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This book explores the parallels between the Renaissance during the
14th to 16th centuries and the upheavals in human and physical
sciences in the 21st Century that herald an insurgent
entrepreneurial renaissance. The first Renaissance, conceived and
developed in an urban environment, with the Medici family in
Florence as pioneers, was a melting pot of art, culture, science
and technology. It is in that context that entrepreneurship derived
from artisan tradition and, hence, customized, was born to meet the
demands and anticipate the needs of individual consumers. Starting
with the mechanical technologies of the first industrial
revolution, art, culture and science became separated from
entrepreneurship. The latter took on Fordist features which
depersonalized and, therefore, standardized the producer-consumer
relationship. The emerging model of entrepreneurship returns to its
origins in customization (e.g., 3D printing technologies,
sharing/on-demand economy) strongly linked to the sequence
"art-culture-science-technology." The road to a new entrepreneurial
renaissance is traveled by cities with creative communities. These
communities actively participate in promoting international talent
mobility, encouraging connections among the knowledge nomads who
move around the world and the resources and talents rooted locally.
Brought back to life under the conditions of the current age,
entrepreneurship is once again woven into the fabric of art,
culture, science and technology, and contributing to civic identity
and pride. Featuring case studies from local experts that highlight
innovative initiatives and developments in diverse cities around
the world, this book aims to stimulate deep thought, theories and
applications in the fields of entrepreneurship and innovation.
This book presents readers with the opportunity to fundamentally
re-evaluate the processes of innovation and entrepreneurship, and
to rethink how they might best be stimulated and fostered within
our organizations and communities. The fundamental thesis of the
book is that the entrepreneurial process is not a linear
progression from novel idea to successful innovation, but is an
iterative series of experiments, where progress depends on the
persistence and resilience of the individuals involved, and their
ability and to learn from failure as well as success. From this
premise, the authors argue that the ideal environment for new
venture creation is a form of "experimental laboratory," a
community of innovators where ideas are generated, shared, and
refined; experiments are encouraged; and which in itself serves as
a test environment for those ideas and experiments. This
environment is quite different from the traditional "incubator,"
which may impose the disciplines of the established firm too early
in the development of the new venture. Featuring case examples of
start-ups across a wide spectrum of industries, from Wikipedia to
Ryanair, the authors explore the qualities of successful
innovation, including a high tolerance of risk and unpredictability
and commitment to building knowledge enterprises that value
intangible assets. This volume is a clarion call to those in
academia, enterprise, and government who seek to work together to
promote innovation and entrepreneurship, with a stark message for
academic institutions: engage or be left behind.
The Springer book series Innovation, Technology, and Knowledge
Management was launched in March 2008 as a forum and intellectual,
scholarly "podium" for global/local, transdisciplinary,
transsectoral, public-private, and leading/"bleeding" -edge ideas,
theories, and perspectives on these topics. The book series is
accompanied by the Springer Journal of the Knowledge Economy, which
was launched in 2009 with the same editorial leadership. The series
showcases provocative views that diverge from the current "conv-
tional wisdom," that are properly grounded in theory and practice,
and that consider 1 2 the concepts of robust competitiveness,
sustainable entrepreneurship, and demo- 3 cratic capitalism,
central to its philosophy and objectives. More specifically, the
aim of this series is to highlight emerging research and practice
at the dynamic intersection of these fields, where individuals,
organizations, industries, regions, and nations are harnessing
creativity and invention to achieve and sustain growth. Books that
are part of the series explore the impact of innovation at the
"macro" (economies, markets), "meso" (industries, firms), and
"micro" levels. (teams, indi viduals), drawing from such related
disciplines as finance, organizational psychology, research and
development, science policy, information systems, and 1 We define
sustainable entrepreneurship as the creation of viable, profitable,
and scalable firms. Such firms engender the formation of
self-replicating and mutually enhancing innovation networks and
knowledge clusters (innovation ecosystems), leading toward robust
competitiveness (E.G. Carayannis, International Journal of
Innovation and Regional Development, 1(3), 235-254, 2009).
A profile in socio-technical terms of ways and means that
innovation is manifested in select American, European and Asian
knowledge-based innovation networks and knowledge clusters, this
book: is cross-disciplinary, and has multi-national perspectives on
Schumpeterian ideas; contains empirical testing of theories on
research and collaboration; addresses key multinational concerns in
science and technology policy; and presents a new model for
competitiveness through innovation and cooperation. Twelve
conceptual and empirical studies are presented that contribute to a
better understanding of the role of knowledge in technological
entrepreneurship.
We are now entering a new entrepreneurial economy, as we have
shifted away from an industrial economy. This sharing economy has
created a new paradigm of aggregation of individuals. It is around
these communities organized into categories (workers, employees,
executives, entrepreneurs, professionals) that the legislation
takes shape. If public policy intends to give voice to the sharing
communities, then it needs to enact pro-entrepreneurship policies,
and move away from policies that cater to the old industrial
economy. This can be done by facilitating experiments and studies
of entrepreneurial ventures and start-ups. There is no work at the
crossroads of economics and entrepreneurship such as this. Formica
explains why public policy now needs to shift towards the
entrepreneurial economy, and how this can be done. Employing
illustrative examples, this book focuses on the crucial role of
policies to support entrepreneurs and establish the right
environment for new business development and rapid conversion of
ideas into enterprises that contribute to booming economic growth
and prosperity.
Bringing together a diverse collection of authors to examine the
concept of One Health - the interlinking of the economy and the
health of humans, other living beings, and nature - Piero Formica
investigates how transformative enterprises and advanced
technologies can improve the health of the planet and its people.
Exploring topics such as organizations as organisms, innovation and
sustainability, healthcare and wellbeing, citizen engagement and
more, One Health is a truly transdisciplinary collection.
Advocating for an economically sustainable and harmonised future,
the overarching and widely applicable subject matter appeals to
both academia and policymakers and businesses, trade associations,
foundations, business incubators, and health organizations.
Acclaimed entrepreneurship and innovation scholar Piero Formica,
along with a strong and diverse cast of international contributors,
explore the world of Open Innovation in this volume. Tackling new
developments in the field, the authors examine altruism and the
role of openness to unorthodox and unconventional experimentation
as the newest arena to create modern knowledge resources and
entrepreneurial ventures.
This book explores the parallels between the Renaissance during the
14th to 16th centuries and the upheavals in human and physical
sciences in the 21st Century that herald an insurgent
entrepreneurial renaissance. The first Renaissance, conceived and
developed in an urban environment, with the Medici family in
Florence as pioneers, was a melting pot of art, culture, science
and technology. It is in that context that entrepreneurship derived
from artisan tradition and, hence, customized, was born to meet the
demands and anticipate the needs of individual consumers. Starting
with the mechanical technologies of the first industrial
revolution, art, culture and science became separated from
entrepreneurship. The latter took on Fordist features which
depersonalized and, therefore, standardized the producer-consumer
relationship. The emerging model of entrepreneurship returns to its
origins in customization (e.g., 3D printing technologies,
sharing/on-demand economy) strongly linked to the sequence
"art-culture-science-technology." The road to a new entrepreneurial
renaissance is traveled by cities with creative communities. These
communities actively participate in promoting international talent
mobility, encouraging connections among the knowledge nomads who
move around the world and the resources and talents rooted locally.
Brought back to life under the conditions of the current age,
entrepreneurship is once again woven into the fabric of art,
culture, science and technology, and contributing to civic identity
and pride. Featuring case studies from local experts that highlight
innovative initiatives and developments in diverse cities around
the world, this book aims to stimulate deep thought, theories and
applications in the fields of entrepreneurship and innovation.
This book presents readers with the opportunity to fundamentally
re-evaluate the processes of innovation and entrepreneurship, and
to rethink how they might best be stimulated and fostered within
our organizations and communities. The fundamental thesis of the
book is that the entrepreneurial process is not a linear
progression from novel idea to successful innovation, but is an
iterative series of experiments, where progress depends on the
persistence and resilience of the individuals involved, and their
ability and to learn from failure as well as success. From this
premise, the authors argue that the ideal environment for new
venture creation is a form of "experimental laboratory," a
community of innovators where ideas are generated, shared, and
refined; experiments are encouraged; and which in itself serves as
a test environment for those ideas and experiments. This
environment is quite different from the traditional "incubator,"
which may impose the disciplines of the established firm too early
in the development of the new venture. Featuring case examples of
start-ups across a wide spectrum of industries, from Wikipedia to
Ryanair, the authors explore the qualities of successful
innovation, including a high tolerance of risk and unpredictability
and commitment to building knowledge enterprises that value
intangible assets. This volume is a clarion call to those in
academia, enterprise, and government who seek to work together to
promote innovation and entrepreneurship, with a stark message for
academic institutions: engage or be left behind.
We live in the Age of Knowledge but we are heading towards the Age
of Imagination. However, our current education systems still divide
arts and business, juxtaposing them as different worlds, apparently
ignoring the essential truth that imagination is the springboard of
innovation. For business to continue to evolve, the barriers to
creativity and innovation must be lowered. In Innovation and the
Arts: The Value of Humanities Studies for Business, editors Piero
Formica and John Edmondson bring together a cast of expert
contributors to explore how arts education can transform future
business and social endeavours by developing empathy and enhancing
skills frequently identified as lacking in graduates entering the
workplace. Looking at arts and humanities across the broad spectrum
of business and social innovation, and in the context of business
education, examples of entrepreneurial and innovative developments,
and the nature of the innovative mind, the contributors show how
underdeveloped empathy and creativity constrain innovation. Art is
disruptive, and innovation requires disruption to thrive. By
dwelling on the need for the convergence of business, innovation
and the arts, Innovation and the Arts highlights the inestimable
value of lowering the psychological, organizational and
institutional barriers that keep them apart. For educators and
practitioners, this is an in-depth discussion designed to stimulate
awareness of the issues facing business education.
The Springer book series Innovation, Technology, and Knowledge
Management was launched in March 2008 as a forum and intellectual,
scholarly "podium" for global/local, transdisciplinary,
transsectoral, public-private, and leading/"bleeding" -edge ideas,
theories, and perspectives on these topics. The book series is
accompanied by the Springer Journal of the Knowledge Economy, which
was launched in 2009 with the same editorial leadership. The series
showcases provocative views that diverge from the current "conv-
tional wisdom," that are properly grounded in theory and practice,
and that consider 1 2 the concepts of robust competitiveness,
sustainable entrepreneurship, and demo- 3 cratic capitalism,
central to its philosophy and objectives. More specifically, the
aim of this series is to highlight emerging research and practice
at the dynamic intersection of these fields, where individuals,
organizations, industries, regions, and nations are harnessing
creativity and invention to achieve and sustain growth. Books that
are part of the series explore the impact of innovation at the
"macro" (economies, markets), "meso" (industries, firms), and
"micro" levels. (teams, indi viduals), drawing from such related
disciplines as finance, organizational psychology, research and
development, science policy, information systems, and 1 We define
sustainable entrepreneurship as the creation of viable, profitable,
and scalable firms. Such firms engender the formation of
self-replicating and mutually enhancing innovation networks and
knowledge clusters (innovation ecosystems), leading toward robust
competitiveness (E.G. Carayannis, International Journal of
Innovation and Regional Development, 1(3), 235-254, 2009).
A profile in socio-technical terms of ways that innovation is
manifested in American, European, and Asian knowledge-based
innovation networks and knowledge clusters. Twelve conceptual and
empirical studies are presented that contribute to a better
understanding of the role of knowledge in technological
entrepreneurship.
The intertwining of Economics, Knowledge and Renaissance,
introduced by Piero Formica in this book as 'Econaissance', fosters
the culture of entrepreneurialism, and imagines the reawakening of
learning and culture. Acknowledging that schools of thought
inherited from the past must be reimagined to give birth to this
new age, this book maps out how stakeholders across society can
become agents of this unique pathway to economic development.
Formica offers readers an innovative perspective, asking not just
how me might do better what we already do, but also how we can
engage in activities beyond the economic sphere, and help to usher
in the dawn of a new renaissance age that acts on the principles of
human knowledge as well as the economy. In doing so, Econaissance
highlights the figure of the 'Ideator', the polymath of the
twenty-first century, set to become the ultimate athlete of social
progress fuelled by sustainable and environmentally friendly
economic development. This book will equip educators, scientists,
innovators, entrepreneurs, and more to play a part in this imagined
future.
In an age where knowledge is so easily disseminated, the modern-day
workplace, and roles as we know them, are beginning to transform.
As ideation establishes itself as a concept, if put into action, it
could help to create and form a more transformative entrepreneurial
future generation. It will be the actions of many ideators that
will motivate and contribute to the post-pandemic economy, and this
becomes even more tangible as fewer people occupy predetermined and
fixed positions in companies. By moving from the economy of mass
production to knowledge-driven entrepreneurship, value creation is
embedded in the lifeblood of ideas in action (the 'ideation'),
combined, shared with investors, disseminated territorially, and
adapted to the conditions of individual communities. Ideators:
Their Words and Voices presents the concept of ideation and its
applications in a thorough yet accessible format, focusing on the
process of idea creation, and also presents a series of
protagonists of creativity and innovation who will reflect on their
own career changes.
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