Innovation is mainstreamed in advanced economies such as South Korea, which founded its Center for Economic Catch-up to develop next-level strategies for the country. This approach warrants a second look for countries needing to reset and reshape their vision, says Dr Diran Soumonni, senior lecturer in innovation management and policy at Wits Business School (WBS).

The innovator and inventor are not necessarily the same person, says Soumonni, who also serves as director of the master of management in innovation studies at WBS. “We are interested in the management of innovation at the postgraduate level of study as it unlocks key solutions, not only in business but for our broader society. Innovation is fundamentally about problem solving.”

Read more: https://www.businesslive.co.za/bd/business-and-economy/2021-08-06-native-unleash-socioeconomic-recovery-through-the-power-of-innovation/