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Methodology to Identify Opportunities for Development-Oriented Quality Innovation: Application in the Case of Least Developed Countries
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Author(s): Clovis Freire (United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), Thailand)
Copyright: 2014
Pages: 21
Source title:
Quality Innovation: Knowledge, Theory, and Practices
Source Author(s)/Editor(s): Latif Al-Hakim (University of Southern Queensland, Australia)and Chen Jin (Zhejiang University, China)
DOI: 10.4018/978-1-4666-4769-5.ch004
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Abstract
This chapter considers the broader developmental impact of quality innovation as a process that creates novelty that satisfies not only the short-term profit of firms but also the long-term developmental gains of the society at large. Development is associated with the production of an expanding range of more complex products, which ultimately are the result of innovation. In the context of development-oriented quality innovation, the question is how governments and business sector could foster the emergence of more complex products given existing productive capacities and the incentives created by domestic and global demand. This chapter presents a methodology to identify such opportunities for development-oriented quality innovation and illustrate its application in the context of the least developed countries.
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