A Crisis in Innovation

In the business press today, innovation is the new currency of corporate success. BusinessWeek, Fortune, Fast Company, and even Harvard Business Review point to innovation (and often to its step-sister, design) as the solution to all that's wrong in our on-again, off-again economic recovery. Innovation, it seems, is the savior of U.S. domestic brain trust as services move off-shore, the source of profit margin in an increasingly price-competitive world and the path to becoming the next celebrity CEO. Innovation has become our modern-day holy grail: if only firms can capture innovation in the same manner as Google or Steve Jobs, they will have secured a plush competitive position in the 21st century.   Full text:   PDF   HTML