“We need to out-innovate, outeducate, and outbuild the rest of the world”
– United States President Barack Obama
In the quote above the American President implies that it is somehow the role of the government to drive innovation? But can they? And should they?
Governments and leaders around the world spend a great deal of time talking about innovation and its importance to their economies, but nearly all political leaders and governments have no idea about how to actually foster innovation.
There is a model for how governments can encourage innovation, and boost the performance of their economy as a result, and it is really quite simple. I call it the ICE Model of Innovation, and…