The outcome of any innovative endeavour is by no means certain. Rather, innovation entails risk for the innovator as well as for the society he's working in. The first might be considered the risk of innovation failure, which I have already addressed in a previous post. The second risk is the risk of innovation success, and that's what I'll focus today's post on.
Innovation policy is a complex composition of tools that influence the innovation capacity and success of a society. This set of policies usually does not cover the entire innovation landscape, but leaves the fringes of the landscape unattended. Today, I'll first focus on innovation policy that embraces novelty, i.e., policy objectives especially tailored to novel supply and novel demand. I consider this a forward looking innovation policy.
Globalisation is the evolving background and increasingly becomes the driving factor for many of our considerations and actions; and science, technology, and innovation are no exceptions to this trend. Today, I'll focus on how globalisation provides entirely new means and opportunities to solve problems. How does globalisation help us so that 1 + 1 > 2 ? That's neither black magic nor strange mathematics ...
We all tend to believe that mankind is on a path of continuous progress and ever-increasing prosperity, driven by good fortune and human ingenuity. Is that just wishful thinking or could it actually be true?
understanding innovation 