“Innovation is the central issue in economic prosperity.” - Michael Porter
There’s been some interesting coverage this week about President Obama’s State of the Union address. And while pundits on all sides debate the ideologies as well as the details, it’s easy to agree on one of his key points – that innovation is the key to getting the economy and the country back on track.
Given the importance of innovation, isn’t it worth taking a fresh look at innovation itself? Many “innovations” such as the Declaration of Independence, the Apollo Space Program, even clever ad campaigns, were all realized by having several smart people in one place to develop ideas together. But now that’s all changed.