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Planning for Growth: Innovation

There is a clear message that comes from the modern literature about competitiveness. In a knowledge economy, competitiveness is closely tied to innovation. However, innovation is not a linear process from men in white coats in laboratories through to a commercially successful product. Indeed many innovations that are brought to the market come from companies that do not have an R and D function. Rather innovation comes from multiple feedbacks, absorbing messages from customers, sharing tacit knowledge, a willingness to experiment. Thus regions can be important catalysts for innovation. How do we build these insights into plans for growth? Continue reading