Jun/095
Exponential Innovation & Institutional Demise
Innovation refers to incremental, radical, and/or revolutionary change. Change in thinking, products, processes, and/or institutions & organizations. It’s fueled by creative people on an unending journey to make things faster, smaller, cheaper, cleaner, simpler; people who put their heart and soul into their craft without regard. Institutions or organizations are deliberately and intentionally created by people. The development of functional institutions in society in general may be regarded as an instance of emergence; meaning, institutions arise, develop and function in a pattern of social self-organization, which goes beyond the conscious intentions of the individual humans involved. It is the mechanical and traditional way effort is coordinated.