Review of Innovation Value Chain Components

Abstract

Through an overview to the studied performed in innovation domain, one would find out that most of them have studied the impact of innovation on development or success of organizations. While, it should be stated that innovation does only affect a company or owner of innovation, but also it affects a chain of different components of innovation. Innovation value chain describes how innovation affects three other components of this chain (complementary innovation, consumers, and suppliers) beside new product manufacturer. The present study tries to indicate how innovation affects the components of value chain, and how the weakness or inefficiency of each component affects an innovation process.