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  • Soft Innovation: Economics, Product Aesthetics, and the Creative Industries

    Soft Innovation by Stoneman, Paul;

    Economics, Product Aesthetics, and the Creative Industries

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    Product details:

    • Publisher OUP Oxford
    • Date of Publication 4 August 2011

    • ISBN 9780199697021
    • Binding Paperback
    • No. of pages382 pages
    • Size 234x170x22 mm
    • Weight 602 g
    • Language English
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    Short description:

    Much of the existing economic literature on innovation has taken a particularly functional viewpoint as to what innovation might be. This book explores 'soft innovation', found in the creative industries such as publishing, film-making, advertising, and architecture, which has been, hitherto, ignored in innovation studies.

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    Long description:

    At its heart this book is about innovation and the innovation process. On the way, it considers aesthetics, design, creativity and the creative industries, and a number of other similar topics.

    Much of the existing economic literature on innovation has taken a particularly technological or functional viewpoint as to what sort of new products and processes are to be considered innovations. One of the key points that this book highlights is that there is a type of innovation, here labelled 'soft innovation', primarily concerned with changes in products (and perhaps processes) of an aesthetic or intellectual nature, that has largely been ignored in the study of innovation prevalent in economics. Examples of innovations that, as a result of this refocusing, are here placed at the centre of the analysis include: the writing and publishing of a new book, the writing, production, and launching of a new movie, the development and launch of a new advertising promotion, the design and production of a new range of furniture, and architectural activity in the generation of new built form designs. The realisation of the existence of soft innovation means that, not only is innovation more widespread than previously considered, but that it may also take a different form than commonly considered.

    Soft Innovation addresses key issues such as:

    * The measurement of the rate and extent of soft innovation,
    * The determinants of the rate and direction of soft innovation and its diffusion,
    * The impacts of soft innovation and diffusion upon outputs, productivity, employment, firm performance, trade, and economic welfare,
    * Policy, considering whether there is a rationale for government intervention in the soft innovation generation and diffusion processes, and if so what instruments can be used in such intervention?

    Soft Innovation breaks new ground in the study of innovation, and will be key reading for academics and researchers of Innovation, Marketing, and Design, as well as consultants, practitioners, and policy-makers concerned with the creative industries.

    a major work of scholarship in a critical field of industry and policy.

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    Table of Contents:

    Introduction
    Part I: The Nature and Extent of Soft Innovation
    Defining Soft Innovation
    Aggregate Measures of Soft Innovation
    Soft Innovation in the Creative Industries: Books, Recorded Music, and Video Games
    Soft Innovations Outside the Creative Industries: The Food, Pharmaceuticals, and Financial Industries
    Part II: The Economic Analysis of Soft Innovation
    The Economic Analysis of TPP Innovation as a Foundation for the Analysis of Soft Innovation
    The Supply of Soft Product Innovations
    The Diffusion of Soft Innovations
    Soft Innovation and Uncertainty: Variant Proliferation, Insurance Markets, and Finance
    Soft Innovation, Intellectual Property Rights, Competition, and Welfare
    Part III: Impacts and Implications
    The Impact of Soft Innovations on Firm Performance
    Soft Innovation and Government Policy
    Conclusions and Future Prospects

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