Chapter 2 Flashcards
1
Q
What is innovation?
A
The practical implementation of an idea into a new device or process.
2
Q
What are the sources for innovation?
A
Inventors, users, firms, university, government, non provit organizations
3
Q
what are complementors?
A
Producers of complementary goods or services
4
Q
What is meant by tacit knowledge?
A
Knowledge that cannot be readily codified, documented or written
