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The World Innovation Stock Exchange - shared value for individuals, business and society

Markopoulos, E; Vanharanta, H; (2015) The World Innovation Stock Exchange - shared value for individuals, business and society. Procedia Manufacturing , 3 pp. 595-602. 10.1016/j.promfg.2015.07.275. Green open access

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Abstract

Innovation appears to be the new buzzword of the global economy, but things are not that simple. The critical questions are: What is innovation? Innovation for whom? and for what? Who can judge what is innovative, what is not, and why? Likewise, it is hard to define who is an innovator and who is not. The value of innovation is determined by the acceptance and the return it has in the society. The socioeconomic impact of innovation was and remains one of the most important issues in its definition and evaluation. What the world expects from insights, ideas and innovations are not new profit-making methods but most of all products and services with clear added value for the people, the economy and society. What the world also expects today is that a world wide web for insights, ideas and innovations could help people, companies and societies to create new added value for sustainable growth. This all means that somehow the demand and supply of insights, ideas and innovations should meet continuously and effectively on the commercial markets. The World Innovation Stock Exchange Organization (Www.InnovationStockExchange.org) is a state-of-the-art knowledge and innovation management initiative based on the concepts and theories of democratic innovation through freedom of knowledge expression. In this paper, we describe in detail how this organization operates and what kinds of possibilities it creates for people, business and society. The shared added-value created through the marketplace gives continuity to business as well as societies, based on individual capacity, skills, capability, creativity, know-how, competence, as well as different individual initiatives.

Type: Article
Title: The World Innovation Stock Exchange - shared value for individuals, business and society
Location: Las Vegas, NV
Open access status: An open access version is available from UCL Discovery
DOI: 10.1016/j.promfg.2015.07.275
Publisher version: https://doi.org/10.1016/j.promfg.2015.07.275
Language: English
Additional information: © 2015 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Keywords: Innovation, Idea, Stock exchange, Shared value, Platform, Marketplace, Supply, Demand, Intellectual capital, Democratic, Initiative
UCL classification: UCL
UCL > Provost and Vice Provost Offices > UCL BEAMS
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science
UCL > Provost and Vice Provost Offices > UCL BEAMS > Faculty of Engineering Science > UCL School of Management
URI: https://discovery.ucl.ac.uk/id/eprint/10120768
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