Innovation: To What Purpose

Innovation is said to be essential for survival in most industries. Yet, innovation can be very risky-some innovations can even destroy value. How can managers and entrepreneurs know what to do, and how should this trade-off between innovation and risk be treated? What are the broader social goals that ought to be achieved via innovation?
This keynote panel titled "Innovation: To What Purpose" at the Institute for New Economic Thinking's "Human After All" conference in Toronto, with featured speaker John Ralston Saul and moderator Rohinton Medhora, examines these questions.