Innovation evaluation: Should development look to the private sector?

With no streamlined model or standardized measures for assessing the results of innovation, it might be time for the public sector to take a harder look at how corporations evaluate innovation.

And recent societal change is spurring the development sector to do just that, according to Greta Nasi, director of the public management and policy department at the SDA Bocconi School of Management.

Development agencies are faced with new challenges in addressing globalization and internationalization of firms, rapid demographic and technological changes, societal and organizational fragmentation, a new institutional role of states and market revolution and the crisis of the representative democracy.