Summers was on the staff of the Council of Economic Advisers under President Reagan in 1982â1983. He also served as an economic adviser to the Dukakis Presidential campaign in 1988. Summers left Harvard in 1991 and served as Vice President of Development Economics and Chief Economist for the World Bank until 1993.
The late majority are skepticalâthey adopt an innovation only after a majority of people have tried it. Finally, laggards are tradition boundâthey are suspicious of changes and adopt the innovation only when it has become something of a tradition itself. Comments by Dr. Laukamm Add/Edit Comments
Innovation is the engine of growth. It is also a mindset â meaning it is influenced by beliefs, values, and behavior. Company culture therefore has a huge influence on innovation, being able to either facilitate it or restrain it.Realizing this, many companies have attempted to put systems and processes into place that encourage an innovative culture.hree of these â slogans, incubation and compliance â form an âengineering approachâ to shaping culture. That is, they represent clear, relatively easy-to-implement actions that can be taken to âfixâ the company so that its culture encourages innovation.