Executive Summary (This is a document excerpt)

On December 15, the US Council on Competitiveness hosted the National Innovation Initiative (NII) Summit. The NII recommended creating a US innovation agenda to reverse the decline in America's ability to compete globally based on innovation. The NII Summit's focus on talent, investment, and infrastructure are solid. But the US can't win in this global competition merely by more invention. It must also internalize a new game — which Forrester calls Innovation Networks — in which US players must engage rival firms from around the world in a co-opetitive game that combines transformation, brokering, and financing, as well as invention.

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