As I am correcting the post-assignments of the “Internal and External innovation” course, I am reflecting on the nature of innovation that will have to be addressed by us but more importantly by our students over the next decade.
Obviously, the Digital revolution will continue and it is estimated that half of the jobs in this area in 2030 don’t exist today.
Sustainability: the increase of population from 7.5B today to 10B in 2050, with natural resources that will actually reduce in absolute value, will have to be tackled.
Inequality, with a middle class that used to be the cement of democracy, will get poorer and with an aging population that may not afford the cost of medical care.
There are a dozen more critical topics that will equally require a constant curiosity, critical eye, pertinent innovation, and successful execution.
Along with all the courses of BSL, we hope that the innovation best practices and experiments that our students have played with will better equip them to face these challenges. We hope that the creative teamwork they have engaged in the internal and external innovation class will give them the fortitude to discover, to ideate, to try, to iterate and deliver value for the world.
In the meanwhile, our students will certainly deliver value to customers, helping their company to develop and prosper, but also ensuring that this prosperity will bring true value that will not be used to buy and deplete other companies.
To achieve this ambitious vision, we sincerely believe that we have given the participants an appetite for continuous learning, confidence in the creativity they showed during their childhood and the trust in working in teams, as they did in our class, working for instance on a real venture. They helped indeed a young entrepreneur in collecting customer insights, making sense of them and brainstorming on various scenarios. True Design Thinking process applied in real life!
Author: Yves Karcher, BSL Associate Professor