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Book part
Publication date: 28 August 2018

Piero Formica and Martin Curley

In the knowledge economy, greater togetherness is the prerequisite for innovating and having more: selflessness extends scope while selfishness increases limitations. But…

Abstract

In the knowledge economy, greater togetherness is the prerequisite for innovating and having more: selflessness extends scope while selfishness increases limitations. But human beings are not automatically attracted to innovation: between the two lies culture and cultural values vary widely, with the egoistic accent or the altruistic intonation setting the scene. In the representations of open innovation we submit to the reader’s attention, selfishness and selflessness are active in the cultural space.

Popularized in the early 2000s, open innovation is a systematic process by which ideas pass among organizations and travel along different exploitation vectors. With the arrival of multiple digital transformative technologies and the rapid evolution of the discipline of innovation, there was a need for a new approach to change, incorporating technological, societal and policy dimensions. Open Innovation 2.0 (OI2) – the result of advances in digital technologies and the cognitive sciences – marks a shift from incremental gains to disruptions that effect a great step forward in economic and social development. OI2 seeks the unexpected and provides support for the rapid scale-up of successes.

‘Nothing is more powerful than an idea whose time has come’ – this thought, attributed to Victor Hugo, tells us how a great deal is at stake with open innovation. Amidon and other scholars have argued that the twenty-first century is not about ‘having more’ but about ‘being more’. The promise of digital technologies and artificial intelligence is that they enable us to extend and amplify human intellect and experience. In the so-called experience economy, users buy ‘experiences’ rather than ‘services’. OI2 is a paradigm about ‘being more’ and seeking innovations that bring us all collectively on a trajectory towards sustainable intelligent living.

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Book part
Publication date: 19 February 2020

Piero Formica

We live in the Age of Knowledge, which is impelling us towards the Age of Imagination. The technological wave rises and with it rises a wave of change that will affect…

Abstract

We live in the Age of Knowledge, which is impelling us towards the Age of Imagination. The technological wave rises and with it rises a wave of change that will affect both the economy and society. When these two waves will reach the coast where knowledge meets ignorance, and how to ride them, are questions that require us to imagine the future. We must, therefore, embark on the vessel of imagination, leaving behind us the baggage of what we know and understand. Imagination is not just the springboard for ideas; it also acts to connect ideas in different ways that may blossom in the garden of an entrepreneurial renaissance. Symbols, metaphors and concepts that belong to our tacit knowledge come to light in our memory. It is from here that the imagination draws its lifeblood, broadening our horizons, inducing us to interact with others who may be the bearers of other cultures. Are we ready to engage in an imaginative learning process to join business with innovation and art? Are we prepared to design a wide-open white space where the actors of entrepreneurship, innovation and art can generate a constructive tension that will sweep away what appears to be mutual antagonism or incompatibility?

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Innovation and the Arts: The Value of Humanities Studies for Business
Type: Book
ISBN: 978-1-78973-886-5

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Book part
Publication date: 18 August 2020

Piero Formica

Abstract

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Econaissance
Type: Book
ISBN: 978-1-80043-517-9

Content available
Book part
Publication date: 18 August 2020

Piero Formica

Abstract

Details

Econaissance
Type: Book
ISBN: 978-1-80043-517-9

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Book part
Publication date: 28 August 2018

Abstract

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Exploring the Culture of Open Innovation
Type: Book
ISBN: 978-1-78743-789-0

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Book part
Publication date: 19 February 2020

Abstract

Details

Innovation and the Arts: The Value of Humanities Studies for Business
Type: Book
ISBN: 978-1-78973-886-5

To view the access options for this content please click here
Book part
Publication date: 18 August 2020

Piero Formica

Abstract

Details

Econaissance
Type: Book
ISBN: 978-1-80043-517-9

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Abstract

Details

Econaissance
Type: Book
ISBN: 978-1-80043-517-9

To view the access options for this content please click here

Abstract

Details

Econaissance
Type: Book
ISBN: 978-1-80043-517-9

To view the access options for this content please click here
Book part
Publication date: 18 August 2020

Piero Formica

Abstract

Details

Econaissance
Type: Book
ISBN: 978-1-80043-517-9

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