Fresh Takes on Innovation

 

Survival strategies

November 15th, 2008 by phil

Survival strategies

The current economic situation is probably bringing a completely new approach concerning innovation in the future. As a historian, you may postulate that systems normally innovate when facing crisis. Times, when a fast development into a certain direction is seen as the only possibility to survive, normally bring fast and ground-breaking ideas – which in fact are highly depending on luck and the right decision under pressure.

It is said that one should never change a working system. Using the very same working system for a longer time brings additional fear of failure and a conservative ethos. Closing eyes, ears and mind to anything new and risky may, speaking of the worst possible case, cause complete “idea-blindness”. Because a system never works ceteris paribus, a complete blockade of the system in a constantly changing environment is unavoidable – unless the change is not forced from in- or outside (looking at Europe: this mechanism, indeed, made the triumph of concepts like democracy and liberalism possible!).

Speaking of economics, the free market normally makes innovation happen. Enterprises survive by adapting fast to market situations, which makes them way more flexible. If the framework stays the same or develops in a predictable way, innovation may be looked at as a relatively slow but constant process.

The current unbillable situation of the world economy has to be looked at as a chance as well. An emphasis on new ways and possibilities in innovation will give companies and hopefully even nations the possibility to establish procedures, which allow fast reactions but also long-term innovations. In times of globally linked economies, innovation culture and capacity has to be looked at on a bigger scale – the output of companies and societies on global markets is not only defined by the production of goods and services, but also by the production of – yes – ideas.

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