How innovators capture value from innovation is an enduring question.
The need for security calls for a protector, achievement calls for a motivator, cooperation calls for a team builder, understanding calls for a nurturer, creativity calls for an innovator, moral values call for a transformer, spiritual fulfillment calls for a sage or seer.
Extending Teece's landmark 1986 article, we consider how innovators benefit from value appropriation and creation.
And as more medical information gets electronically stored, there will be more opportunity for innovators to create value-added services that can analyze the digital data.
Today, as NavHealth chief executive, Aneesh remains focused on a future where health data is unlocked from the vaults of electronic health record companies and is made accessible to patients and innovators to create value.
They will build a culture of innovation, talking to health boards, talking to chief executives, getting them to value the innovators and inventors in their organisations".
Great managers are indispensable, but posterity always will place a higher value on innovators like Edison who make something out of nothing.
A teacher may intend to spread a trait, and a student may recognize that the trait has some value, and innovators may come up with new traits by intending to solve problems.
So where's the value to innovators?
While the departure of Wasserman may be considered a generational passage, he and his contemporaries displaced a still earlier tribe--the founder moguls, the true innovators, who created the asset values that Wasserman built upon.
