08/09/2023
Listen to Executive Director, Garwood Center for Corporate Innovation, Executive Director, Center for Growth Markets. Garwood Center for Corporate Innovation hailed as Father of the Smart Village Movement as he shares his thoughts on “Business Models Innovation in Contemporary Society: Best Practice” at the VI International Economic Forum under the theme OPEN INNOVATION: from the Creativity of the Individual to an Innovative Science-Based Economy on SEPTEMBER 21-22, 2023 at The Institute of Economics of The Latvian Academy of Sciences
Collective intelligence is essential as our brains are too small. We cannot say to others that we do not need them as we need global brainpower to solve a crisis. For this reason, God created us to be interdependent to care for one another -we are our brother’s keeper. “The solutions are already here – but they need to come together – as they are not evenly distributed". We are now realizing that there is a dire need in this world for benevolent leadership on the planet. At a time of crisis, innovation is critical to accelerating solutions but we need to tap into the global brain for latent ideas and IP that are already available to the world. To quote William Gibson "The future is already here – it's just not evenly distributed". To paraphrase his quote "All the solutions and technology needed are here already in people's minds but they are not together. It is like all the pieces of the puzzle are on the table but they need to be brought together. This takes the "Open Innovation" process at a time like this to accelerate solutions. Modern businesses need to embrace “open innovation” for success, which means sourcing ideas and solutions from a wide range of people and organisations outside their own organisation to boost productivity and bring innovation. Many global leaders in industry are embracing ‘open innovation’ as a progressive business strategy. It has enormous potential across all industries, not just in technology. Businesses must skilfully combine the principles of open innovation, adapting both internal and external ideas to enhance efficiency, resulting in progress for their organisations and the industry as a whole
VIinternationalEconomicForum, , DrNinaLinde