Innovationled
Innovationled is a term used to describe a strategy, policy, or organizational approach in which innovation is the primary driver of growth, value creation, and strategic decision making. In an innovation-led framework, resources, governance, and objectives are aligned to maximize the development, diffusion, and commercialization of new products, services, processes, or business models rather than prioritizing cost cutting or risk aversion alone.
In business, innovation-led strategies emphasize continuous idea generation, experimentation, and rapid learning cycles. Companies invest in
In public policy and regional development, innovation-led growth seeks to raise productivity by strengthening science and
Benefits include potential for durable competitive advantage and higher long-run growth; risks include misallocation of capital,
The term innovationled is used across corporate and policy contexts with varying definitions. It is often contrasted