Model for Innovation Success

There has been extensive research conducted that looks at what drives successful innovation in the US and other established economies. There are a myriad of factors that have been cited as driving success and a number of studies related to the barriers to developing innovation. But emerging economies represent a different dynamic and cultural context, and many of the techniques that work in established economies may be problematic in emerging economies.

Write a paper that constructs a model of factors and techniques that lead to successful innovation in established economies. Focus on the systemic processes, policies, procedures, incentives, cultural, and other aspects that drive success. Then you should critically examine which of these factors and techniques can be applied to emerging economies, essentially creating a parallel model for application to emerging economies. Discuss the particular situations and contexts in which the model would apply and where it would be problematic. Your paper should be five to eight pages.