FMYI | For My Innovation

So in terms of Economy 2.0, what’s a blueprint to guide us? I propose focusing on seven core sectors central to producing jobs and livability: education, energy, food, health, housing, products, and transportation. This probably isn’t new news (I like to repeat words in conversations so I might as well do it in the blog) to anyone. All of these are pretty straightforward except products. With two-thirds of the U.S. economy based on consumption, we need to make sure this sector stays strong while moving large multinationals from a focus on products to services, while at the same time helping local communities grow their small businesses and “local for local” manufacturing (for example, Portland, Oregon’s bike industry successes). Both of these deserve their own blog posts down the road…

The key to progress in these sectors is innovation. No doubt it’s a murky term that confuses people and often loses its meaning. I’ve defined it as cross functional attributes in the chart below: collaboration, sustainability, and technology. From my standpoint, the blueprint for success in all these sectors are contingent upon widespread innovation utilizing cooperative efforts, minimizing the negative environmental impact, maximizing the positive societal impact, and the connective power of the Internet. I’m going to explore these three areas in more detail in my next post…