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Here's a good commentary on innovation from one of the state leaders in Maine. She focuses on the importance of translating ideas into a practical polcy agenda.
She skates along the high points of a complex topic, but she is focusing on one of the core issues facing economic development: accelerating innovation.
Read more.
The public policy challenge, of course, involves transforming legacy economic and workforce development programs -- many of which are rooted in the 1930's -- into policies appropriate for an economy in which open innovation networks drive prosperity.
The Pollicy Challenge
Most of our economic development policies are geared toward an industrial recruitment model. Over twenty years, globalization has gradually made this strategy less productive...and largely obsolete.
Now we need policy strategies that more flexible approaches to 1) transforming education through innovation; 2) integrating education and workforce development with economic development and 3) accelerating innovation through open networks driven by regional strategies.
The Business Challenge
At the same time, busisses face their own set of challenges. Here's a good summary from a former top executive at IBM. Read more.
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