Cognition of industrial innovation in Latin America: Advances and challenges

Fernando Salazar, Judith Cavazos, Sandra ChacóN, Felipe Santos

Research output: Chapter in Book/ReportConference contribution


Levels and technological advances that lead society to a more efficient use of productive resources and transform new ideas into viable solutions through products and services, with the development of the new technological revolution, innovation as a new idea or approach applied in new ways to create value for the organization and other stakeholders. The value of innovation requires internal technological capabilities and ability to develop knowledge. Organizations in Latin America have focused mainly on getting the source of innovation exclusively on investments in R & D. This article describes the process of how you can't always see the results of empirical and consistent work, compared to the non-existent significance of innovation to productivity. Innovation depends heavily on the perception of the risks and opportunities of people, involves taking as many risks, from the scanning process and uncertain outcomes, innovative entrepreneurs should be more risk prone than others. But, as it is based on much research, employers are not willing to take more risks than others, interpreting the information in a more positive way, "the perception of weaker strengths" and the discussion that arises businesses are very far from the technological frontier by weak incentives.

Original languageEnglish (US)
Title of host publicationIIE Annual Conference and Expo 2014
PublisherInstitute of Industrial Engineers
Number of pages10
ISBN (Electronic)9780983762430
StatePublished - Jan 1 2014
EventIIE Annual Conference and Expo 2014 - Montreal, Canada
Duration: May 31 2014Jun 3 2014

Publication series

NameIIE Annual Conference and Expo 2014


ConferenceIIE Annual Conference and Expo 2014

All Science Journal Classification (ASJC) codes

  • Industrial and Manufacturing Engineering
  • Control and Systems Engineering


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