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Let's Increase Our Innovation Capacity This Year

Jan 2 2014, 11:31am CST | by

Let's Increase Our Innovation Capacity This Year
Photo Credit: Forbes

Since this is a time when many of us set new goals for the upcoming year, I thought about what a New Year’s resolution for the U.S economy would look like. As I am reflecting on the discussions I had with business leaders, policymakers, academics and economists in 2013, it’s clear to me that America needs to do one thing in particular to maintain its global economic competitiveness:

We need to increase our innovation capacity to capture new trends, take advantage of emerging technologies, re-energize our manufacturing sector, provide opportunities to disconnected populations, and accelerate the pace at which we grow our businesses and create jobs.

In 2013, as I took a close look at how my own organization operates, I spend a lot of time thinking about what makes companies great; how we can leverage the diversity of our workforce;  what it means for companies to innovate, grow and succeed; and what will shape the future of American manufacturing.

I had the pleasure to discuss these topics in roundtable discussions with the Administrator of the Small Business Administration and the Secretary of the Treasury, at an inclusion summit at Stanford University, and at a manufacturing roundtable discussion at Brookings, among many other events.

One of the key ideas I take away from 2013 is that America’s ability to innovate will have to be driven by authentic leaders committed to creating values-based, inclusive organizations. Personally, I examined what type of leader I want to be and how I can successfully balance my work and private life.

In 2014, NorTech’s focus will be on helping businesses and research institutions accelerate the pace of innovation in Northeast Ohio. I will spend much time here writing about strategies that can make this happen for companies, institutions and regions across the country. As always, I welcome your thoughtful insights.

In the meantime, I’d like to share with you my recent TEDx talk titled, “Getting A GRIP On Innovation.” It captures some of the things I outlined above:

Have a happy and successful new year!


Source: Forbes

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