There's an abundance of management literature offering advice on how to foster innovation in a business context. However, there is very little discussion on how the innovator's success critically depend upon the boundary conditions defined outside the business context. Today, I'll focus on how that larger context is directly relevant for the innovator's success.
Author: Ulf Ehlert
How to cultivate innovation? – Part 2
Businesses, and the economy in general, are embedded in society; they are society's means to organise the exchange of goods and services. Innovation on the other hand always fulfils a purpose, thus creating value for society. Time to look at the institutions through which societies cultivate innovation.
How to cultivate innovation? – Part 1
Cultivating innovation is what every business leader must achieve to stay in business for more than just one product cycle. However, innovation is more than business, and the existing writing often misses that essential part of reality: the fact that business is embedded in society. TIme to look at this societal context of innovation.
Pushing a rope … ??
While we can recount the history of past technological progress, we cannot anticipate is future trajectory. And still we keep making futile attempts at predicting what is un-predeterminable. We have to come to terms with the onway nature of path-dependence.
Describing the impact of innovation is a challenging task. Searching for a reasonably current example, I turned to the movies. And I found a compelling story in Oliver Stone's two Wall Street movies. Or rather, between the two.