Eee, almost missed this one from a week or so ago... 'Sgt Pepper economics' demanded
Whereby... Beatles "innovation" = bringing sitar (and other such worldy influences) into their albums, to create fresh new sound.
Therefore academic "innovation" = hugging "globalisation" to create fresh new ideas.
Interesting. Personally, I read this as being encouraged to go on a 6 month trip to an Indian commune, smoke lots of exotic plantery, come back and write a thesis on the necessity of more love and bagels in politics while only wearing a dhoti. We could call it "yellow submarine thinking".
Just need to get funding now.