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E5 - Who's driving twenty-first century innovation? Who should?

Published online by Cambridge University Press:  05 July 2011

Bill Fischer
Affiliation:
IMD, Switzerland
Jean-Pierre Lehmann
Affiliation:
IMD
Fabrice Lehmann
Affiliation:
Evian Group at IMD
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Summary

Innovation will drive the future, but who's driving innovation? In modern, market-based societies this is a question of some import. We live in a time of impending crisis. Our planet's fragile ecological inheritance is being carelessly squandered and the ‘seas of change’ are literally rising as we dawdle. At the same time, the one resource that we do have that can offer us a chance at salvation – the creative power of the human intellect – is at risk of being wasted in complex organizations that all too often have become ‘prisons of the soul’. This goes beyond mere frustrations over business as usual; this is vitally important to us all: who speaks for the species at a time such as this?

Popular imagination typically ascribes the innovative role to ‘independent inventors’ – contemporary ‘Davids’ struggling against massive industrial ‘Goliaths’, with nothing but goodwill on their balance sheets and only altruistic objectives on their minds. Ah, if only this were true! The reality is, in fact, quite different. The great bulk of twenty-first century innovation will be pursued in the private, non-governmental sector, led mostly by big and multinational firms, operating from a handful of favoured locations, mostly in the developed world. Is this good? Well, first of all, it's not a choice, but a reality, so the question might be moot; but then the real question becomes: is this what we want?

Type
Chapter
Information
Peace and Prosperity through World Trade
Achieving the 2019 Vision
, pp. 253 - 258
Publisher: Cambridge University Press
Print publication year: 2010

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