The literature on innovation is considerably longer than my arm. It can be summarized as follows: Innovation is either a machine or a magic garden. Because it is a machine, companies should design it, oil it, power it up, and manage it. Because it is a garden, companies should create conditions under which it can flourish, stand back and let the magic occur, then harvest it. Innovation is both of course. That’s a management problem.
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original source: The Wealth of Knowledge: Intellectual Capital and the Twenty-First Century Organization, NY: Random House, 2001, p. 183.