New Ways of Working Network

Renate Fruchter sent us an article from the McKinsey Quarterly that talks about how innovation leadership is moving abroad and what the U.S. can do about reversing this trend.

According to the authors, America is losing its innovation edge and its ability to translate innovation into economic leadership. “The problems go well beyond jobs or patents—to the heart of US economic leadership. We do not have all the answers, but we are convinced that a course correction is necessary. Incremental steps by the public sector, through one-off tax credits and piecemeal government programs, won’t be sufficient. Neither will the short-term, quarter-to-quarter mentality in America’s corporate boardrooms. A national commitment and strategy are required.”