Innovation is the way out

I loved what Bill Gates said regarding energy on This Week Sunday, 6/13/2010 see clip.  Is not the oil spill in the gulf (not to mention global warming) a "call to action" to innovate some new energy sources?  Sure it is easy to blame BP and oil companies; they obviously need to be held accountable. (I still avoid buying gas at Exxon due to the Valdez.) But why are we still here? Seems like with all the technology we have, we ought to have some better energy sources.

Mr. Gates was arguing that we should reallocate some of our energy budget to Research and Development for new energy sources. But what I really liked is how he views innovation as the natural solution to our energy problem. He points we already have the infrastructure for innovation in place with our universities and labs. He wants to encourage entrepreneurs, scientists, and inventors to innovate new energy sources. When asked about health care, he immediately suggested we need to innovate to bring down medical costs. What a cool mind set: difficult problem- look to innovate. Like the guy or not- we can learn from this. This mind set likely has something to do with why he has been so successful.

Innovation is the only way to solve any limited resources problem. When we innovate, it creates a new paradigm that makes the limited resource irrelevant.

I would recommend this approach to any time we have a seemingly insurmountable problem or feel trapped in our own life. Often conventional means do not provide a solution. We need to innovate. We need to create an invention or breakthrough that provides a way out.  If we have a financial problem or a family or relationship problem, conventional means will not usually solve it. We have to invent a breakthrough that reconfigures the whole situation.

So maybe you should consider reallocating some resources to your R and D budget- and look to innovate some things in your life.

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