UQ Business School academic Professor Mark Dodgson has co-authored a report on innovation for the UK’s National Endowment for Science, Technology and the Arts (NESTA).
The report is one of NESTA’s Provocations – a series of extended essays by leading thinkers that showcase thought-provoking work on innovation. These reports are widely circulated to senior businesspeople, policy-makers and parliamentarians in the UK.
With co-author David Gann, head of the Innovation and Entrepreneurship Group at Tanaka Business School (Imperial College London), Dodgson has used the essay to highlight changes to the innovation process and the advent of so-called innovation technologies.
Dodgson said innovation technology enabled firms to innovate more rapidly, efficiently, and accurately.
He said, “Innovation Technology is an umbrella term we came up with when we were writing ‘Think, Play, Do’ [co-authored with David Gann and Ammon Salter] to include eScience, virtual reality, simulation and modelling techniques, and rapid prototyping.”
“All these technologies can help reduce the costs and some of the risks traditionally associated with innovation.”
“Innovation Technology enables organisations to develop new products and services more swiftly and efficiently than in the past, allowing people to be more adventurous.”
The report is available on the NESTA website www.nesta.org.uk.
Dodgson was awarded a Eureka Prize for Leadership in Business Innovation earlier this year.
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