R&D failure and second generation R&D: New potentialities

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dc.contributor.author Callaghan, CW
dc.date.accessioned 2018-08-07T07:16:07Z
dc.date.available 2018-08-07T07:16:07Z
dc.date.issued 2014
dc.identifier.citation Callaghan, C. W. (2014). R&D failure and second generation R&D: New potentialities. Mediterranean Journal of Social Sciences, 5(3), 11-24 en_ZA
dc.identifier.issn 2039-2117
dc.identifier.uri https://hdl.handle.net/10539/25245
dc.description.abstract Ample incentives exist for firms to pursue product, service, or process innovations to increase their profitability. In contrast, few incentives exist for firms to pursue innovations that provide social externalities if these are not inherently profitable. This article provides an argument that first generation research and development (R&D), or R&D that does not utilise economies of scale (as second generation R&D does), cannot effectively provide societal innovation that is not incentivised by market forces. An example of an alternative model for global societal problem solving, based on second generation R&D, is offered. en_ZA
dc.language.iso en en_ZA
dc.rights Copyright © MCSER-Mediterranean Center of Social and Educational Research en_ZA
dc.subject Social Innovation en_ZA
dc.subject Crowdsourcing en_ZA
dc.subject Radical Innovation en_ZA
dc.subject Process Innovation en_ZA
dc.subject Open Innovation en_ZA
dc.title R&D failure and second generation R&D: New potentialities en_ZA
dc.type Article en_ZA
dc.journal.volume Vol 5 en_ZA
dc.journal.title Mediterranean Journal of Social Sciences en_ZA
dc.description.librarian KIM2018 en_ZA
dc.citation.doi 10.5901/mjss.2014.v5n3p11 en_ZA
dc.citation.epage 24 en_ZA
dc.citation.issue 3 en_ZA
dc.citation.spage 11 en_ZA


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