This chapter will examine synergy in innovation network teams and explore methods that can enhance corporate value and growth. An innovation network team is a cross-functional group that is tasked to create innovations. An innovation network team may be comprised of members from different departments or organizations. An example of an innovation network team in an organization is a new product team. An example of an inter-organizational innovation network team is an industry coalition. Research on innovation explores the role of networks of diverse individuals and organizations (Fischer, 2006). The strong desire for established and start-up organizations to stay ahead of their competition ...

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