Innovation Ethics : Reframing the Investor Thesis / Roger Hunt.

Format:

Book

Author/Creator:

Hunt, Roger, 1936- author.

Language:

English

Subjects (All):

Business ethics.

Technological innovations--Moral and ethical aspects.

Technological innovations.

Physical Description:

1 online resource (255 pages)

Edition:

First edition.

Place of Publication:

Bradford, England : Ethics International Press Ltd, 2023.

Summary:

While entrepreneurship characterizes an ideal form of self-sufficiency, in practice entrepreneurs find themselves subject to a complex network of support systems, which in effect exploit their talents, resources, and passion for structural risk mitigation. This dynamic infrastructure composed of founders, investors, and service providers is not a necessary institution, but rather the result of intersectional incentive structures managed by the professionalization of a process which is supposed to be anti-professional. This paradox should be addressed at a structural level if we hope to preserve the ideal of entrepreneurship. Innovation Ethics proposes a solution where we reframe a regulatory metric away from optimization towards innovation through the redistribution of risk across the entrepreneurial ecosystem. This solution finds support in a model of innovation ethics which we have designed to correct the over-reliance on naturalistic models, by stimulating a debate over how, and even if, innovation should proceed.

Contents:

Intro

Introduction

Acknowledgements

1. Catalog of Innovation Thinkers

Schumpeter

Theory of economic development

Role of the entrepreneur

Creative destruction

Resistance to change

Innovation clusters

Impact on capitalism

Schumpeter's work in context

Florida

The Rise of the Creative Class

Defining the Creative Class

Location factors

Hubs of innovation

Rethinking economic development

Progress beyond economics

Mokyr

The cotton gin: An example of transformative innovation

Contributions to innovation studies

Christensen

Characteristics of disruptive innovation

Examples of disruptive innovation

Challenges for incumbent firms

Lasting impact on management thinking

Sandel

Critiquing utilitarian ethics

Genetic engineering - commodifying life

Risks of biotechnology

Implications for innovation ethics

Societal risks

Mazzucato

Challenging conventional views

The state as investor

Rebalancing rewards

A balanced innovation ecosystem

Analysis of biotech innovations

Influencing innovation policy debates

Gruber

Rogers

Chesbrough

Kim &amp

Mauborgne

Zubov

Stiegler

Ross

True innovation requires ethical guidance

Preserving intergenerational knowledge

Innovation's role in progress

Responsibilities of innovators

Realigning innovation with ethics

Hunt (the author)

2. Problems

The innovation paradox

The startup industrial complex

The allure of innovation

The paradox of innovation

Risk imbalance capacities

Unintended consequences

Towards responsible risk alignment

The role of technology

Rethinking success

Restoring collective obligations

Sparking responsible innovation

Against disruption theory

Understanding disruptive innovation

The core concepts

Influential concept.

Definitional debates

Reevaluating historical disruptions

Rethinking market complexity

Rethinking policy implications

The appeal of the theory of disruption

Responsible application

Avoiding disruption theory pitfalls

Leveraging disruption theory

The allure of disruption

Policy implications

Why does the matter of innovation hold significance?

Technological disruption and innovation

3. Critiques

Effective altruism

Origins and history

Commitment to evidence and reason

Focus on effectiveness and scale

Impartiality and ethical universalism

Long-term perspective

Openness to feedback and self-correction

Cause prioritization

Cost-effectiveness analysis

Earning to give

Room for more funding

Common objections

Imposition of western values

Lack of community insight

Perpetuates systemic issues

Disregards wisdom of humanity

Fails to address root causes

Promoting evidence-based policy

Addressing root causes

Institutional transparency and accountability

Improved research prioritization

Critiques and limitations

Perpetuates existing power structures

Lacks consideration of diverse perspectives

Susceptible to overconfidence bias

Social innovation

Focus on fundamental systems change

Commitment to social justice and inclusion

Creative experimentation mindset

Collaborative and participatory ethos

Intersectional and integrative thinking

Areas of application

Brief history of social innovation

Key concepts and values

Systems thinking

Participatory democracy

Sustainability mindset

Social justice focus

Open and collaborative methods

Ecosystem thinking

Politically neutral palliative solutions

Co-optation by existing power structures.

Insufficient accountability and impact assessment

Market co-optation

Entrenching existing imbalances of power and privilege

Vulnerability to narrative hijacking

Fulfilling social innovation's promise

From hackathons to systems change

From privileged do-gooders to empowered communities

From donor dictation to democratically-guided funding

From nonprofit industrial complex to civic ecosystems

From silver bullets to integrated solutions

From celebrity saviors to collective liberation

Impact Investing

Defining impact investing

Impact investing strategies

Public equity

Fixed income

Private equity

Venture capital

Real assets

Community investing

Funds and intermediaries

Contributions and virtues

Criticisms and tensions

Progress depends on confronting challenges

Conclusion

4. Reframing the Problem

The relevance of "what counts as innovation?"

The legitimacy of "who should be innovating?"

The significance of "how should we value innovation?"

Against binary thinking

Reconciling innovation ethics with moral relativism

The path forward

What counts as innovation?

Four core functions of defining innovation

Emergence and social accountability

Innovation ecosystems need diversity

Contextual complexity and unintended uses

Embracing collective responsibility

Innovation guided by wisdom

Who should be innovating?

Identifying capable, accountable innovators

Supporting innovators sharing values

Purpose-driven innovation for societal benefit

Promoting inclusive innovation

Encouraging integrity, empathy and responsibility

Building an ethical innovation ecosystem

How should we value innovations?

Financial ROI as insufficient measure

Incorporating ESG factors

Emerging approaches to ethics and valuation.

The limits of quantification

Focusing capital on concrete ethics and justice

Structural reform over incremental change

Innovation guided by moral clarity

Articulating success and evaluating outcomes

Innovation guided by moral imagination

How should we value innovation?

Progress through purpose

5. Reframing Innovation Ethics

Addressing core questions

Philosophical foundations

Framework structure

The demonstration of possibility of the inconceivable

The process of innovation

Ethical demonstration of possibilities

Evaluating the current innovation landscape

Gradual accumulation of knowledge and expertise

Moderation of wealth and recognition

Real world evaluation

Positive examples:

Negative examples:

Problematic current valuation paradigms

Risks and rewards across stakeholders

Framework for ethical valuation

Addressing implementation challenges

6. Conclusion

Assessing the current landscape

Vision for progress

Innovation guided by ethics

Intersectional solidarity

Moral courage

Holistic systems thinking

Sustainability ethics

Cooperative economics

Moral philosophy

Core policy reforms

Public funding

Antitrust regulation

Platform cooperatives

Patent reform

Inclusive innovation hubs

Employee protections

True cost accounting

Public ratings systems

Moral philosophy education

Inclusive innovation movement

Communities

Workers

Policymakers

Activists

Academics

Innovators

Philanthropists

What Counts as Innovation?

The process of innovation.

Ethical demonstration of possibilities

Incentives optimizing for power over purpose

Problematic geographic and demographic concentrations

Speculative short-term financial engineering

Problematic founder mythology

Barriers to open, decentralized innovation

Unchecked solutionism without ethics

Rebalancing innovation ecosystems

Appendix A: Roadmap for Ethical Innovation and Wealth Sharing

Appendix B: Engaging Those with Concentrated Wealth.

Notes:

Description based on publisher supplied metadata and other sources.

Description based on print version record.

Other Format:

Print version: Hunt, Roger Innovation Ethics

ISBN:

1-871891-54-X

9781871891546