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
In order to build a long-term culture of sustained innovation, a structured process must be put into place especially in idea generation or ideation. Advertisement. When innovation comes to mind, the first thing people might think of is creativity, spontaneity or a momentary stroke of genius.ven if a small percentage of concepts make it through the process, the payoff could be significant for the company. So schedule those bi-annual ideation sessions and invite members from various departments in your organization to participate.