Transcending the division of 'economic' and 'social' innovation

Kaisa Koskela-Huotari, Jaakko Siltaloppi, Stephen Vargo

Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientific


This paper aims to transcend the division of ‘economic’ and ‘social’ innovations by drawing from the emerging service ecosystem perspective. This view has three fundamental implications on innovation. First, it offers unifying basis for considering all human collaboration as value co-creation through direct and indirect service exchange. Second, it portrays innovation not as a novel output, but as an institutional change in how value is co-created. Third, it onceptualized value co-creation simultaneously framed by multiple nested ‘levels’ of institutional context which bridges the micro and meso level analysis more common to ‘economic’ innovation with the macro level of ‘social’ innovation
and provides the conceptual grounds for leveraging valuable insights from both domains to build a more unifying theoretical basis for innovation
Original languageEnglish
Title of host publicationProceedings of 24th Annual RESER Conference 2014
PublisherVTT Technical Research Centre of Finland
ISBN (Print)978-951-38-7436-0
Publication statusPublished - 2014
MoE publication typeNot Eligible
Event24th Annual RESER Conference, RESER 2014: Services and New Societal Challenges: Innovation for Sustainable Growth and Welfare - Helsinki, Finland
Duration: 11 Sept 201413 Sept 2014
Conference number: 24


Conference24th Annual RESER Conference, RESER 2014
Abbreviated titleRESER 2014


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