Tuesday, August 09, 2011

Michael Bloomberg: Why Government Doesn't Innovate

What's Next For Michael Bloomberg (By: Sridhar Pappu, Fast Company) "Innovation--the essence of innovation--is you don't know what you're going to build, what it's going to be called, how much it's going to cost. You cannot use public monies unless you can answer virtually every one of those questions, which is why government tends not to innovate. The public wants that accountability in advance, that justification in advance. But that's not going to work for certain things."

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