Wealth-Welfare-Wellbeing, Private-Public-Social Ecosystem Innovation, and Co-Creation of Value
Ramaswamy, Venkat. 2014. "Wealth-Welfare-Wellbeing, Private-Public-Social Ecosystem Innovation, and Co-Creation of Value." European Commission, Open Innovation 2.0.
Co-creative public, private, and social innovation ecosystems have the potential to balance the invisible hand of free markets with the visible hand of governments and civil society, together with stakeholder expectations of more responsible, responsive, and effective enterprises, and coevolving better states of governance, infrastructure, development, and sustainability. Ultimately, co-creative innovation ecosystems have the power to transform our reality of the world. It is a “way of becoming” toward a world full of transformative possibilities. Are we ready to co-create the change we want to experience personally and collectively in the world?