Practical sheet | REF: FIC0330 V1

How does an innovative company create value?

Author: Danielle ATTIAS

Publication date: February 10, 2012 | Lire en français

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AUTHOR

  • Danielle ATTIAS: Professor of Management Sciences, member of the Industrial Engineering Laboratory, École Centrale Paris

 INTRODUCTION

Value creation is influenced by an economy that is increasingly based on new, innovation-driven activities, drawing heavily on human capital and knowledge.

Can we speak of a new concept of value creation? Is it innovation or the knowledge that goes into innovation that creates value?

What is the meaning of this value creation? More generally, how does value creation play out in innovative companies?

This sheet will help you make the link between value creation, knowledge and innovation. The procedure is as follows:

  • Define value creation by the company.

  • Demonstrate how the knowledge involved in the innovation process is in itself of value to the company.

  • Linking knowledge, innovation and value creation through the notion of "stored intelligence".

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How does an innovative company create value?