Innovation comes in many forms
In the words of Nobel Prize-winning economist Paul Krugman, “Productivity isn't everything, but in the long run it is almost everything.” And what’s the key to raising productivity? Above all, it is innovation in all its forms – the application of scientific and technological advances, the design of new products and services, improvements in management techniques, and much more.
Incentives to spur innovation
The incentives to innovate will inevitably vary from industry to industry. In energy, for example, the combination of variable tariffs and smart household technology can encourage consumers to use more off-peak power. But there are common threads. In every sector regulators and policymakers need to strike the balance that gives business sufficient motivation to invest in innovation. And drawing on behavioural insights can help companies develop ground-breaking products and services.
Articles on Incentivising innovation
Enter your details below to sign up for our e-magazine and general updates, which will be sent to you via e-mail.
For the purposes of the General Data Protection Regulation (GDPR), the data controller is Frontier Economics Limited, 71 High Holborn, London WC1V 6DA. We rely on your consent when processing your personal data for the purpose of sending you information and you have the right to withdraw your consent at any time either by using the link at the foot of each email (‘unsubscribe’), writing to our Data Protection Officer at the address above or emailing us at email@example.com. You can view our full privacy statement here.