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most breakthrough innovations occur at the intersection of fields 12 . In order to achieve this
however, fiscal and managerial autonomy of institutions of higher education are essential.
Quality of Research & Collaborations
In order to improve the quality of PhDs and the research coming from universities, a greater
emphasis needs to be paid on the research work of the faculty and performance incentives
need to be aligned accordingly. Moreover, grants and funding through collaboration with
government (social utility projects) and industry (blue skies projects); will play a major role
in the emergence and subsequent successful execution of breakthrough ideas. 12 Frans Johannson (2006), The Medici Effect 14 | P a g e Corporate/ Organizational Initiatives Breakthrough innovations that do not appear useful to customers today may squarely address
their needs in the future. Therefore, a long-term orientation is essential for providing
breakthrough innovations, in order to be able to successfully “ride the curve”. This can be
done by aligning the incentives of the key decision makers accordingly.
Figure 6: Need for Long Term Orientation in face of Radical Innovation In order to ensure that no idea is sacrificed at th...
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This document was uploaded on 01/14/2014.
- Winter '14