Organized Innovation: A Blueprint for Renewing America's by Steven C. Currall

By Steven C. Currall

"Organized" and "innovation" are phrases hardly heard jointly. yet an equipped method of innovation is strictly what the US wishes at the present time. This booklet offers a blueprint for coordinating expertise breakthroughs to enhance America's worldwide competitiveness and prosperity.

That prosperity is in danger. As different countries bolster expertise innovation efforts, America's examine, improvement, and commercialization company is falling at the back of. An "innovation hole" has emerged in fresh a long time, the place US universities specialize in uncomplicated study and concentrates on incremental product improvement. the rustic has didn't tackle the innovation hole as a result of 3 myths--innovation is ready lone geniuses, the unfastened marketplace, and serendipity. those myths blind us from spotting our dysfunctional approach of unorganized innovation.

In Organized Innovation, Currall, Frauenheim, Perry and Hunter supply a framework for optimizing the best way the USA creates, develops, and commercializes expertise breakthroughs. A roadmap for universities, company, and executive, the booklet is grounded within the authors' seminal examine of the nationwide technology Foundation's Engineering examine heart application, which has back to the USA financial system 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 convey us find out how to manage innovation for a extra filthy rich, hopeful destiny.

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Sample text

And this is especially true of “home-run papers”—­ publications that receive at least one hundred citations. These are four and a half times as likely to be written by a group of scientists. The reason for the shift, Jones says, has to do with specialization. The accumulation of knowledge forces researchers to develop specialized expertise. It’s very hard for one person to master all the knowledge it takes to create science and engineering breakthroughs, Jones argues. Collaboration is the only way to tackle many of today’s challenges.

The belief that innovation is almost exclusively about the free market is one of three myths this chapter highlights as key misguided assumptions Americans have about innovation. The other two are that discoveries are the product of solo geniuses and that insights are largely accidental. All three beliefs amount to illusions. But, as Schacht showed in the case of our sentiments about the private sector, they have real-world consequences. Collectively, they have impeded efforts to close the innovation gap and blinded us to smarter ways of creating and commercializing technology breakthroughs.

The most successful of these was probably Bell Labs, the researchand-development arm of phone company AT&T. Formed in 1925, Bell Labs generated some of the most important technologies of the twentieth century. Many of these breakthroughs continue to underpin our digital life today, including the laser, the first communications satellites, the first cellular telephone systems, and the transistor, which serves as the building block of computing devices. But the era of big-company basic research has faded in recent decades.

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