Stephen Hoover

The (Global) Innovator's Dilemma: How Can Companies Keep Their Cutting Edge?

John Lewis Levis, Tom Jenkins, Stephen Hoover

ICT now drives 75% of global innovation, compressing product lifecycles from five years to mere months and compelling organizations to shift from isolated launches to sustained innovation ecosystems. Successful strategies depend on long-term executive support, a culture that rewards failure, and diverse talent pools, while nations like Israel and Canada demonstrate how specific military, educational, and immigration frameworks foster resilience. To navigate the risk of self-disruption and the threat of invisible competitors, leading enterprises must allocate dedicated capital to disruptive ventures and embrace open innovation models that accelerate commercialization despite weak intellectual property protections.