The power of imagination is keeping old and new industrial groups developing through corporate venturing.

We all need to be "imagineers" now and there appears to be no more pressing demand for their talents than in the industrial sector, at least judging by the number of corporate venturing units in some of the industry’s largest companies.

Ja-kyun Koo, chief executive and vice-chairman of South Korea-based LS Industrial Systems, said "imagineer" was a compound word merging imagine and engineer. He told 135 people joining LS in December: "In this era, students majoring in humanities can survive…