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Commercialization of Innovation: Lessons Learned

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August 2002, 46 pages

The housing industry must learn from its own experiences with innovation if it is to avoid repeating the mistakes of the past. In looking at two innovation experiences exterior insulated finishing systems and engineered wood I-joists this study suggests several important recommendations for improving the diffusion of innovation in the residential construction industry.

This report recommends that individual innovations should be viewed parting the context of a larger housing system and that members of the housing delivery system should monitor problems and collaborate earlier in the commercialization process. It is important that both the public and private sectors share the risk of innovation if we are to avoid the dampening effects of litigation. The challenge is to provide the environment for collaboration while preserving the competitive nature of the industry.

Content updated on 12/10/2003

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