Innovative governments are sustainable because they are efficient, and they help the citizens to come together for the common welfare. The governments that are not innovative stand the chance of becoming irrelevant, just like most Fortune 500 companies (89%) have died since 1995 because of failure to remain competitive.
Uncompetitive nations face the risk of not experiencing human development and growth in their economies. Their people also face the risk of becoming an unhappy lot. Therefore, governments should borrow from successful private companies and consider innovation as a recipe for development.
Enhancing the skills of civil servants is the main ingredient for innovation in governments. Therefore, governments should equip younger generations in all sectors of the economy with skills to avoid being servants of the most competitive nations. There is a need to be prepared for the future, which will be characterized by new job categories. Therefore, the younger generations must be taught to be creative and productive.
Governments should also pay more attention to intangible investments, such as knowledge and skill development of the employees, instead of investing overly intangible assets. This calls for increased investment in education, as well as research and development.
Today’s competitive companies have an innovative culture as a common characteristic. Their employees are motivated and ambitious. Governments should borrow from such companies to create a culture of creativity nationwide. Innovative governments should create an environment that attracts talented individuals. They should be efficient in their service provision while working hard to make all the citizens work together to drive growth and development nationwide. Nations that fail to embrace innovation are overtaken by time and become irrelevant.