Say "Hello" to Innovation Capital!


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Say "Hello" to Innovation Capital!

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