The concept of innovation is always changing. Innovation systems are no longer rigid structures, but agile and self-healing systems. And the goal of innovation is no longer limited to value-creation for organizations, but often aims for much nobler goals: namely, creating a smart future where people are happy, where organizations thrive, and where the environment flourishes. The emerging innovation paradigm for building a smart future is the practice of lived innovation.
Here innovation and knowledge management experts Sang M. Lee and Seongbae Lim offer a roadmap to these new territories and their futures. Drawing upon real-world examples from across the globe, they explain the fundamentals of innovation; they introduce emerging innovation tools such as convergence management, co-creation, and design thinking; and they outline a new innovation strategy, co-innovation, by which many partners and stakeholders collaborate to achieve shared goals. Along the way, they also examine several daunting, negative impacts of innovation in the digital age---job losses, wealth inequality, and sustainability and environmental issues---in order to demonstrate why innovation must focus on the greater social good.
Living Innovation is essential reading for business executives, public administrators, innovation researchers, and anyone eager to confront major twenty-first-century challenges in new ways.
Sang M. Lee, Ph.D., is the University Eminent Scholar and Distinguished University Professor Emeritus at the University of Nebraska-Lincoln. His seminal work on multiple objective decision making, global strategy, innovation and convergence revolution has been globally recognized. He has published over 50 books, 350 plus journal articles, and delivered over 500 speeches in 70 countries. He directed large US government projects in Eastern Europe, Central Asia, and Southeast Asian countries. He served as President of DSI and currently serving as President of Pan Pacific Business Association. He is the Editor-in-Chief of Service Business and a Senior Scientist of the Gallup Organization. He has received five honorary degrees for his contribution to global business education.
Seongbae Lim, Ph.D., is a professor of Management Information Systems and chair of Department of Finance and Quantitative Management at Greehey School of Business, St. Mary's University. He specializes in IT-driven innovation and convergence management. His prior teaching experience includes the University of Nebraska and State University of New York. He has published more than 100 articles and books and delivered over 100 speeches at world-renowned institutes. He is currently serving as a director of operation of Pan Pacific Business Association, program director of United Nation's Academic Impact at St. Mary's University. He got his Ph.D. from University of Nebraska-Lincoln.