say "hello" to innovation capital!

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Say “Hello” Say “Hello” to Innovation Capital!to Innovation Capital!

Arthur Harkins, Ph.D.John Moravec, Ph.D.

Innovation Studies

University of Minnesota

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WelcomeWelcome

What’s Innovation Capital?

An Innovation Economy?

An Innovation Society?

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Innovation Capital is the Innovation Capital is the capacity of an entity to capacity of an entity to

produce valuable change.produce valuable change.

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Innovation Economy is a Innovation Economy is a system of positive metrics system of positive metrics

produced by valuable change.produced by valuable change.

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Innovation Society is a system Innovation Society is a system of human relationships and of human relationships and

choices supported by valuable choices supported by valuable change and positive metrics.change and positive metrics.

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Continuous Innovation Society Continuous Innovation Society is Produced by the Non-Stop is Produced by the Non-Stop

Application of KnowledgeApplication of Knowledge

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An Innovation Economy An Innovation Economy Driven by Innovation Capital…Driven by Innovation Capital…

Helps people live successfully in the middle of nowhere when the middle of nowhere no longer exists

Helps people live in circumstances that can be defined but not understood

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An Innovation Economy An Innovation Economy Moves People…Moves People…

-From continuous improvement to creative destruction

-From great plans to contingencies

-From big talk to quiet resiliency

-From blind faith to bold vision

-From passive fear to strategic defiance

-From Mother Nature to Uncle Heisenberg

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Change PerspectiveChange Perspective

-3 million years Wave #0 (Hunter-Gatherer) -13 thousand years Wave #1 (Agricultural) -200 years Wave #2 (Industrial) -50 years Wave #3 (Information) Now to +20 Wave #4 (KN & Innovation) +20 to +50 Wave #5 (AI-Driven Imagination)

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Innovation EconomyInnovation Economy

Definition: “The continuous creation of new ideas and their application as value-adding marketable goods and services.”– Management’s challenge for the ‘new

millennium'– Process for converting the raw resources of

imagination into tangible outcomes– Critical to organizational transformation and

resource expansion

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Innovation EconomyInnovation Economy

– Requires strategic investments to develop/mine individual potentials

– Makes learning continuous for everyone, using cutting-edge technologies to replace memorization

– Requires shift to personalized religion and public secularism

– Requires accountability at the top as well as the middle and bottom

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What is Innovation About?What is Innovation About?

– Breaking the rules– Asking new questions – Settling for conditional answers– Balancing ‘the real world’ with simulations– Changing our minds while not losing them– Collapsing time and distance– Making everyone a functional expert in

everything

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What is Innovation About?What is Innovation About?

– SELF-MANAGEMENT– SPEAKING UP– RESPECTING THE ENEMY– TAKING RESPONSIBILITY– RETREATING FORWARD– DISTINGUISHING CONFIDENCE FROM

NARCISSISM– LISTENING TO KEILLOR RAG ON US EVERY

WEEK & GETTING THOUGHTFUL ABOUT IT

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What is the What is the Innovation Society About?Innovation Society About?

– LEADERSHIP AT HOME– LEADERSHIP AT WORK– LEADERSHIP AT SCHOOL– LEADERSHIP ON THE STREETS– LEADERSHIP IN THE AUTOMATION OF

BUREAUCRACY

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How Does Capital Function How Does Capital Function in the Innovation Society?in the Innovation Society?

– GROWING HUMAN CAPITAL– GROWING PERSONAL CAPITAL– GROWING VISION CAPITAL– GROWING COMPETENCE CAPITAL– GROWING CIVIC CAPITAL– GROWING INNOVATION CAPITAL

...IN ORDER TO GROW FISCAL CAPITAL

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Let’s Take the Idea to Let’s Take the Idea to Another LevelAnother Level

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The Innovation Society The Innovation Society is is EconomicallyEconomically AlchemicAlchemic

It makes a form of capital out of anything It turns waste into profit It turns losers into winners It moves 100% of the workforce into innovative

living, learning & working by 2010 It co-opts bureaucracy and politics by focusing on

human/personal capital development

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The Innovation Society The Innovation Society is is AbundantAbundant

In solutionsIn alternatives In choicesIn outcomesIn efficiency

…So that it can give things away that now cost beyond almost everyone’s means

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The Innovation Society The Innovation Society is is GenerousGenerous

In care for childrenIn care for the environmentIn care for freedomIn care for the poor and In care for the despisedIn care for the cynical and self-hating

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The Innovation Society The Innovation Society is Socially is Socially Way CoolWay Cool

(It NEVER employs the phrase,

‘Those People’)

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The Innovation Society The Innovation Society RequiresRequires an Innovation an Innovation

EconomyEconomy

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The Innovation Economy The Innovation Economy as a Foundationas a Foundation

Rapid knowledge refresh rates create:

-Flow of innovation and ideas from all sources

-Fast individual and collective cultures

-Institutional capability to incorporate ubiquitous variety generated by the entire population

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How the Innovation Economy How the Innovation Economy Creates Human CapitalCreates Human Capital

-Learning becomes real time with personal and social changes

-Learning moves from information downloading to knowledge creation

-Knowledge generation is linked to innovation in all ways at all times

-Software supports weaker-performing persons and groups at competency levels

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How Can You Help?How Can You Help?

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Innovation through LeadershipInnovation through Leadership

Promote WAT (Way Ahead of Time) thinking in schools and higher education

Nurture a National Innovation Corps to support an Innovation Economy

Support the MN Chapter of the National Innovation Corps with indefinite ‘enlistments’

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NEVER Retire – Set an NEVER Retire – Set an Example of Continuous Example of Continuous

Contribution!Contribution!

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Innovation Through Innovation Through YOUR LeadershipYOUR Leadership

-Support leadership skills development in schools and colleges

-Support visionaries & risk-takers everywhere-Cascade management into everyone’s work-Think between many boxes-Expect more from the top-Get Garrison Keillor’s help – right now he’s

killing us!

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Innovation Through Structures Innovation Through Structures You Help to ChangeYou Help to Change

Learning Organizations Wideband/Wide Area Networks

Continuous Flow of Innovations Knowledge Creators/Innovators/Imagineers

Personal Growth of Employees Work over Jobs; Ronin over Employees

Welcome the Innovation Society Start a War on ‘Millstone’ Legacies

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Thank you!Thank you!

Questions?Questions?