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The number of firms involved in collaborative activities for producing innovation is much higher in some countries (such as Finland) than in others, where it is very small (as in Mexico).
Tomorrow, the makers of Firefox will be launching the third version of Thunderbird, its open source and free email application that is produced out of Mozilla Messaging, which is a subsidiary of Mozilla devoted to producing innovation around communication and the internet.
Seven authors show by their results that a combination of direct and indirect ties, in the form of closely knit teams linked by sparse ties is the optimal structure for generating and producing innovation [ 29, 30, 34, 35, 37, 46, 49] with evidence that increasing the number of structural holes eventually becomes counterproductive [ 34].
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"The theme … that is very MIT, is this idea of MIT producing innovation-driven enterprises," said Legatum Center executive director Georgina Campbell Flatter.
"The theme … that is very MIT is this idea of MIT producing innovation-driven enterprises," says Legatum Center Executive Director Georgina Campbell Flatter.
Already, partnerships between boat owners and government and university scientists are producing innovations in gear to reduce unwanted catches while increasing the harvest of desired fishes.
The centrality of firms vis-à-vis regions underlines a general contrast between two models of producing innovations.
There may be no single recipe for producing innovations to order, but there is a cookbook of sorts that is becoming more useful all the time.
Still, don't some of the very rich get that way by producing innovations that are worth far more to the world than the income they receive?
Mr Baumol argues that there are entrepreneurs in every sort of system: what differs is whether or not they devote their energies to producing innovations that add to economic growth.
By producing innovations and in so doing, challenge incumbent firms, entrepreneurship inspires 'creative destruction' and the impetus to overcome stagnation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com