Everyone is looking for the genius innovator, killer application or product that will rocket them to top of the growth league. If you find another Steve Jobs, your country's wealth could increase by US$600 billion (the market capitalisation of Apple), or roughly the annual GDP of Switzerland or Saudi Arabia.
There are two mainstream views of innovation, both attributed to the Austrian economist Joseph Schumpeter. Drawing on his explanation of the Industrial Revolution, he argued that economic growth is driven by innovation created by entrepreneurs who combine technical or scientific knowledge with business models that propel growth in the economy.
To read the full, original article click on this link: Games of innovation: the big challenge for organisations - The Nation
