Education for Innovation: Entrepreneurial Breakthroughs vs. Corporate Incremental Improvements
AbstractThis paper explores the following hypotheses on the appropriate education for innovating entrepreneurship: a) breakthrough inventions are contributed disproportionately by independent inventors and entrepreneurs, while large firms focus on cumulative, incremental (and often invaluable) improvements; b) education for mastery of scientific knowledge and methods is enormously valuable for innovation and growth, but can impede heterodox thinking and imagination; c) large-firm R&D requires personnel who are highly educated in extant information and analytic methods, while successful independent entrepreneurs and inventors often lack such preparation; d) while procedures for teaching current knowledge and methods in science and engineering are effective, we know little about training for the critical task of breakthrough innovation.
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Date of creation: Jun 2004
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Find related papers by JEL classification:
- O0 - Economic Development, Technological Change, and Growth - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-08-31 (All new papers)
- NEP-COM-2004-06-27 (Industrial Competition)
- NEP-ENT-2004-08-31 (Entrepreneurship)
- NEP-INO-2004-08-31 (Innovation)
- NEP-LAM-2004-06-27 (Central & South America)
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