Abstract
A new world order is emerging. The current US and Western European globalized economy will be transformed dramatically by the emergence of at least four game changers: sustainability, Internet of Things and Industry 5.0, new dominant players with different rules and the new world economy. In fact a new world growth curve for the coming decades will emerge. It is demonstrated that the Western invented globalized world will be replaced by new growth cycles requiring strategic innovations at firm, industry and macro level. This creation of a whole new world goes far beyond the Technological Frontier. Strategic Innovation as a Growth Cycle creator will replace technology competition in the worldwide race for growth and development. The confrontation between Strategic Innovation and the Technological Frontier is at the core of this chapter. Strategic Innovation as the Money Maker Model beats the Technological Frontier or the Money Taker Model. Strategic Innovation is the solution for Russia and is the new basis of its future National Innovation System.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsNotes
- 1.
A distinction can be made of third wave into a third (microelectronics) and a fourth (Big Data). However, in our opinion, as proven by Someren (1991b), continuous innovation makes a discussion on number and start of waves obsolete. Here it is only used for clarification of our topic strategic innovation.
- 2.
Remark made during lecture by Someren, T. C. R. van, Strategic innovation, Creating Russian future aerospace stars, Saint Petersburg State University of Aerospace Instrumentation, Russia, 14 March 2014.
- 3.
Basic format by team research.
Literature
Baily, M. N., & Manyika, J. (2015, September 12). Het Internet of things heeft enkele belangrijke horden te nemen, Het Financieele Dagblad. Outlook.
Bjerga, A. (2015). The great plains’ looming water crisis. Accessed September 12, 2015, from http://www.bloomberg.com/news/articles/2015-07-02/great-plains-water-crisis-aquifer-s-depletion-threatens-farmland
Braxton Little, J. (2009). The Ogallala Aquifer: Saving a Vital U.S. Water Source. Accessed September 15, 2015, from http://www.scientificamerican.com/article/the-ogallala-aquifer/
Business Intelligence. (2015). The Internet of things, report, China’s lead in Industry 4.0, Updated: 2015-04-02 10:52.
China Daily. (2015). China’s lead in Industry 4. 0, Updated: 2015-04-02 10:52. Accessed 13 September 2015.
European Parliament. (2015). Can Russia ever catch up? European Parliamentary Research Service (EPRS). Author: Martin Russell, Members’ Research Service, March 2015—PE 551.320.
Marren, P. (2011). New scramble for Africa; a presentation by at the AEFJN AGM 11 November 2011.
Russia Direct (2014). The future of Russian innovation economy, No. 6, September 2014.
Someren, T. C. R. van. (1990). Organisational innovation. Tinbergen Institute Research Bulletin, 2(1), 65–73.
Someren, T. C. R. van. (1991a). Emulation and organisational change. In M. Perlman & F. M. Scherer (eds), Entrepreneurship, technological innovation, and economic growth. Ann Arbor, MI: The University of Michigan Press.
Someren, T. C. R. van. (1991b, June). Innovatie, Emulatie en Tijd. De rol van de organisatorische vernieuwingen in het economische proces. Dissertation, Tinbergen Institute Research Series, no. 9.
Someren, T. C. R. van. (1995a). Sustainable development and the firm: Organisational innovations and environmental strategy. Business Strategy and the Environment, 4(1), 23–33.
Someren, T. C. R. van. (1995b). Umwelt-Cost-Controlling. In Volkswagen Seminar Umweltcontrolling, 9 November 1995, Braunschweig.
Someren, T. C. R. van. (1997). Greening economies in transition. Some practical aspects based on a case study in Eastern Europe. In 6th International Conference of the Greening of Industry Network, November 18, 1997, Santa Barbara.
Someren, T. C. R. van. (1998a). Strategies for sustainable profits. In International BMW Top Management Seminar, 17 September 1998, Dietramszell.
Someren, T. C. R. van. (1998b). Strategies for sustainable profits. In International Shell Seminar Managing HSE in the Business, 7 December 1998, Noordwijkerhout.
Someren, T. C. R. van. (2005). Strategische Innovationen. So machen Sie Ihr Unternehmen einzigartig [Strategic innovation. How to make your organization unique]. Wiesbaden: Gabler Verlag.
Someren, T. C. R. van. (2010). Lecture ‘Strategic Innovation and Sustainability’. RTL Masterclass, Breukelen, 31 March 2010.
Someren, T. C. R. van. (2014a, March 14). Strategic innovation, Creating Russian future aerospace stars. Lecture for Saint Petersburg State University of Aerospace Instrumentation.
Someren, T. C. R. van. (2014b). Strategic innovation theory as an alternative for the paradigm of technological innovations. In Modern Information Society Formation – Problems, Perspectives, Innovation Approaches, The management Paradigm of Technological Innovations in the Structure of Scientific and technical Progress: Science, Education, Industry. Proceedings of the 15th International Forum, Saint Petersburg, TOM 2 (pp. 17–32).
Someren, T. C. R. van. (2015a). peгиoнaльный pocт и paзвитиe в poccии: путь cтpaтeгичecкиx иннoвaций [Regional growth and development in Russia by strategic innovation]. Regionalistica, Tom 2(1), 6–22.
Someren, T. C. R. van. (2015b, April). Exporteren wordt strategisch innoveren. Globe Magazine, (397), 38–41
Someren, T. C. R. van, & Someren-Wang, S. van. (2009, December 9). Klimaattop? Welnee, er wordt een markt verdeeld. Trouw, 29.
Someren, T. C. R. van, & Someren-Wang, S. van. (2011, November 30). China speelt in coulissen grote rol in Durban. Trouw, 19.
Someren, T. C. R. van, & Someren-Wang, S. van. (2012). Green China. Sustainable growth in East and West. New York: Springer Verlag, Management for Professionals.
Someren, T. C. R. van, & Someren-Wang, S. van. (2013a). Innovative China. Innovation race between East and West. New York: Springer Verlag, Management for Professionals.
Someren, T. C. R. van, & Someren-Wang, S. van. (2013b). New world order and strategic innovation (on Article of Yong-Chool Ha, Beom-Shik Shin “The Development of Russian Far East and Eastern Siberia and the Future of Northeast Asia”). Spatial Economics, 3, 178–183 (translated by Prof. Boris Krasnopolski, нoвый миpoвoй пopядoк и cтpaтeгичecкиe иннoвaции (o cтaтьe ён-чул xa, бoм cик шинa “paзвитиe poccийcкoгo дaльнeгo вocтoкa и вocтoчнoй cибиpи и будущee ceвepo-вocтoчнoй aзии”).
UNEP. (2011). Towards a green economy: Pathways to sustainable development and poverty eradication. Accessed September 12, 2015, from www.unep.org/greeneconomy
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2017 Springer International Publishing Switzerland
About this chapter
Cite this chapter
van Someren, T.C.R., van Someren-Wang, S. (2017). The Solution: Strategic Innovation Money Maker Model Versus Technology Frontier Money Taker Model. In: Strategic Innovation in Russia. Springer, Cham. https://doi.org/10.1007/978-3-319-41081-4_2
Download citation
DOI: https://doi.org/10.1007/978-3-319-41081-4_2
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-41080-7
Online ISBN: 978-3-319-41081-4
eBook Packages: Economics and FinanceEconomics and Finance (R0)