The Crucial Role of Universities in Promoting Radical Innovation

Martin Binks

Chapter 8 in The Business Growth Benefits of Higher Education, 2014, pp 91-108 from Palgrave Macmillan

Abstract: Abstract The terms ‘knowledge economy’ and ‘information society’ are used quite loosely to describe the age in which we live. Universities, as a repository of both knowledge and information, ought to be at the forefront of this brave new world; but are they? The real challenge of innovation today is not technological innovation, it’s institutional innovation. We have to start inventing new types of institutions that can stay in step with the information age. John Seely Brown (ex-Chief Scientist of Xerox Corporation and the director of PARC, the Palo Alto Research Center) interviewed by Mark Stevenson in his ‘An Optimist’s Tour of the Future 2011 Knowledge used to be hard to acquire, and the difficulty of amassing it gave that knowledge — and the person who had it — value.

Keywords: Radical Innovation; Curriculum Design; Incremental Innovation; Opportunity Recognition; Peer Review System (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-32070-4_8

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DOI: 10.1057/9781137320704_8

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