To remain a leader in innovation, the United States needs the support of foundational institutions that help seed, grow, and renew enterprises. Historically, these institutions--such as universities, venture creators, labor markets, and job-training programs--have tended to operate in silos. But they are far more effective when they're networked. By collaborating to bridge the gaps between them, business, academic, and policy leaders can help generate more ideas, start-ups, company growth, global competitors, and prosperity. In this article, Harvard Business School's Rosabeth Moss Kanter outlines an agenda for strengthening the links between key institutions. Leaders, she argues, should focus on four goals: 1) Linking knowledge creation to venture creation to speed the conversion of ideas into market-ready enterprises; 2) Linking small and large enterprises to promote the growth of younger companies and revitalize large corporations through partnerships with innovative SMEs; 3) Improving the match between education and employment opportunities, through apprenticeship programs and other education-industry links; and 4) Linking leaders across sectors to develop regional strategies and produce scalable models. In all four of these areas, promising models have already begun to emerge. By highlighting the most successful ones and what can be learned from them, Kanter shows how America can create a richer, more competitive business ecosystem.
Read the article here.
Read the working paper, "Enriching the Ecosystem: Forging the Missing Links Between Innovation, Enterprises, and Jobs", here.