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December 21, 2004

US Innovation Agenda Must Focus On Networks

The US Must Restructure Investments To Win In Global Innovation Networks

by George F. Colony

with Navi Radjou, Bobby Cameron

This is an excerpt

Executive Summary

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.

TABLE OF CONTENTS

  • The NII Says That US Competitiveness Hinges On Increased innovation
  • But To Win In Innovation Networks, The US Needs More Than Inventions
  • Related Research Documents

This is an excerpt

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