Sticky information
In the field of management, sticky information is information that 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 certain 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]
Economics
[edit]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.
See also
[edit]References
[edit]- ↑ von Hippel (1998). Economics of Product Development by Users: The Impact of “Sticky” Local Information. Management Science, vol 44, No. 5 (May) pp. 629–644.
- ↑ von Hippel (1994) "Sticky Information" and the Locus of Problem Solving: Implications for Innovation." Management Science 40, number 4, April 1994: pp 429–439.
External links
[edit]- Eric Von Hippel's homepage — includes books and articles in the Creative Commons licence