By Steven C. Currall
ISBN-10: 0199330700
ISBN-13: 9780199330706
"Organized" and "innovation" are phrases not often heard jointly. yet an equipped method of innovation is strictly what the US wishes this day. This ebook offers a blueprint for coordinating know-how breakthroughs to enhance America's worldwide competitiveness and prosperity.
That prosperity is in danger. As different countries bolster know-how innovation efforts, America's learn, improvement, and commercialization firm is falling at the back of. An "innovation hole" has emerged in contemporary many years, the place US universities specialize in simple examine and concentrates on incremental product improvement. the rustic has did not deal with the innovation hole as a result of 3 myths--innovation is set lone geniuses, the loose industry, and serendipity. those myths blind us from spotting our dysfunctional procedure of unorganized innovation.
In Organized Innovation, Currall, Frauenheim, Perry and Hunter supply a framework for optimizing the way in which the USA creates, develops, and commercializes know-how breakthroughs. A roadmap for universities, enterprise, and executive, the ebook is grounded within the authors' seminal learn of the nationwide technological know-how Foundation's Engineering study middle application, which has back to the USA economic climate greater than ten occasions the investment invested in it.
For too lengthy, our method of expertise innovation has been unorganized. The authors allow us to show the web page. They express us the best way to set up innovation for a extra filthy rich, hopeful destiny.
Read or Download Organized Innovation: A Blueprint for Renewing America's Prosperity PDF
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Extra resources for Organized Innovation: A Blueprint for Renewing America's Prosperity
Example text
This declined to below 15 percent in the mid-1970s before recovering somewhat in the 1980s and 1990s. But industry’s share of basic research spending dipped again beginning in the late 1990s. 13 Reasons for the move away from basic research include deregulation, as monopolies like AT&T lost their largely guaranteed revenues and profits. Heightened international competition—such as cars from Japan and computer chips from Taiwan—also pressured companies to cut costs. htm#c4. 14 Higher, faster returns became the dominant concern among investors and executives, which tended to make long-term investments in research a lower priority.
And many breakthroughs of the lab can be attributed to insights by Edison’s assistants. Edison also liked to borrow ideas from other fields. As Hargadon and others have shown, people had been working on an incandescent light for decades before Edison. 17 It is telling that another prolific source of innovation gets much less attention in the popular imagination than Thomas Edison. That source is Bell Labs. As mentioned in the previous chapter, Bell Labs generated some of the most important technologies of the twentieth century.
Grove clearly loves his adopted country. But he worries it is wearing ideological blinders. In a 2010 Businessweek essay, Grove argued that the decline of the Soviet Union gave the United States a false sense of security about its economic system. Our fundamental economic beliefs, which we have elevated from a conviction based on observation to an unquestioned truism, is that the free market is the best of all economic systems—the freer the better. Our generation has seen the decisive victory of free-market principles over planned economies.