Alison GaylardApplications for the 2020 intake of the Master of Management in Innovation Studies at Wits Business School are now open. Picture: SUPPLIED/WBS
“The imperative to address climate change and other pressures facing humankind on a global scale means there is an urgent need to focus our collective efforts on environmental sustainability and producing solutions that respond to these concerns. Innovation is about economic growth but not narrowly profit-driven: it needs to simultaneously address the socioeconomic challenges of the country,” says Dr Diran Soumonni, director of the Master of Management in Innovation Studies at WBS.
an interdependent system involving government agencies, firms, tertiary and research institutions, financial institutions and regulatory organisations, among others;a means for firms to boost their global competitiveness. “Having said that, the innovation strategy is primarily located in the [national] department of science and technology, but I believe it should have a much wider reach within other government departments and sectors of the economy to have a greater impact on areas such as trade and industry, energy and water.”