MANAGING TALENT FOR INNOVATION

Hervé Mathe

Chapter 7 in Living Innovation:Competing in the 21st Century Access Economy, 2015, pp 161-190 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Lying at the heart of innovation, and pivotal to its creation, are the people who generate innovation in the organization. Innovation is the product of “knowledge workers”, a term coined by Peter Drucker and one that highlights the monumental transition of our contemporary economy from one that derived value principally from manual labor, to one that is based largely on the knowledge and services output of workers and the “ideas” they produce which result in the creation of economic value. Innovation is essentially a people-centric mechanism and today the greatest challenge for organizations and societies lies in the ability to harness the creativity of employees and stimulate their motivation to produce ideas of value. This marks a distinct departure from the manufacturing dominant economic model of the industrial age. The prerequisite of innovation is either the generation of new knowledge or, as is more often the case, the combination of existing knowledge in new “entrepreneurial” ways as originally explained by J.A. Schumpeter and then by P. Drucker…

Keywords: Innovation; Imagination; Ecosystem; Service Innovation; Service Economy; Experience; Inspiring Environment; Product Design; Sustainability (search for similar items in EconPapers)
Date: 2015
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