Sustaining U.S. Innovation
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1. How do we sustain innovation in U.S.-based organizations when we outsource most value-creation activities?
2. Will U.S. be just focusing on service innovation in this century?
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Solution Summary
The solution discusses how to sustain U.S innovation.
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1) U.S. innovation is fueled first and foremost by the pursuit of profit. Business enterprises develop newer, better and more efficient products and intellectual property in an effort to compete in the marketplace. As long as US companies are allowed to pursue profit in a competitive marketplace that is not overly burdened by regulation, innovation will naturally flourish.
The "value creation" ...
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