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Wall Street's " financial innovations " of recent years seem to have given creativity a bad name. Hitler's human extermination empire was quite new in its scope, organization, and technology. Tags: Creativity Ethics Innovation GAAP. Second, that certain arenas of human activity are off-limits to creativity.
The shutdown will be completed by early 2014, bringing to a close a dramatic story of rise and fall at the hands of disruptive technologicalinnovation, or what we have called “ big bang disruption.” As the disruptor improves its offering, though, the incumbent’s position becomes increasingly fragile.
Innovation has the potential to transform the investment industry. Yet the world’s largest funds are closed off from these innovations. Research we have collected in recent months shows that pension funds, sovereign wealth funds, and endowments expect imminent breakthrough innovations in investment technology.
New workers embarking on their careers are finding that their education is incomplete in many areas essential to our technology-driven lives today. While all of these are contributing factors, the major factor, in our view, is the deflationary effect of technology, which our measurement systems fail to account for.
They’re more productive , more profitable , more innovative , and they pay better. And academic research has found that rising industry concentration correlates with the patent-intensity of an industry, suggesting “that the industries becoming more concentrated are those with faster technological progress.”
Today, however, by exploiting new digital technologies, firms like Apple, Lending Club, and AirBnB have made customer co-creation of value central to their business models and in doing so now rank among the world’s most innovative and valuable firms. But they might see a dramatic change in engagement and innovation if they did.
To drive shareholder value and be a catalyst for economic recovery, our nation's largest companies must deploy their assets in a productive manner, either internally for innovation and organic growth, or externally for corporate venture capital investments, research partnerships, joint ventures and alliances, or acquisitions.
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