Items tagged with innovation:
News & Updates:
America’s clean energy economy is growing: about 3 million people in the United States work in the clean energy economy, one out of 50 new jobs in 2016 was in the solar industry, and solar industry jobs are expected to increase another 10 percent in the next year. 
Professor Mauro Guillen writes for the World Economic Forum on why larger companies may be the most important drivers of innovation going forward.
“Perhaps the single most important factor in the future development of technology will not be the process of innovation itself but how effectively companies align themselves with large transformations in the marketplace so that they can gain scale quickly.”
One of the countless attributes on which America prides itself is having the most powerful economy in the history of the world. In many ways, this pride is hardly ill-placed—the numbers speak for themselves. The International Monetary Fund lists the 2016 U.S. nominal GDP at over $18.5 trillion, exceeding China (in second place) by over $7 trillion .
Faculty Affiliate Michael Useem comments on the recent phenomenon, where legacy companies are struggling to compete with their silicon valley counterparts. He and others note that leadership plays an important role in this.
He comments, “who ever thought Ford would be competing with Google? But they are, and Mark Fields wasn’t moving fast enough.”
The advent of the Internet has led to the proliferation of technology startups in the United States, be it Uber, AirBnb or Snap. With buzzwords like “block chain”, “sharing economy”, “3D-printing”, “artificial intelligence”, “gene therapy” and more, it appears we live in an age of perpetual innovation and entrepreneurship. However, the pace of innovation in the United States, by some metrics, has stagnated over the last decade.