Modeling the innovation ecosystem and development of a dynamic innovation index
The topic of innovation currently generates a tremendous amount of interest around the world. Innovation is considered an essential part of the solution to creating more jobs and improving the socio-economic conditions of many countries around the globe. Innovation comes about through the existence...
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ftucentralflordl:oai:ucf.digital.flvc.org:ucf_52537 2023-11-12T04:19:37+01:00 Modeling the innovation ecosystem and development of a dynamic innovation index Schoen, Henriette (Author) Karwowski, Waldemar (Committee Chair) Hoekstra, Robert (Committee Member) Shumaker, Randall (Committee Member) Akbas, Mustafa (Committee Member) University of Central Florida (Degree Grantor) http://purl.flvc.org/ucf/fd/CFE0007586 English eng University of Central Florida CFE0007586 ucf:52537 http://purl.flvc.org/ucf/fd/CFE0007586 public 2019-02-15 Innovation Ecosystem--Innovation--Dynamic Innovation Index--Simulation Model--System Dynamics--Entrepreneurship--Economic Development--Economic Indices Text ftucentralflordl 2023-10-24T16:33:33Z The topic of innovation currently generates a tremendous amount of interest around the world. Innovation is considered an essential part of the solution to creating more jobs and improving the socio-economic conditions of many countries around the globe. Innovation comes about through the existence of many interrelated solutions to socio-economic problems in an extensively interconnected network, which create value for each other. Such a complex creativity and innovation value-creating network is here called an Innovation Ecosystem (IE). The main objective of this dissertation research is to improve the current understanding of the IE by developing a simulation model that uses a broad set of relevant static and dynamic variables and incorporates the principles of system dynamics (SD). The proposed model, which is named the IECO-model is based on the relationships between 91 variables and the combined influences of the 43 parameters. Available data for 32 countries, representing a full span of GDP worldwide, was used to study the level of innovation in each of these countries. The result of the developed IECO-model is a novel ranking of the level of innovation through a dynamic innovation index, called the DII. The DII is a new tool to evaluate the innovation and entrepreneurship level of a given country in the context of the global economy. The most significant differentiator from other existing indices of innovation is that the DII is focusing more on the entrepreneurship qualities in 19 of the 43 parameters by looking at cultural values and belief systems, the social context, existing entrepreneurial culture, innovation attitudes, and mentality of each of the considered countries. According to DII-based ranking, the ten most innovative countries in the world are 1. Switzerland, 2. USA, 3. Finland, 4. Netherlands, 5. Iceland, 6. Sweden, 7. Germany, 8. Denmark, 9. The United Kingdom, and 10. Austria. 2018-08-01 Ph.D. Engineering and Computer Science, Industrial Engineering and Management Systems Doctoral ... Text Iceland UCF Digital Collections (University of Central Florida) |
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UCF Digital Collections (University of Central Florida) |
op_collection_id |
ftucentralflordl |
language |
English |
topic |
Innovation Ecosystem--Innovation--Dynamic Innovation Index--Simulation Model--System Dynamics--Entrepreneurship--Economic Development--Economic Indices |
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Innovation Ecosystem--Innovation--Dynamic Innovation Index--Simulation Model--System Dynamics--Entrepreneurship--Economic Development--Economic Indices Modeling the innovation ecosystem and development of a dynamic innovation index |
topic_facet |
Innovation Ecosystem--Innovation--Dynamic Innovation Index--Simulation Model--System Dynamics--Entrepreneurship--Economic Development--Economic Indices |
description |
The topic of innovation currently generates a tremendous amount of interest around the world. Innovation is considered an essential part of the solution to creating more jobs and improving the socio-economic conditions of many countries around the globe. Innovation comes about through the existence of many interrelated solutions to socio-economic problems in an extensively interconnected network, which create value for each other. Such a complex creativity and innovation value-creating network is here called an Innovation Ecosystem (IE). The main objective of this dissertation research is to improve the current understanding of the IE by developing a simulation model that uses a broad set of relevant static and dynamic variables and incorporates the principles of system dynamics (SD). The proposed model, which is named the IECO-model is based on the relationships between 91 variables and the combined influences of the 43 parameters. Available data for 32 countries, representing a full span of GDP worldwide, was used to study the level of innovation in each of these countries. The result of the developed IECO-model is a novel ranking of the level of innovation through a dynamic innovation index, called the DII. The DII is a new tool to evaluate the innovation and entrepreneurship level of a given country in the context of the global economy. The most significant differentiator from other existing indices of innovation is that the DII is focusing more on the entrepreneurship qualities in 19 of the 43 parameters by looking at cultural values and belief systems, the social context, existing entrepreneurial culture, innovation attitudes, and mentality of each of the considered countries. According to DII-based ranking, the ten most innovative countries in the world are 1. Switzerland, 2. USA, 3. Finland, 4. Netherlands, 5. Iceland, 6. Sweden, 7. Germany, 8. Denmark, 9. The United Kingdom, and 10. Austria. 2018-08-01 Ph.D. Engineering and Computer Science, Industrial Engineering and Management Systems Doctoral ... |
author2 |
Schoen, Henriette (Author) Karwowski, Waldemar (Committee Chair) Hoekstra, Robert (Committee Member) Shumaker, Randall (Committee Member) Akbas, Mustafa (Committee Member) University of Central Florida (Degree Grantor) |
format |
Text |
title |
Modeling the innovation ecosystem and development of a dynamic innovation index |
title_short |
Modeling the innovation ecosystem and development of a dynamic innovation index |
title_full |
Modeling the innovation ecosystem and development of a dynamic innovation index |
title_fullStr |
Modeling the innovation ecosystem and development of a dynamic innovation index |
title_full_unstemmed |
Modeling the innovation ecosystem and development of a dynamic innovation index |
title_sort |
modeling the innovation ecosystem and development of a dynamic innovation index |
publisher |
University of Central Florida |
url |
http://purl.flvc.org/ucf/fd/CFE0007586 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
CFE0007586 ucf:52537 http://purl.flvc.org/ucf/fd/CFE0007586 |
op_rights |
public 2019-02-15 |
_version_ |
1782335994031243264 |