Massive Innovation in America is Not the Solution in the Present Geo-Economic Climate!
If you are like most Americans then you love the president state of the union speech where he talked about innovation and taking America into the 21st century. I could not agree more because I’ve been innovating through entrepreneurship all my life, and rather than being humble, I’ll tell you straight away, I’m darn good at it. Nevertheless, I’d like to play devil’s advocate for a second here. I question some of the government spending on innovation and let me tell you why.
First, as a part-time consultant in semi retirement, I often talk to entrepreneurs who are busy going after various research grants, loans, and venture capital funding. I am also very close to a major University, and I am amazed at all the government funding for research there. Nevertheless, I also find that these university researchers go to conferences, and submit papers to major scientific journals, and that information is used by industries and foreign nations with foreign government subsidies, or competing companies.
Folks, I’m here to tell you that most of the innovation we do in America is being stolen, and producing innovations in other nations which compete with our companies. It’s not creating all the jobs we have been told especially when you look at the alternative energy sector. Therefore, all we are really doing is building a giant bubble in the alternative energy sector, and throwing billions of dollars and not reaping the rewards of employment.
Health Savings Accounts – An American Innovation in Health Insurance
INTRODUCTON – The term “health insurance” is commonly used in the United States to describe any program that helps pay for medical expenses, whether through privately purchased insurance, social insurance or a non-insurance social welfare program funded by the government. Synonyms for this usage include “health coverage,” “health care coverage” and “health benefits” and “medical insurance.” In a more technical sense, the term is used to describe any form of insurance that provides protection against injury or illness.
In America, the health insurance industry has changed rapidly during the last few decades. In the 1970′s most people who had health insurance had indemnity insurance. Indemnity insurance is often called fee-forservice. It is the traditional health insurance in which the medical provider (usually a doctor or hospital) is paid a fee for each service provided to the patient covered under the policy.
An important category associated with the indemnity plans is that of consumer driven health care (CDHC). Consumer-directed health plans allow individuals and families to have greater control over their health care, including when and how they access care, what types of care they receive and how much they spend on health care services.
What is Organizational Innovation?
Defining Innovation
Organizational innovation refers to new ways work can be organized, and accomplished within an organization to encourage and promote competitive advantage. It encompasses how organizations, and individuals specifically, manage work processes in such areas as customer relationships, employee performance and retention, and knowledge management.
At the core of organizational innovation is the need to improve or change a product, process or service. All innovation revolves around change – but not all change is innovative. Organizational innovation encourages individuals to think independently and creatively in applying personal knowledge to organizational challenges. Therefore, organizational innovation requires a culture of innovation that supports new ideas, processes and generally new ways of “doing business”.