A similar complexity characterizes globalization. A variety of cross-border flows can be important to innovators—for instance, the diffusion of scientific principles and technological breakthroughs, the licensing of know-how, the export and import of final products, the procurement of intermediate goods and services (offshoring), equity investments, and the use of immigrant labor. Many kinds of global interactions have become more common, but not in a uniform way: international trade in manufactured goods has soared, but most services remain untraded. Of the many activities in the innovation game, only some are performed well in remote, low-cost locations; many midlevel activities, for example, are best conducted close to potential customers.It is the CIPS who are on the frontlines in determining the producers needs, developing with People, Ideas & Objects developers the software applications that dovetail with the services they provide to their producer clients. But this is not the important aspect of this article or the method that the community is forming. It's in this next quote here.
Techno-nationalists and techno-fetishists oversimplify innovation by equating it with discoveries announced in scientific journals and with patents for cutting-edge technologies developed in university or commercial research labs. Since they rarely distinguish between the different levels and kinds of know-how, they ignore the contributions of the other players—contributions that don’t generate publications or patents.There is a clear divide in most people's lives between the elite journal publishing academics and those that make oil and gas producers profitable and successful. This divide is not new, and it's important to note that in this article McKinsey says the relationship and interaction will remain relatively the same. What also remains the same is the value creating innovation will be with the same people, the difference is the mechanism and organization in which this craft will be applied, through the People, Ideas & Objects software applications and its Community of Independent Service providers. (Emphasis added).
The willingness and ability of lower-level players to create new know-how and products is at least as important to an economy as the scientific and technological breakthroughs on which they rest. Without radio manufacturers such as Sony, for instance, transistors might have remained mere curiosities in a lab. Maryland has a higher per capita income than Mississippi not because Maryland is or was an extremely significant developer of breakthrough technologies but because of its greater ability to benefit from them. Conversely, the city of Rochester, New York—home to Kodak and Xerox—is reputed to have one of the highest per capita levels of patents of all US cities. It is far from the most economically vibrant among them, however.This next quotation puts in context the value of a community as is conceived and discussed in this blog. That the opportunity that we have in re-organizing the oil and gas industry and providing society with the ample energy we need to fully explore our economic opportunities is at hand. But it is the fact that the community is the producers most effective and efficient means of attaining its most profitable operations.
More than 40 years ago, the British economists Charles Carter and Bruce Williams warned that “it is easy to impede [economic] growth by excessive research, by having too high a percentage of scientific manpower engaged in adding to the stock of knowledge and too small a percentage engaged in using it. This is the position in Britain today.”2 It is very much to the point that the United States has not only great scientists and research labs but also many players that can exploit high-level breakthroughs regardless of where they originate. An increase in the supply of high-level know-how, no matter what its source, provides more raw material for mid- and ground-level innovations that raise US living standards.If you feel that this post is too much of a reach, I would beg to disagree. We live in a time when the challenges and opportunities have never been better. Starting off with this economic transition to the new and better ways, we have this opportunity to take for ourselves, and in turn provide the producers and society as a whole with greater value.
But excelling in the overall innovation game requires a great and diverse team, which takes a very long time to build.Please join me here.
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