John Kao on Why the United States Needs a New Innovation Strategy
John Kao has a new book out, and talks about some of its themes in the current Strategy + Business journal from Booz Allen Hamilton. Here’s an excerpt:
There are three ingredients for innovation — human capital, idea generation, and financing — each of which is in a state of erosion in the U.S. We have to understand that this isn’t just a one-note problem, such as “our schools aren’t working well” or “we should put more money into science.” Those are knee-jerk, politically expedient answers to a complex problem. We need to address the systemic nature of the problem with a strategy. And our nation’s leaders need a way of telling the story around that strategy to create alignment throughout the stakeholder groups in society.