Look through the terrible economic news and you can just begin to see the winners who will emerge once the bad times end. For companies, countries, NGOS and even individuals, those who are taking the time to innovate in this crisis are preparing for the future. All those “saving the core” business, focussing on survival not transformation, will be at a competitive disadvantage when the global economy begins to grow again.
The demand for innovation has led the consulting firm Deloitte to team up with innovation leader John Kao (whose latest book is Innovation Nation) to launch ISLI—the Institute for Large Scale Innovation. The goal is to network innovators from around the world to focus on big challenges in economic, social and scientific spheres that shape global civic society. You know the specific problems.
The idea, according to the release is to:
” To provide a forum for leading innovation stakeholders from around the world to develop a collaborative point of view and methodologies for innovation to address global challenges;
* To focus on developing agenda setting intellectual capital and establishing advanced metrics to quantitatively capture, assess and control the progress of global innovation efforts;
* And to establish a platform for training the next generation of innovation leaders, providing them with useful management practices to take back to their home countries.”
Check out Kao talking about ISLI on YouTube.
“Global Civic Society” is an intriguing concept. The current one, built up over the past half century, is beginning to unravel. The Great Recession that is unfolding is due in large part to the globalization of financial markets—and the failure to globalize financial regulation. We have global markets for goods and capital, but not global regulation of labor or the environment or health.
As the global financial crisis leads to a global economic crisis which leads to a global political crisis, building innovation capability into the Global Civic Society is a global imperative.