Say "Hello" to Innovation Capital!
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Say "Hello" to Innovation Capital!

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Say "Hello" to Innovation Capital! Say "Hello" to Innovation Capital! Presentation Transcript

  • Say “Hello” to Innovation Capital! Arthur Harkins, Ph.D. John Moravec, Ph.D. Innovation Studies University of Minnesota
  • Welcome What’s Innovation Capital? An Innovation Economy? An Innovation Society?
  • Innovation Capital is the capacity of an entity to produce valuable change.
  • Innovation Economy is a system of positive metrics produced by valuable change.
  • Innovation Society is a system of human relationships and choices supported by valuable change and positive metrics.
  • Continuous Innovation Society is Produced by the Non-Stop Application of Knowledge
  • An Innovation Economy Driven by Innovation Capital…
    • Helps people live successfully in the middle of nowhere when the middle of nowhere no longer exists
    • Helps people live in circumstances that can be defined but not understood
  • An Innovation Economy Moves People…
    • -From continuous improvement to creative destruction
    • -From great plans to contingencies
    • -From big talk to quiet resiliency
    • -From blind faith to bold vision
    • -From passive fear to strategic defiance
    • -From Mother Nature to Uncle Heisenberg
  • Change Perspective
    • -3 million years Wave #0 (Hunter-Gatherer)
    • -13 thousand years Wave #1 (Agricultural)
    • -200 years Wave #2 (Industrial)
    • -50 years Wave #3 (Information)
    • Now to +20 Wave #4 (KN & Innovation)
    • +20 to +50 Wave #5 (AI-Driven Imagination)
  • Innovation Economy
    • Definition : “The continuous creation of new ideas and their application as value-adding marketable goods and services.”
      • Management’s challenge for the ‘new millennium'
      • Process for converting the raw resources of imagination into tangible outcomes
      • Critical to organizational transformation and resource expansion
  • Innovation Economy
      • Requires strategic investments to develop/mine individual potentials
      • Makes learning continuous for everyone, using cutting-edge technologies to replace memorization
      • Requires shift to personalized religion and public secularism
      • Requires accountability at the top as well as the middle and bottom
  • What is Innovation About?
      • Breaking the rules
      • Asking new questions
      • Settling for conditional answers
      • Balancing ‘the real world’ with simulations
      • Changing our minds while not losing them
      • Collapsing time and distance
      • Making everyone a functional expert in everything
  • What is Innovation About?
      • SELF-MANAGEMENT
      • SPEAKING UP
      • RESPECTING THE ENEMY
      • TAKING RESPONSIBILITY
      • RETREATING FORWARD
      • DISTINGUISHING CONFIDENCE FROM NARCISSISM
      • LISTENING TO KEILLOR RAG ON US EVERY WEEK & GETTING THOUGHTFUL ABOUT IT
  • What is the Innovation Society About?
      • LEADERSHIP AT HOME
      • LEADERSHIP AT WORK
      • LEADERSHIP AT SCHOOL
      • LEADERSHIP ON THE STREETS
      • LEADERSHIP IN THE AUTOMATION OF BUREAUCRACY
  • How Does Capital Function in the Innovation Society?
      • GROWING HUMAN CAPITAL
      • GROWING PERSONAL CAPITAL
      • GROWING VISION CAPITAL
      • GROWING COMPETENCE CAPITAL
      • GROWING CIVIC CAPITAL
      • GROWING INNOVATION CAPITAL
      • ...IN ORDER TO GROW FISCAL CAPITAL
  • Let’s Take the Idea to Another Level
  • The Innovation Society is Economically Alchemic
    • It makes a form of capital out of anything
    • It turns waste into profit
    • It turns losers into winners
    • It moves 100% of the workforce into innovative living, learning & working by 2010
    • It co-opts bureaucracy and politics by focusing on human/personal capital development
  • The Innovation Society is Abundant
    • In solutions
    • In alternatives
    • In choices
    • In outcomes
    • In efficiency
    • … So that it can give things away that now cost beyond almost everyone’s means
  • The Innovation Society is Generous
    • In care for children
    • In care for the environment
    • In care for freedom
    • In care for the poor and
    • In care for the despised
    • In care for the cynical and self-hating
  • The Innovation Society is Socially Way Cool (It NEVER employs the phrase, ‘Those People’)
  • The Innovation Society Requires an Innovation Economy
  • The Innovation Economy as a Foundation
    • Rapid knowledge refresh rates create:
    • -Flow of innovation and ideas from all sources
    • -Fast individual and collective cultures
    • -Institutional capability to incorporate ubiquitous variety generated by the entire population
  • How the Innovation Economy Creates Human Capital
    • -Learning becomes real time with personal and social changes
    • -Learning moves from information downloading to knowledge creation
    • -Knowledge generation is linked to innovation in all ways at all times
    • -Software supports weaker-performing persons and groups at competency levels
  • How Can You Help?
  • Innovation through Leadership
    • Promote WAT (Way Ahead of Time) thinking in schools and higher education
    • Nurture a National Innovation Corps to support an Innovation Economy
    • Support the MN Chapter of the National Innovation Corps with indefinite ‘enlistments’
  • NEVER Retire – Set an Example of Continuous Contribution!
  • Innovation Through YOUR Leadership
    • -Support leadership skills development in schools and colleges
    • -Support visionaries & risk-takers everywhere
    • -Cascade management into everyone’s work
    • -Think between many boxes
    • -Expect more from the top
    • -Get Garrison Keillor’s help – right now he’s killing us!
  • Innovation Through Structures You Help to Change
    • Learning Organizations
        • Wideband/Wide Area Networks
    • Continuous Flow of Innovations
        • Knowledge Creators/Innovators/Imagineers
    • Personal Growth of Employees
        • Work over Jobs; Ronin over Employees
    • Welcome the Innovation Society
    • Start a War on ‘Millstone’ Legacies
  • Thank you! Questions?