Dealing with complex and uncertain environments requires a steady stream of innovation as well as occasional radical transition. This type of innovation relates to both seeing new challenges and opportunities and letting go of others. Each of these poses challenges for organisation and management. Innovation in and of itself needs to be organised as a systematic activity.
Capabilities differ from skills, which are units of competency that link to a defined need. Attributes of human capabilities are independent of context and include things such as curiosity, imagination, critical thinking, social and emotional intelligence. It is the capacity to ask the right questions of unforeseen problems and develop new solutions. Capabilities are broadly applicable across institutions and markets, as well as over time. While financial resources, including social development assistance, are vital, they are not enough to promote sustainable capability development. Regions need supportive strategies, policies, laws and procedures, well-functioning organizations, and educated and skilled people, to plan, implement and review their local development strategies.
This action agenda looks at how a region can advance its development through developing sufficient human capability.