Innovation is about turning knowledge and creativity into value. How can this be done? The what if? questions in this paper, one in a series of four, are designed to provoke constructive dialogue about innovation among Canadians.
Document Highlights
In what ways can Canadians respond to Canada’s Innovation Strategy, recently published by the federal government?
- What if, for instance, all leaders aspired to be ‘global best’ in their respective endeavours?
- What if this global vision drove all corporate activity?
- What if this vision was reassessed regularly through a simple ‘innovation audit’?
- What if the link between innovation investments and shareholder value was made more tangible?
- What if capital markets had a credible ‘index of corporate innovation’ for comparing firms?
- What if leaders and managers made longer term investments in innovation-related processes, team building, and collaboration?
- What if executives increased training and development for their employees?
- What if mentorship and on-the-job training became core business practices?
- What if employees were regularly challenged to become global best in their jobs?
- What if all Canadians aspired to define ‘next practices’ in knowledge creation and to lead in generating value for selected global markets?
Some food for thought and discussion.
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