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From Imagination to Innovation - New Product Development for Quality of Life (Paperback, 2011 ed.)
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From Imagination to Innovation - New Product Development for Quality of Life (Paperback, 2011 ed.)
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It is impossible to measure the full economic and psychological
benefits of the sewing machine, the polio vaccine, or the Internet.
What we know is that these products have changed our lives for the
better, generating net benefits well beyond the metric of corporate
profits. As forces such as financial market volatility and
fragmented markets demonstrate the fragility of the global economy,
the imperative to develop products and services that contribute to
the well-being of the many-rather than the few-is more pronounced
than ever. In this book, A. Coskun Samli explores this imperative
of an "innovation culture" and how it can be encouraged at all
levels, from the individual to the nation or region. He argues that
without a global innovation culture, committed to generating
socially valuable products, we are likely to face a deteriorating
quality of life, as wealth is concentrated at the top. Integrating
insights from management, economics, policy, and psychology, Samli
demonstrates how creativity can be channeled into innovation and
innovation can be channeled, in turn, toward economic development.
He discusses how national policies can be oriented toward
encouraging such socially beneficial innovations as sustainable
energy, communication technology, and medical discoveries. The aim
is to promote the development of products and services that improve
quality of life and generate profits for those who invest in them.
He argues that all innovations, whether radical or incremental,
must demonstrate social value in order to be truly profitable.
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