EVER SINCE the sky fell on us some time in 2008 we have, as a country, been struggling to see what we should be doing to get us back into economic health. What we have mainly focused on is controlling public expenditure and trying to shore up the exchequer.
The problem with this approach is that it deals with a really critical risk facing the country, but on its own it does not restore our fortunes. As anyone running a company knows, you cannot succeed in business simply by cutting costs. And this is where the national innovation agenda comes in.
It was first presented in the Government’s plan for economic recovery published in December 2008, Building Ireland’s Smart Economy. One of the key areas identified for attention was what was described as creating the “innovation island”, or developing economic success through human capital, or the translation of ideas into “valuable processes, products and services”.
To read the full, original article click on this link: There is a contradiction between policy and practice on innovation - The Irish Times - Tue, Mar 16, 2010
Author: Ferdinand von Prondzynski
