The Innovation Fallacy, Interlude
In fact, the world still looks to the United States for innovation. In a recent survey of venture capitalists completed by Deloitte, no other other country in the world even came close to being the world’s leader in innovation.
- A “survey of venture capitalists”? I imagine that they would be drawing on a very specific definition of “innovation”, one that might not bear any resemblance to the actual definition – and does this mean that where there are no venture capitalists, there is no innovation?
- It’s obvious that innovation is linked closely to particular political, economic and social systems, and that the US has an advantage – but isn’t that particular definition of innovation the one mandated by those systems?
- If the main vehicle for spreading innovation is the free market, what happens when it’s the mania for innovation that brings a key pillar of that market to its knees? How meaningful is it to talk about being a world leader in innovation in a globalised world, if that innovation is ring-fenced for commercial advantage?
The more I think about innovation, the more questions I have.
(HT: Enterprise Resilience Management Blog, via Global Dashboard.)
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