On one hand “Educational” is an adjective that refers to any instrument or activity (text, subsidy, radio and television program, travel, stay, etc.) which has training purposes (Garzanti). On the other when we speak about innovation we mean or a new idea or a new method to do something that we already know. In according with these definitions an educational innovation is the implementation of a new instrument or activity which has training purpose. The main reason of the importance of educational innovation in comparison of technlogies is that the human capital is the essence of innovation. According to the OECD, human capital is defined as: “the knowledge, skills, competencies and other attributes embodied in individuals or groups of individuals acquired during their life and used to produce goods, services or ideas in market circumstances” (OECD 2010) .
Learning and a formal institution should be fostered so as to get people with ever greater and new skills in their lives. To ensure an efficient education system that meets the ever-changing requirements of society, one should start thinking about innovative reforms. The quality of teaching should be improved through:
- better initial selection of teachers
- ongoing evaluation to identify areas for improvement
- recognising and rewarding effective teaching
Furthermore, an implementation of the idea of “education” is a kind of “internationalization of education”, so that it is possible to broaden one's own knowledge by confronting different cultures and countries, as has been happening for several decades with the establishment of various exchange programs
Production of Human Capital
The human capital need is product in the universities, colleges and vocational training centres. These institutions bond businesses, governments and countries to more open system of innovation. The major policy challenge is to recognise the essential role of universities in the innovation enterprise rather view them simply as providers of essential public goods. A wider entrepreneurial culture should be encouraged by education and training policies. This should be happened because people participate in innovation not only by creating, diffusing or adapting technologies, but also as consumers. Likewise, citizens and consumers themselves should be more interested in more education and information in order to have more skills to offer in the labor market and to understand in a better way the socio-political situation in which they live.
Effects on the market
The market should be improved by helping consumers to become active participants in the innovation process, in this way they could make informed choices, thus succeeding in diminishing the information asymmetry characteristic of the markets. It is essential to ensure that the information provided to consumers is easily understandable. In addition, this will increase the competition between the businesses.
- Linguistica Garzanti ( 2019) https://www.garzantilinguistica.it/ricerca/?q=educational
- OECD (2010) The OECD innovation strategy