Estonian Television did an interview with Jaan Männik, the Head of Council of the Bank of Estonia. Mr Männik stated that the only way out of the economic crisis is innovation. He was right. He also stated that innovation is something you cannot just start doing as it is more like a state of mind or something like writing a book or composing a song. I disagree with that.
Innovation, open-innovation and organizational dynamic capabilities are systematic procedures. There are numerous books and methodologies written on the subject. For example by David J. Teece or Henry Chesbrough. To start innovation a company has to learn these subjects, invest time and money into them and just start doing. It is the same thing as implementing ISO standards or ITIL IT management procedures. Like ISO and ITIL innovation takes time is difficult and expensive.... and perhaps boring :-). But still it is not art or something magical.
Nokia did not just happen in Finland it happened thanks to good Finnish education system.
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