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Byline: Shahid Yusuf
Talent is the bedrock of a creative society. Encouraging and
developing talent involves mobilizing culture and tradition, building
institutions to increase the stock of human capital, enhancing its
quality, and instilling values that favor achievements and initiative.
The productivity that emerges from this talent, in the form of ideas,
can be increased by nurturing wikicapital -- the capital arising from
networks. Translating creativity into innovation is a function of
multiple incentives, and sustaining innovation is inseparable from heavy
investment in research. Ultimately, the transition from innovation to
commercially viable products requires the midwifery of many service
providers and the entrepreneurial skills of firms small and large. A[c]
2007 Elsevier Ltd. All rights reserved.
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