Service and product characteristics redefined to drive innovation in economy.
The article explores how to expand innovation in services by investigating their characteristics. Services are becoming more important in the economy, but there is limited research on managing innovation in this sector. Most service innovation involves adopting technology from other industries. The researchers suggest looking at different characteristics of services to better understand how they can be innovative. By doing this, we can classify items based on how they are delivered and their potential for innovation, especially with technological advancements.