The New Business Management of Innovation and Human Capital: European vs. American Model

Abstract

This work aims to shed light on the new principles and techniques of business management of innovation and human capital within a widely connected world. The two most extended innovative paradigms (startups and transfer innovation) are used in all world innovation systems. Their common point is the transformative potential of innovation based on good human capital skills in new management methods to promote an adequate combination of economic progress and social welfare. The human capital skills must be focused on the new agile business models used by these innovative paradigms on the frontier of technological knowledge. The entrepreneurs, startups, and innovative companies need to attract innovative talent that help to implement industrial initiatives (Industry 4.0 in Europe and Advanced Manufacturing in the USA) and dynamize the traditional productive sectors in a market with uncertainty. The technology knowledge is relatively stronger and reliable than business knowledge. Therefore, ICT skills and new innovation management are keys to supporting traditional sectors. The startup boom will produce changes in business models, organizations, and human capital skills.