Difference between revisions of "Future of Innovation Main Page"
Jump to navigation
Jump to search
| Line 100: | Line 100: | ||
- question on this scenario: does the open innovation cause a mess i.e. too much information and ineffectual results, or do companies learn to adapt a new business model to filter and organise the chaos emerging from open innovation? (maybe the latter) <br> | - question on this scenario: does the open innovation cause a mess i.e. too much information and ineffectual results, or do companies learn to adapt a new business model to filter and organise the chaos emerging from open innovation? (maybe the latter) <br> | ||
<br> | <br> | ||
<b>Scenario 4- Innovation | <b>Scenario 4- Global Innovation Goverance <br></b> | ||
To innovate, company needs resources. To get these resources, they invest and ensure through intellectual property that they can get a return on their investment. With the spreading of capitalism since 19th century, a big part of the investment comes from private investors who understand that by innovating the company will be able to be more profitable and therefore give them a return on the investment. Company innovation has no limit as soon as it satisfies the condition of return on investment and that it respects regulations. With the idea of self-regulating market, governments try to lower the fields they regulate and as a consequence give more freedom to innovation. Sometimes innovation is a great progress for the humanity (health etc.) but sometimes innovation can creates consequences very devastating for the humans (financial bubble, weapons of mass destruction, pollution etc.)<br> | |||
- | |||
In 2009 and 2010, the financial crisis has exposed the world to a major crisis. The world has understood that the deregulation of the financial system has created innovative products which finally created a disaster. As the world gets conscience of these limits, a series of meeting have been held (G20) to further strengthen the regulations. Some countries governments and intellectuals are pushing for a better control of capitalism.<br> | |||
From 2010 to 2030, under the pressure of Europe which was finally joined by some emerging countries (China, Brazil) and finally the US, the world has decided to control private investment as one of the fundamental measurements of global financial governance. Flow of capital will mainly use a heavy taxation system which aims at controlling the excess of capitalism and its consequences. As profit and capital are heavily taxed, companies have troubles to raise money to finance their innovation through private investment. But a solution has been found: a world organization for innovation has been created (like the WTO, EU, and governments) and provides subventions to companies for their innovation. On top of giving the appropriate resources necessary for innovation, this organization would set fields and objectives according to a Masterplan for innovation. States agreed on priorities: innovation, and finally innovations are driven in the directions which are the most effective to remediate to the main issues of our world (lack of energy resources, improvement of health etc.). Innovation is not driven by profit only and this control reduces the risk of innovations which can have bad consequences. It also focuses all the resources available in some specific fields ensuring faster and better results in those fields. However the negative effect is that for individuals and companies will lack of sufficient investment to do free innovations.<br> | |||
<br> | <br> | ||