Innovation in Real Places Summary

Summary of Innovation in Real Places Book by Dan Breznitz

Name: Innovation in Real Places
Rating: 4.4 (99 reviews)
Author: Dan Breznitz

4.4 . 99 reviews

Short summary

The world is changing rapidly. Technology develops almost within the blink of an eye, and businesses need to stay up to date with everything to avoid falling behind, a difficult task, for sure. Innovation in Real Places argues that innovation doesn’t need to be large-scale. You don’t have to tap into the latest, all-singing, all-dancing technology to create something that will sell in large numbers. Neither should you invest millions in global reach to make a difference. It all comes down to focusing on innovation where it matters most — within local and national communities. Dan Breznitz puts forth a passionate case. As a bestselling author and university professor, he uses his experience as part of the University of Toronto Innovation Policy Lab to explore the continually changing world of economics and innovation. It seems there are more avenues for growth than most of us realize. “The growth policy that truly matters to people will not be decided in Brussels, Beijing, or Washington, but on the ground, by people from both the public and private sectors who work together daily to ensure that their communities prosper.” ~ Dan Breznitz

12 min

7 key points

6 insights

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Table of content

Summary of Innovation in Real Places
About the author
What is Innovation in Real Places about?
Who should read Innovation in Real Places
Topics in Innovation in Real Places

first key point

Technology opens doors, but it’s not the only way forward

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00:00

The big technology companies, primarily based in Silicon Valley, have long been the industry leaders on the worldwide stage. We look toward them for new ideas, new products, and ways in which we can improve our lives and businesses for the better. It’s easy to understand why when you consider just how quickly technology develops. And with huge investment pouring in, it seems like there’s nothing we can’t do.

Of course, to use the most sophisticated technology means being able to afford it in the first place. You could argue that’s partly why large-scale businesses continue to get richer and smaller companies struggle so much. Technology costs money.

Dan Breznitz has long been an advocate for different types of innovation. He doesn’t think that we should always look toward international technology models and instead focus upon innovation we can create around us. Just because Apple is known to be the industry leader in computing, does that mean we always need to use Apple products? Just because Ford has long been known to be one of the best in the automotive industry, should we avoid any other company?

Technology allows us to dream the so-called impossible, but not everything needs to be copied or derived from Silicon Valley and its hugely successful tech companies.

Innovation in Real Places argues that we should look toward different types of development and assess what is best for us as a whole. Companies can make their own choices and focus upon their in-house innovation rather than always following a route set by Silicon Valley. The COVID-19 pandemic swept across the world and caused havoc over the last few years, and this has led us to question whether we should focus on development on quite so much of a global stage. In some cases, it just brings about more problems and roadblocks.

This summary will help you understand what innovation is and how it can be pulled back from a global reach and centered more locally and nationally. You’ll also realize that focusing solely on technology doesn’t necessarily have to be the way forward. By shifting our mindset away from the global aspect of the issue, perhaps we can empower local communities to create their own far-reaching success stories.

second key point

There is a fundamental difference between innovation and invention

One of the biggest misconceptions is the difference between innovation and invention; many people assume them to be one and the same. We believe we first need to develop a brand new idea to be innovative, something nobody has ever thought of before. But, that’s not the case. Instead, innovation is about developing an existing idea, working to make something that’s already around into something better.

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third key point

Local communities can be successful innovators too

fourth key point

The business world has its eyes closed to the significant potential for innovation all around them

fifth key point

Production stage specialization is the key to future growth success

sixth key point

Empower local communities, and everyone benefits

seventh key point

Conclusion

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What is Innovation in Real Places about?

"Innovation in Real Places" by Dan Breznitz explores strategies for achieving prosperity in a challenging global landscape. The book delves into the importance of innovation in driving economic growth and offers insights into how different regions can foster innovation to thrive in an unforgiving world. Breznitz provides a comprehensive analysis of successful innovation ecosystems, highlighting the key factors that contribute to their success. This thought-provoking book offers practical guidance for policymakers, entrepreneurs, and anyone interested in understanding the dynamics of innovation in real-world contexts.

Who should read Innovation in Real Places

Entrepreneurs and business leaders seeking strategies for success in challenging environments.
Urban planners and policymakers interested in fostering innovation and economic growth.
Researchers and academics studying the dynamics of innovation in real-world settings.

Topics in Innovation in Real Places

Innovation Business Strategy Entrepreneurship Economics Technology Management Leadership Creativity Problem Solving Product Management Networking Marketing Strategy Design Startup

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