Industrial innovation aims to bring about structural changes in technological systems by restructuring different production technologies in different sectors. The industrial sector plays a significant role in driving technological and economic advancement, and industrial innovation is a key part of this process. It is important for businesses in the industrial sector to continuously seek out new ideas and ways of doing things in order to stay competitive and meet the changing needs of their customers.
Source of Industrial Innovations:
The source of industrial innovation lies in the modularization and system integration of technology and organization. Industrial upgrades work through the interaction of the following elements: Modular enterprise competition, knowledge creation, knowledge flow, modular choice and absorption. Modular and architectural innovations drive industrial upgrades.
Methods of Industrial Innovations: