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Pages:
1 page/≈275 words
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Style:
APA
Subject:
Mathematics & Economics
Type:
Case Study
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English (U.S.)
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MS Word
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$ 4.32
Topic:

Innovative strategies. Promote and support innovation in Canada

Case Study Instructions:

Evaluate the implications of applying an Innovations Strategy: You are employed as a policy analyst, in a local jurisdiction (refer to your own country’s experience where possible). Your Minister has agreed to present an Innovation Strategy proposal to her colleagues but has asked for a one-page brief, on what it might look like, in practice: What are the policy and program possibilities and their implications? In what way(s) and to what degree does the mindset (goals) of the government change, in applying an Innovation Strategy? Who are the stakeholders, in the economy, that would support and benefit from such initiatives? Are there others who would oppose such changes?

Case Study Sample Content Preview:

Innovative Strategies
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ISSUE: The issue is how to promote and support innovation in Canada, through early stage technology development in Canada. Identifying technology with transformative potential and widespread applicability will support these efforts.
RECOMMENDATION(s): That the government increases investment in early stage technology development. The government will promote public private partnership and there is dissemination of evidence to help coordinate research on innovation.
RATIONALE: Funding helps to improve accessibility and competitive opportunities, and stakeholders identify investment opportunities from the projects that are most viable. Public-private partnerships are useful to identify the potentially high impact innovations and technology as experts from diverse fields are involved. Collaborations helps the stakeholders share information better and can spur technical innovation in other areas. The goals of the government change depending on the administration in power as they craft policies and when the policies are effective there is greater support for an innovation strategy. Companies, households and individuals benefit as technology and innovation are integrated to improve the outcome.
BACKGROUND: Government can play an important role promoting innovation, but often government is used to fix market failures. Private entities are cautions as they do not take huge risks when there are many uncertainties on the likely outcomes of investment in innovation. Innovation Canada (2019) highlig...
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