“Creation of a dynamic world community
in which the peoples of every nation
will be able to realize their potentialities for peace."
- Henry Morgenthau, Opening Address
Bretton Woods Conference (July, 1944)
Ours is a future to innovate. Knowledge Societies - more a function of human beings than technological innovation – should unleash the capabilities of imagination, insight and interaction. We need to convert current fiscal and political threats to opportunities; but how?
In July 1944, in the midst of the last great war, world leaders abandoned gold as a currency in the hopes it would create a less combative world stage. Today, a global knowledge commonwealth is replacing the world of nations. We are dependent upon the knowledge and success of others across organizational and cultural boundaries. The new currency of intellectual capital – properly leveraged through human, relationship and structural capital – is an asset of abundance, not scarcity. Globalization demands new rules. Old rules no longer apply; new ones are being innovated.
Leadership in the Knowledge Economy is different from the industrial or even information economies. It is an economy in which the innovation capacity of every human being, enterprise and nation is fully engaged. It is an economy in which culture and heritage are respected, commonalities are more important than differences, and aspirations can be shared. It requires a fundamental new mindset and common language to harness capabilities across a global, networked world.
The Concept of Knowledge Innovation (KI) is action with understanding and purpose – the creation, evolution and application of knowledge for the success of an enterprise, the vitality of a nation's economy, and the advancement of society. The Concept-in-Practice is a Knowledge Innovation Zone (KIZ) - a geographic, industry or virtual space in which knowledge flows from the point of origin to optimal need or use.
Until the past century, distance and communication made the movement of goods and knowledge arduous. Knowledge moved along trade routes - from the Appian Way to the Silk Road. Today, trade routes morph into trade ‘nodes’- or zones of innovation. Nurturing and managing the instantaneous flow of knowledge in these market spaces – Digital Cities, Internet Villages, and Knowledge Corridors – requires innovation strategy to replace traditional business planning practices.
BusinessWeek chief economist writes about ‘innovation economics’; and G7 discussions have expanded to G20. Economists and business leaders globally are coming to agreement: Innovation is the best way to build a future within which we all thrive. After centuries of war punctuated by uneasy peace, Europeans formed the European Union – a mechanism to erase old differences leading to ever more efficient wars. They established a common currency; and ushered the dawn of collaborative advantage. The Middle East is doing the same.
The United Nations was created to maintain political stability around the world. The World Bank and IMF were created after World War II to ensure the movement of financial capital. Today we need similar infrastructure for the worldwide flow of intellectual capital. With the recent collapse of old structures, we should architect new rule-sets to guide our collaborative innovation. We need a Bretton Woods for the Knowledge Economy - purposed to create a global innovation platform for peace and the World Trade of Ideas. History will document our success…
Innovation Strategy for the Knowledge Economy: The Ken Awakening -
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The Innovation SuperHighway: Harnessing Intellectual Capital for Collaborative Advantage -
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Knowledge Economics: Principles, Practices and Policies -
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