David Smick, the author of “The World is Curved” and former economic advisor to Ronald Reagan, Jack Kemp and Bill Clinton, notes that “innovation is portable.” His attention getting comment is if we don’t grease the skids like we have in the past, innovation will occur elsewhere. And, where innovation occurs, the initial manufacturing will be there as well.
On this D-Day anniversary, an interesting article appears which should make our leaders stand up and take notice around this concept of innovation. In essence, this article called “7 Reasons why European Cities are going to beat US Cities as Hubs for Innovation,” says America needs to not forget what made us great and start improving what we do in cities to attract, retain and reward innovators.
To be frank, we also need to stop spending our time debating issues that matter little in day-to-day matters and start focusing on major initiatives that will move this country forward such as addressing the new technologies, investing in hubs of growth, retraining workers and training students, and investing in our infrastructure and environment. Debating where folks go to the bathroom and discriminating against people is not where we should be spending our time. This is small minded and unconstitutional. It also hamstrings financial growth and innovation.
Rather than repeat this article, let me merely list the seven reasons and encourage you to click on the link below. Relative to the US:
- Europe has better designed cities
- Europe has more smart cities
- Europe has more rapid adoption of soft infrastructure for entrepreneurship
- Europe has better safety nets and less inequality
- US has lost its leadership in key benchmarks of innovation
- US has more venture capital, but it matters less with other sources
- Europe makes it easier to be an entrepreneur
The US has a tremendous university system which draws people from all over, but access to those systems may not require people to move here as much as they did with online learning. Also, when they do come, we need to make sure we keep talented people here and not build actual and figurative walls around our country – I worry more about the figurative ones than actual ones.
We have pockets of success, but unless we focus more on this and less on issues of little import, we will miss an opportunity to invest in keeping America competitive. In our favor is a freer, more mixed society which provides all genders, races, ethnic groups, sexual preferences, etc. opportunity. Leaders of companies should know that you never know where innovation will come from, so you better make the communication avenues available to all people.
Let me close with an easy example. Before he died, Steve Jobs designed Apple’s new headquarters. He purposefully placed small meeting rooms with white boards and technology access along the paths to the restrooms and breakrooms. Why? So, that when people bumped into each other and discovered what each was working on, they could easily pop in a room to share ideas. That is precisely how we should design our hubs of innovation. If we do not, we will fall behind.