Sticky information

In the field of Management , Sticky Information is information which is costly to acquire, transfer, and use in a new location. Eric von Hippel coined the term around 1994. Because of the importance of sticky, local information for Some kinds of innovation and product customization, von Hippel Suggests That in some Circumstances the innovation will be increasingly Accomplished by end-users ( user innovation ) Rather than An expert provider. Toolkits for User Innovation can be used to support end-users in their innovation process. [1] [2]

In the field of Economics , Sticky Information is related to the concept of Sticky Prices . That is, members of the economy are making decisions with lagged information. A longer discussion of the term resides under the Stick Information heading of the Nominal Rigidity page .

See also

  • Configuration System
  • Creativity techniques
  • Lead user
  • Open Innovation
  • Product management
  • Product differentiation
  • Sticky (economics)
  • User innovation
  • Crowdcasting

References

  1. Jump up^ von Hippel (1998). Economics of Product Development by Users: The Impact of “Sticky” Local Information. Management Science, vol. 44, No. 5 (May) p. 629-644.
  2. Jump up^ von Hippel (1994) “Sticky Information” and the Locus of Problem Solving: Implications for Innovation. Management Science 40, no.4, April 1994: pp 429-439.

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