- Stefan Endriss
CEMS - Community of European Management Schools and International Companies
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Is our age of innovation actually an age of stagnation?
Sure, there's been plenty of innovative ideas and solutions recently and over the past 20 years. The internet and, as an addition to it, mobile has brought us a lot of useful innovations that changed the way we live and do business. If you only think about how much easier our life and especially doing business has become through E-Mail and online banking for example. but this is the point: All the big innovations that took place over the last decades have been linked to IT, internet and mobile, while other areas of greatest importance see a surprising stagnation, especially if you take into account that todays computing power should accelerate innovations in these other fields too. Take the automobile and aircraft industry: We're basically driving the same cars (from a technological point of view) and flying in the same planes as we did fifty years ago. No doubt, there has been progress in safety, comfort and fuel consumption, but this seems to be slow development, what's lacking is any disruptive innovation. So, is a lot of the stuff thats labelled innovation actually "product development", which in my oppinion, usually doesn't qualify as innovation? How to foster disruptive innovations in these fields?