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Every Thursday a business school professor, an expert in his or her field, will define five key terms. The definitions can be found in the “editors choice” below.

Eric von Hippel is professor of management of innovation and engineering systems at MIT Sloan School of Management.

His research analyses patterns in the sources of innovation and he develops ways to improve the initial part of the innovation process where ideas for breakthrough products and services are developed. He also looks at methods to improve the product and service development processes.

Prof von Hippel was previously co-founder of the MIT entrepreneurship programme and worked as a consultant for McKinsey.

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