Earlier today I gave a short talk and Q&A on ‘Pro-sustainability industrial strategy and innovation policy’ at Transformations 2017, a leading academic conference on the transition to a sustainable future.
Now, I wish I could share all my thinking to date. But it’s just too rough to share. So, here is the top level thinking: the questions I think any decision-making should ask themselves when they are formulating an industrial strategy or innovation policy for a sustainable world.
The idea is a decision-maker in any organisation (government, city, big business, foundation and so on) in any context can ask themselves these question to provide a bespoke approach to industrial strategy / innovation for a sustainable world that fits with their situation.
Basically, answering these questions will help you come up with your way of driving the economic component of the profound changes we need for a just and sustainable world. Well, that’s the idea.
Looking at Industrial Strategy and Innovation Policy has become a vechile for me to organise all my experiences and insights on economic transformation into one place. This explains why my more detailed version is too rough to share at the moment: there’s lots of are tools and other supports underneath each question! But this gives you a flavour, and the people who saw me speak at the conference now have the questions (as promised).
One thing that came up in the conference is about how linear this looks, while we know that transformation is not. Well, this is a deliberate design choice. This summary gives a clean and clear 4-step process to make it easy for a person to use. The tools for answering the questions bring in more complexity (using, for instance Embracing Complexity and Three Horizons) and other thinking. It is designed to be used in a linear way, at first, in order to open up the deeper transformations.
Here are the questions laid out:
A. Understanding the pre-conditions
1. What is your purpose and what are your beliefs on how an economy changes?
2. What is the political context you are operating in?
3. What approach and principles for formulating and implementing fits with your situation?
B. Understanding the context, global and specific
4. What does ‘a sustainable world’ mean here?
5. What are global trends do you need to consider?
6. What is your starting situation, and existing vision?
7. How can you use the formulation itself to make the policy successful (including obtaining long-term mandate)?
C. Formulating policies/strategies in priority areas
8. MISSIONS: which innovation missions should you set, and how will you run each?
9. HORIZONTALS: how will you craft the cross-cutting conditions that stimulate the appropriate investment and innovation?
10. VERTICALS: what direction(s) are viable for each major sector, and how support appropriately?
11. GEOGRAPHIES: How enhance specific clusters and enable resilience everywhere?
12. How implement each part of the strategy with the required guiding principles (e.g. accountability)?
13. How can you keep adjusting to and replenishing the political mandate?
14. How can you evaluate, using that for improving and accountability?
Over the coming weeks I’ll be pulling this into a toolkit and testing it. Also, I’ll be explaining more about where each part comes from in depth. In the meantime, watch this for more detail.
The full slides I used are here (only 4 slides – more detail soon I promise!).
If you have any thoughts, comments (positive or negative) do put them below or get in touch.