Innovation and Change

The Role of Government in Promoting Innovation

Table of Contents

|Particulars |Page No. |
|Introduction |3 |
|Innovation and Change |3 |
|Origin of Innovation |3 |
|Types or Degrees of Innovation |4 |
|How to Promote Innovation |4 |
|Elements to Promote Innovation |6 |
|Competitive Advantage from Innovation |7 |
|Innovation: An Outcome of Supply and Demand |8 |
|Role of Government in Promoting Innovation |9 |
|Conclusions |11 |
|References |12 |

Introduction

The world is not constant. There is only one constant word is change. The world is changing very fast. Technological advancement has laid a platform for every organization operating in each and every industry a scope of change. There is always a place for improvement (Henry et al., 2002). It is