Innovation: Creativity versus discipline

Zusammenfassung

At the beginning of the third millennium, innovation is in. Billions of Dollars from pension funds and corporate profits have to be invested and investment is possible only where something new is happening, where the old is destroyed and the new asks for resources: We write off our computers within three years just to make use of new application software. Banks, universities, industrial enterprises and individuals are speeding up innovation: But how to achieve efficiency in undertakings without routines? Do we need the genius of an Edison or the disciplined routines of the pharmaceutical approval process? Economic innovation has come a long way from nineteenth century art to twenty-first century routine.