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

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dc.citation.doi10.5901/mjss.2014.v5n3p11en_ZA
dc.citation.epage24en_ZA
dc.citation.issue3en_ZA
dc.citation.spage11en_ZA
dc.contributor.authorCallaghan, CW
dc.date.accessioned2018-08-07T07:16:07Z
dc.date.available2018-08-07T07:16:07Z
dc.date.issued2014
dc.description.abstractAmple 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.description.librarianKIM2018en_ZA
dc.identifier.citationCallaghan, C. W. (2014). R&D failure and second generation R&D: New potentialities. Mediterranean Journal of Social Sciences, 5(3), 11-24en_ZA
dc.identifier.issn2039-2117
dc.identifier.urihttps://hdl.handle.net/10539/25245
dc.journal.titleMediterranean Journal of Social Sciencesen_ZA
dc.journal.volumeVol 5en_ZA
dc.language.isoenen_ZA
dc.rightsCopyright © MCSER-Mediterranean Center of Social and Educational Researchen_ZA
dc.subjectSocial Innovationen_ZA
dc.subjectCrowdsourcingen_ZA
dc.subjectRadical Innovationen_ZA
dc.subjectProcess Innovationen_ZA
dc.subjectOpen Innovationen_ZA
dc.titleR&D failure and second generation R&D: New potentialitiesen_ZA
dc.typeArticleen_ZA
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