Germany is a forward-thinking nation with the largest GDP in Europe. Germany is also one out of only four innovation leaders in the top performance group of all EU27 Member States. Their private and public sector R&D funding is on the rise in the midst of a global economic crisis and they enjoy growing economic ties with China. So what is Germany doing right?
More and more Multinational Companies (MNCs) are turning to China for open innovation for several important reasons. Find out what those reasons are and learn more about best practices to succeed at open innovation in the unique Chinese market. This article delves deeper into how harvest the power of innovation from one of the world’s most populous and fastest-growing countries
Look at almost any industry and you will see companies struggling to differentiate what they have to offer from everything else in the marketplace. So it’s hardly surprising that one of the most common complaints I hear from senior executives is “My product is becoming commoditized. Is there a way out?”
China’s ambition of become an innovation-oriented country by 2020 is an important part of the nation’s long-term strategic plan. Being the second largest science and technology thesis producer, and running the second largest economy next to the US, a lot of things are happening in China. Innovation Management spoke to Professor Richard Li-Hua, word-leading expert on innovation about his thoughts on China’s innovation.
Innovation changes the world and is the key to tackling the slow recovery of the western economy, and to solving unemployment issues according to professor Richard Li-Hua, a world-leading expert on innovation. Innovation Management spoke to him about his thoughts on the need for, and the role of, innovation management.
The Chinese are innovating in a uniquely Chinese manner and consequently rising as formidable challengers to traditional multinational companies. Professor Winter Nie has found four interesting features regarding the manner in which the Chinese innovate: innovation on-site, innovation to reduce costs, tailored innovation and rapid product innovation.
The pace and style of innovation in China is producing some weird, some wonderful and some odd new products. Yinglan Tan concludes the three part series on Chinnovation.
Continuing our series on Chinese innovation Yinglan Tan looks at 8 reasons why Chinese innovation will continue to be a major talking point in everyone’s career. If you thought today’s turbulence would soon be over, think again.
Innovation in China—mystery or mastery? It is widely believed that China’s entrepreneur class has grown, and that their businesses are succeeding, primarily due to their knowledge of the domestic market, their quick adaptation to market changes, and their resourcefulness. What are the real secrets? Yinglan Tan, author of Chinovation, in an exclusive look at his upcoming book discusses....
Before the radical shifts in technology disrupt the industry fabric, there exists a great potential to appropriate value from the market through incremental product and business model innovations. The less intense the competition, less matured the market - larger is the potential. The emerging markets of the world the BRICs (where s could stand for the plurality as well as South Africa), have long been projected as the markets to invest in.
In the Chinese word for crisis ‘weiji’ (??), ‘wei’ ? means danger, and ‘ji’ ? means opportunity. Crisis does not have the same meaning in China as in Western society. Chinese people believe that danger can be turned into opportunity, if one acts wisely according to under the circumstances. This mentality can be clearly seen in the way that China has tackled the global financial crisis.
