Tackling Societal Challenges through innovation ecosystem application

Tackling Societal Challenges through innovation ecosystem application

Innovation is failing to solve the major issues facing society today, from global warming to declining natural resources. Our approach to innovation is too focused on incremental advancements and new technology, while we need to adopt radical thinking and focus on building relationships and collaborations to find solutions to big, hairy, audacious gaps. This requires a paradigm shift in economic thinking and a new platform for building innovative capability through highly collaborative, trusting relationships.

View

More Innovation Resources:

7 Psychological Facts That Help Understand Customers Better

Understanding customer behavior is key to driving sales, and psychology can help businesses achieve this. Here are seven psychological concepts to employ in sales strategies.

View

Impact Assessment: The Innovation Paradigm Shift that is Coming

The focus of innovation is shifting from just profit to social impact, leading to the rise of social innovation. Governments and corporations are embracing social innovation with favourable frameworks and funding initiatives. However, measuring impact is still a challenge, thus social impact assessment has become an indispensable tool for social innovators.

View

What are the Types of Innovation in Entrepreneurship?

Innovation is key to business expansion. Learn about the types of innovation in entrepreneurship and how MIT ID Innovation can help create future innovation leaders.

View