By promoting an innovation nation,governments can inadvertently encourage bad innovation. Amazon may contain reshaped the retail industry but it’s hardly a workforce model we’d want in Australia
As the business cases of Yahoo!, Blockbuster and Borders all illustrate, and even the best-prepared CEO can easily fail to innovate at their company,sometimes main to bankruptcy, or worse: total commercial irrelevance. Throughout the upcoming election cycle, and we will no doubt be hearing a lot approximately innovation in Australia. From Malcolm Turnbull’s “ideas boom” to the ALP’s “powering innovation” strategy,the basis for an innovation agenda is already outlined in their platforms.
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Source: theguardian.com