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The Crucial Role of Universities in Promoting Radical Innovation

In: The Business Growth Benefits of Higher Education

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  • Martin Binks

Abstract

The terms ‘knowledge economy’ and ‘information society’ are used quite loosely to describe the age in which we live. Universities, as a repository of both knowledge and information, ought to be at the forefront of this brave new world; but are they? The real challenge of innovation today is not technological innovation, it’s institutional innovation. We have to start inventing new types of institutions that can stay in step with the information age. John Seely Brown (ex-Chief Scientist of Xerox Corporation and the director of PARC, the Palo Alto Research Center) interviewed by Mark Stevenson in his ‘An Optimist’s Tour of the Future 2011 Knowledge used to be hard to acquire, and the difficulty of amassing it gave that knowledge — and the person who had it — value.

Suggested Citation

  • Martin Binks, 2014. "The Crucial Role of Universities in Promoting Radical Innovation," Palgrave Macmillan Books, in: David Greenaway & Chris D. Rudd (ed.), The Business Growth Benefits of Higher Education, chapter 8, pages 91-108, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-32070-4_8
    DOI: 10.1057/9781137320704_8
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    Cited by:

    1. Benjamin S. Selznick & Matthew J. Mayhew, 2018. "Measuring Undergraduates’ Innovation Capacities," Research in Higher Education, Springer;Association for Institutional Research, vol. 59(6), pages 744-764, September.

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