But an equally destructive consequence of government management is a lack of customer focus and product innovation.

FORBES: My Worst Vendor

Sir Andrew Foster's inquiry into the affair on behalf of the government blamed poor management at the LSC and failures at the former Department for Innovation, Universities and Skills for not spotting the overspend.

BBC: Few college buildings to go ahead

Joining me at the event will be a number of champions of innovation in government, including Acting Director of the Office of Management and Budget Jeff Zients, Director of the U.S. Office of Personnel Management John Berry, and U.S. Chief Information Officer Steve VanRoekel.

WHITEHOUSE: It��s Go Time for the Presidential Innovation Fellows