Technology, Government, Business, and Universities: The Innovation Ecosystem

The purpose of this presentation is to present an overview of the roles of the government, business enterprises, and universities in the promotion and creation of innovation. Our approach is to present key concepts, principles, methods, tools and use illustrative examples from research and executi...

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Main Authors: Tang, Victor, Osorio-Urzua, Carlos A.
Format: Presentation
Published: 2014
Subjects:
Online Access:http://hdl.handle.net/1721.1/84445
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author Tang, Victor
Osorio-Urzua, Carlos A.
author_facet Tang, Victor
Osorio-Urzua, Carlos A.
author_sort Tang, Victor
collection MIT
description The purpose of this presentation is to present an overview of the roles of the government, business enterprises, and universities in the promotion and creation of innovation. Our approach is to present key concepts, principles, methods, tools and use illustrative examples from research and executive practice. We begin by defining “innovation”. We argue that innovation is both a process and an output. From a process perspective, innovation is an emergent property of a complex social-technical system composed of government, business enterprises, and universities. The behavior of this system is the result of policies engineered by the government. We illustrate this point with examples of various macro economies, e.g. Chile. Using these examples we illustrate effective government policies. Next we discuss innovation as an output from business enterprises. We focus on enterprise level methods and tools for innovation. They are: business model transformation, business process reengineering, inventive problem solving, analysis of customer requirements, technology roadmapping, and knowledge management. Consistent with our practice, we illustrate the use of these methods and tools in detail. Next, we touch on the role of universities. For universities to promote innovation, we identify six research paths, three research strategies, and two goals. We cite a few examples from MIT. We present a key role of universities: to create interpretation spaces for researchers, government, and business where new innovative knowledge and ideas can be explored and generated in an environment of strong mutual trust. Innovation is impossible without decisive executives who are committed to action. Therefore, we present a detailed discussion of a new prescriptive approach that take a fresh look at decision-making for executives and policy makers. Finally, we distill from all of the above a set of principles that help unlock innovation. Finally we distill from all of the above a set of principles that help to unlock innovation.
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spelling mit-1721.1/844452019-04-11T11:33:32Z Technology, Government, Business, and Universities: The Innovation Ecosystem Tang, Victor Osorio-Urzua, Carlos A. innovation ecosystem government business technology universities The purpose of this presentation is to present an overview of the roles of the government, business enterprises, and universities in the promotion and creation of innovation. Our approach is to present key concepts, principles, methods, tools and use illustrative examples from research and executive practice. We begin by defining “innovation”. We argue that innovation is both a process and an output. From a process perspective, innovation is an emergent property of a complex social-technical system composed of government, business enterprises, and universities. The behavior of this system is the result of policies engineered by the government. We illustrate this point with examples of various macro economies, e.g. Chile. Using these examples we illustrate effective government policies. Next we discuss innovation as an output from business enterprises. We focus on enterprise level methods and tools for innovation. They are: business model transformation, business process reengineering, inventive problem solving, analysis of customer requirements, technology roadmapping, and knowledge management. Consistent with our practice, we illustrate the use of these methods and tools in detail. Next, we touch on the role of universities. For universities to promote innovation, we identify six research paths, three research strategies, and two goals. We cite a few examples from MIT. We present a key role of universities: to create interpretation spaces for researchers, government, and business where new innovative knowledge and ideas can be explored and generated in an environment of strong mutual trust. Innovation is impossible without decisive executives who are committed to action. Therefore, we present a detailed discussion of a new prescriptive approach that take a fresh look at decision-making for executives and policy makers. Finally, we distill from all of the above a set of principles that help unlock innovation. Finally we distill from all of the above a set of principles that help to unlock innovation. 2014-01-23T19:53:56Z 2014-01-23T19:53:56Z 2007-10-01 Presentation http://hdl.handle.net/1721.1/84445 Attribution-NonCommercial-ShareAlike 3.0 United States http://creativecommons.org/licenses/by-nc-sa/3.0/us/ application/pdf
spellingShingle innovation ecosystem
government
business
technology
universities
Tang, Victor
Osorio-Urzua, Carlos A.
Technology, Government, Business, and Universities: The Innovation Ecosystem
title Technology, Government, Business, and Universities: The Innovation Ecosystem
title_full Technology, Government, Business, and Universities: The Innovation Ecosystem
title_fullStr Technology, Government, Business, and Universities: The Innovation Ecosystem
title_full_unstemmed Technology, Government, Business, and Universities: The Innovation Ecosystem
title_short Technology, Government, Business, and Universities: The Innovation Ecosystem
title_sort technology government business and universities the innovation ecosystem
topic innovation ecosystem
government
business
technology
universities
url http://hdl.handle.net/1721.1/84445
work_keys_str_mv AT tangvictor technologygovernmentbusinessanduniversitiestheinnovationecosystem
AT osoriourzuacarlosa technologygovernmentbusinessanduniversitiestheinnovationecosystem