I am getting increasingly disturbed. This week two people I know and respect have been talking about the innovation effect. Is innovation the business process re-engineering of our decade; is it part of a bubble like the the dot.com boom. Is innovation simply a fad and fashionable to talk up when we are in the present economic uncertainties? Is innovation durable or will executives move on to new ‘feeding grounds’ as they smell that possible wind of change? Yes, possibly, I hope not. Innovation is still a very furtile feeding ground.
Innovation is meant to be the catalyst of fresh jobs, new growth and leading us all out to the promise land of wealth and security. Can we place such a burden on the slim shoulders of innovation?
Politicians here in Europe and America are using the past tool kit of tried and tested methods to kick start their economies, restructure the mountains of debt we have accumulated and generally stimulate growth. Our economies remains stuck, entrenched and resistant, even some are about to possibly plunge even further back. So it becomes “time for playing the innovation card”.
The challenge today is to transform European activities around innovation. It is the same for the United States as the growth and job mantra will simply come from innovation. In the EU case, Innovation forms a central plank of the 2020 Europe goals.
Regretfully the next Titanic is waiting to happen.
In recent months there has been considerable activity to formulate the new policies to support innovation through EU funding. The EU has been inviting dialogue and offering a mountain of guidelines and suggestion to help us all. Much of the focus is on streamlining what is already in place. I’ve called this on some different discussion blogs a little like “reorganizing the innovation deck chairs on the titanic as it heads towards an iceberg”.
There is enormous activity and pressure to perform as the past results of many of the EU initiatives have not delivered on the goals set, and there is this real urgent need to reflect upon the lessons learned from the failures of the Lisbon strategy. It does seem the present ‘effect’ is put on more steam, lighten the load where we can and let’s try and navigate through these challenges (or icebergs), no time to lose. Everyone is on high alert in Brussels and around the EU all busy doing their job to contribute to present dialogues on making innovation a success. We need to take really radical action in my view.
Perhaps we should be shouting “all stop”