Measuring innovation

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	Measuring innovation

Maureen Farrell

4-25-2008 5:17 PM

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Maureen Farrell says:

Fascinating look at how to measure innovation. Stephen Dubner, one of the author of Freakonomics, has tapped some of the leading thinkers on innovation to share their thoughts on measuring. Not surprisingly, the answers range dramatically on their ideas on how to get this done (or in some cases better not to).

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/fe074f07-c599-4523-a4fb-374ff3f44edb/6895357E-C37B-4DB0-9FC3-AE398011C7A4/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://freakonomics.blogs.nytimes.com/2008/04/25/how-can-we-measure-innovation-a-freakonomics-quorum/?hp" href="http://freakonomics.blogs.nytimes.com/2008/04/25/how-can-we-measure-innovation-a-freakonomics-quorum/?hp" style="font-size: 11px;">freakonomics.blogs.nytimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://freakonomics.blogs.nytimes.com/2008/04/25/how-can-we-measure-innovation-a-freakonomics-quorum/?hp"><P>Great organizations have faith in their future, and part of that belief is that innovation pays, even when it doesn’t. It pays because the next innovation — the one after this one — will pay. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://freakonomics.blogs.nytimes.com/2008/04/25/how-can-we-measure-innovation-a-freakonomics-quorum/?hp"><P>But the types of innovation we have mentioned thus far miss perhaps the most fundamental kind and the least appreciated kind of innovation — perhaps precisely because these innovations are so fundamental. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://freakonomics.blogs.nytimes.com/2008/04/25/how-can-we-measure-innovation-a-freakonomics-quorum/?hp"><P>What innovation over the last several hundred years has led to the most wealth creation?  </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://freakonomics.blogs.nytimes.com/2008/04/25/how-can-we-measure-innovation-a-freakonomics-quorum/?hp"><P>I was once asked this by a group that was hoping I would say it was the microprocessor. But no, my guess was that it was the creation of the modern corporation (Ltd. in the U.K., Inc. in the U.S.). </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://freakonomics.blogs.nytimes.com/2008/04/25/how-can-we-measure-innovation-a-freakonomics-quorum/?hp">The great innovation in the modern corporation was ownership without liability. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://freakonomics.blogs.nytimes.com/2008/04/25/how-can-we-measure-innovation-a-freakonomics-quorum/?hp">patents may represent land grabs in the intellectual space, rather than innovation,</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/6895357E-C37B-4DB0-9FC3-AE398011C7A4/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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