Who bears the risk of innovation failure?

Innovation is all about novelty, about charting new territory and sailing unknown waters. This implies that the outcome of any innovative endeavour is by no means certain, let alone predetermined. On the contrary, innovation clearly entails risk, and in fact two different types of risk: one is for the innovator, the other for the society he’s […]

Attention! Attention!

Expert attention is to creative problem solving what water is to life in the desert: it’s the fundamental scarce resource. Michael Nielsen developed this idea in Reinventing Discovery, and I fully agree with him. True to the book’s subtitle, he discusses The New Era of Networked Science, where the tailored exploitation of information technology enhances and […]

Innovation and revolution in science

A lot has been said already about the role of science as an essential underpinning of innovation. But apart from this perspective of innovation through science, there’s another aspect of the science-innovation relation I’d like to cast some light on: How does innovation in science work? The best point of departure for such a discussion, […]

Wall Street

Describing the impact of innovation is a challenging task. Even if you narrow the question a little and focus on technology only, it doesn’t get a lot easier. Searching for a reasonably current example, something that most of you have experienced in your personal lives, I turned to cinema. And I found a compelling story […]

How much innovation can society cope with?

Earlier on I posted that innovation essentially is change that generates value for society. From that perspective, society should just embrace every bit of innovation it could get hold of, shouldn’t it? However, there are two fundamental obstacles. The first elephant in the room is of psychological nature, I’d call it “change fatigue”: the very […]