Economic development is rooted in disruption, not in equilibrium. And a powerful engine of economic development is innovation; but is this innovation always for the common good? The dark side of the extraordinary dynamism of innovation lies precisely in its destructive power. If simply left to market forces, it could lead to social chaos and great human suffering.
To face the challenges of our time, we must create the proper climate and culture to develop strong entrepreneurial drive. But, more than ever, we must give this entrepreneurial drive its ethical and societal dimensions. Responsible innovation means a more voluntary orientation towards the great problems of the 21st century, e.g. depletion of the planet's resources, rising inequality, and new scientific developments potentially threatening freedom, democracy and human integrity. We need to transform our ceaseless creativity into real progress for humankind. In this respect, the rapid development of social innovation opens the door for new methods and practices.
In Responsible Innovation, Philippe de Woot challenges conventional ways of thinking. This book has the power to shift accepted norms in our ways of doing business.
PHILIPPE DE WOOT is Emeritus Professor at Louvain Catholic University in Belgium, where he taught Business Policy, Strategic Management and Business Ethics. He is actively committed to researching and promoting CSR.
Table of ContentsIntroductionPart 1: Innovation at the heart of the economyThe decisive competitive weaponThe collective entrepreneur: increased innovative powerRacing ahead and temporary monopoliesThe entrepreneurial chain and corporate culturePart 2: Innovation, fairness and the common goodWoe to the vanquished: creative destructionPrometheus or the ambiguity of economic and technical creativityPower over the future in an ethical and political vacuumPart 3: Responsible innovationThe entrepreneurial imperativeTurning creativity into progressA more societal focus of creative capacityEthics, politics and the technosciencesSocial innovations