Baltic Dynamics 2015 From Innovation-driven to Smart Development Robertas Jucevičius Kaunas University of Technology Kaunas,

To innovate or to die...? Yes. However....

Do not know exactly where they are going, or where they wish to go, and certainly - how. Lack of knowledge about themselves, their friends and their enemies, about their technological, social, economic environment. They simply do not know what they know. The search for development tools is most often conducted without clear understanding of what the tools are supposed to achieve. It is very often assumed that tools which bring prosperity to other societies will succeed here too. The disparity in social structures, cultures and values, and ultimate final goals are often ignored.

is more a state of mind than a consequence of environmental, social or technical impoverishment Underdevelopment

A smart human being is the person who is able to responsibly achieve his goals by making adequate decisions based on good understanding of the external environment, its critical indications, creative interpretation of success factors and innovative configuration of resources.

Smart organisations and social systems are dynamically adaptive to new circumstances, innovative and knowledge-driven, strategically minded, internetworked, learning as well as agile in their ability to create and effectively exploit the opportunities offered by the new trends in order to responsibly achieve the preferred development objectives.

Is defined as governance that enables a social system and its subjects to operate effectively in a fast changing and complex environment rationally utilizing its internal and external resources, making pragmatic and advanced decisions relevant to specific circumstances in order to create shared public value

1.Employing uncommon sense for discovering the approaches, methods and resources for the development. 2.Creation of ecosystem favourable for creativity, innovations and entrepreneurship 3.Employing the philosophy of shared value creation 4.Intelligence 5.Strategies targeted to achieve ambitious developmental goals 6.Creation of co-operative community culture 7.Decision making is grounded on scientific knowledge and re-thinking of best practices 8.Extensive use of ICT in all spheres of social system 9.Empowering of individual and organisational learning 10.Networking 11.Sustainable development

Crisis – the problem or a chance? Guggenheim – the museum or something else?

1.Employing uncommon sense for discovering the approaches, methods and resources for the development. 2.Creation of ecosystem favourable for creativity, innovations and entrepreneurship 3.Employing the philosophy of shared value creation 4.Intelligence 5.Strategies targeted to achieve ambitious developmental goals 6.Creation of co-operative community culture 7.Decision making is grounded on scientific knowledge and re- thinking of best practices 8.Extensive use of ICT in all spheres of social system 9.Empowering of individual and organisational learning 10.Networking 11.Sustainable development

Entrepreneurial ecosystem is a set of interconnected business companies, entrepreneurial organisations, research and public sector institutions which formally and informally coalesce to connect, mediate and govern the performance within the national/regional/local entrepreneurial environment employing the concept of shared value creation. Cluster as a nifty tool Cluster approach – it is about entrepreneurial/ business ecosystem

Developmen- tal capital Social Institutional Infrastructur e Economic Intellectual People Knowledge Innovations Absorptive capacity Networking Values Reputation Social structure Community Business culture Organisational learning Public management Business management Business conditions Professional education Active business community Transport Energy Technologies Place Finance Industrial structure Market structure Entrepreneurship Business productivity

1.Employing uncommon sense for discovering the approaches, methods and resources for the development. 2.Creation of ecosystem favourable for creativity, innovations and entrepreneurship 3.Employing the philosophy of shared value creation 4.Intelligence 5.Strategies targeted to achieve ambitious developmental goals 6.Creation of co-operative community culture 7.Decision making is grounded on scientific knowledge and re-thinking of best practices 8.Extensive use of ICT in all spheres of social system 9.Empowering of individual and organisational learning 10.Networking 11.Sustainable development

Why not to be SMART?