ICT Ecosystem; four innovations that changed the world - the transistor microprocessor optical fibre and the laser; the causes of the telecoms boom and bust of the early 1990s that influenced the Great Recession from 2007; and the usefulness of the idea of innovation ecosystems for Chinese policy makers. By delving into the complex determinants of innovation this book provides a deeper more rigorous understanding of how it happens. It will appeal to economists social scientists business people policy makers and anyone interested in innovation and entrepreneurship.