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.
Tag: institutions
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.
Expectations and realities – Part 2
In the previous post it became pretty obvious that there is a significant mismatch between the facts about innovation and what we think them to be. Today I'll try to cast some light on the underlying reasons for that discrepancy.
Expectations and realities – Part 1
One of the biggest quandaries in innovation is the discrepancy between our hopes and desires on one side and the real outcomes on the other. Often the result does not match the expectations. What’s the reason for that?
understanding innovation 