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Three Internal and External Drivers of Innovation

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What are three internal and three external drivers of innovation? Explain these drivers.

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Solution Summary

The solution examines three internal and external drivers of innovation. The three drivers are explained.

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What are three internal and three external drivers of innovation? Explain these drivers.

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Internal Drivers of Innovation

1. Research and development activity
a. R&D activity tends to bread innovation, as the company works towards development new product or services as a part of their business, it will lead to innovation as a staple of the R&D work. Companies that are more engaged in R&D are more likely to be pushing forward with innovation.

2. Technical Talent Pool
a. Companies that employ technical workers, such as ...

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