Note the five key themes with Individual as an "entrepreneur" and the role of government at all scales as being of "re-engineering society".
How can Public Policy Encourage Innovation and Entrepreneurship?The
Rueschlikon Conference on Information Policy , chaired by Professor Viktor Mayer-Schoenberger , just released its latest conference report on Innovative Entrepreneurship and Public Policy . The report, authored by Kenneth Cukier , includes recommendations for what public policy can do to encourage innovation and entrepreneurship. The executive summary suggests five recommendations.
- Entrepreneur: The Individual – Innovation starts with a "random walk" in "design space," where ideas can be incubated and challenged. Investing in education is crucial, as is softening the consequences of failure.
- Social Networks: The Group – The relationships among people, firms and nations help determine the degree of diversity they are exposed to, which influences inventiveness. Supporting the interactions across groups is essential.
- Organizing R&D: Universities and Firms – A networked-model based on connections, collaboration, flat hierarchies, modularity and constant "re-writing" is required. This enables groups to respond successfully to discontinuities.
- Creating Clusters: Geographic Areas – Places where finance, technical talent, legal, accounting and marketing support intermingle aids the innovation process. Yet it should ideally be technology-neutral, and not reliant on one technical domain.
- Public Policy: The Role of Government (Municipal, Regional, National) – Reengineering society for a networked economy requires resources, patience and ceding control International cooperation with new stakeholders is imperative.
The full report with the title Hero with a Thousand Faces is available online .
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