Article: Views of innovation measurement: taking 'official policy' reports at face value can be dangerous, even if the results and trends reported appear to be superficially logical.(MANAGEMENT)

Innovation is the process of making something new or unique, or dramatically improving upon an existing product, process, or paradigm. In the high-technology arena, innovation is measured through the creation of knowledge and intellectual property (IP). These abstract concepts are further quantified through objective measurements of the number of patent applications, peer-reviewed technical journal articles, high-tech exports, licensing and technology transfers, and the development of entrepreneurial capabilities.

In the government arena, the measurement of innovation is modified through comparisons among leaders, followers, trailers, and those catching up, through a ...

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