The Wonderful and the Weird of Chinese 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.
The Creative Culture
The idea of the creative city or creative class took a back seat while the chatter among businesses and policy makers turned to innovation. Yet complexity economics tells us cities are where the bulk of innovation happens. Is it time to revisit ‘places’ as the focal point of innovation activity? A new report suggests yes but we have also to revisit what we understand by a creative city or region.
8 Reasons Why Chinnovation Will Persist
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.
Identifying and Exploiting New Markets in Growing Economies
The importance of new markets to growth can’t be overstated. But emerged, emerging and frontier markets are not just about growth. They are a perfect opportunity to extend our innovation capabilities. IM takes a look at the lessons of India as a product frontier.
Chinnovation – Unravelling the Dynamics of Chinese Innovation
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....
Innovation in South America
According to the last INSEAD Global Innovation Index 2009-2010, all South American countries are ranked below the 40th position. To improve the innovation situation in the region there are three main focus areas to be addressed: encouraging a culture of collaboration and the use of social media, encouraging intrapreneurs, and to introduce Management 2.0. Other key issues are Internet penetration and the Enterprise 2.0 concept.
Clusters Are Obsolete
Are Clusters or cluster initiatives really adding any tangible value to firms? Are they obsolete? Maybe not yet, but I believe if the present policy tools and institutional frameworks are not reformed they may very well soon become so. In the following blog I would like to focus on three areas that have not been given enough importance by policy makers: focus beyond geographies, new clusters and cluster performance.
Can Europe Really Become an Innovation Union?
Máire Geoghegan Quinn, the Commissioner for Research & Innovation in Europe, set a goal for Europe to become an innovation economy. By removing innovation bottlenecks, focusing on societal challenges and introducing a new form of Partnerships (European Innovation Partnerships) where (pan) European stakeholders can work together, Europe will create 3,7 million new jobs and position itself as a world player if not leader in innovation.
Changing times –preparing for the ‘New Economy’
Perhaps your company’s product innovation process is one of the casualties of the Great Recession. Yet, you know that a steady release of new products or services into the marketplace remains the only way to stay strong and grow in an increasingly competitive world. Companies need to produce more with less, to make it faster, and to do it with reduced personnel. What do you do? Read more in this article by Dr. Scott J. Edgett.
Crowdsourcing 2.0: user-centred innovation meets social media
President Obama ‘crowdsourced’ a part of his political agenda with his change.gov initiative, which embraced the conversation and allowed users to identify topics that were important to them and vote on their relative importance. The addition of social media tools and philosophy to the mix resulted in a perfectly ordered list of the political issues that mattered most to US citizens.
Discover New Possibilities with Reverse Innovation
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.
Collaborating Downstream in Emerging Markets
Not so long ago, internal R&D activities were considered one of the most valuable assets a company could have. The rather “outmoded” concept of closed innovation, in contrast to open innovation, was built on self-reliance and on the principle that successful innovation required control and secrecy.
Market Orientation Supports Innovativeness Over Time
We know that clusters of co-located firms play an important role in supporting innovation and wealth creation. Spatial proximity can allow firms to take advantage of scale and positive externalities such as access to skilled labour, specialized subcontractors and rapid flows of information. Shared history, trust, and common understanding of phenomena may also enhance cluster members’ ability to interpret, and learn from, each other’s strategies. Yet location in regional clusters in and of itself does not guarantee success.
Is the Business Model of Management Consultancy Dead?
It is coming our way, and we had better be prepared and ready. What (probably rightly) began in the legal industry is hitting management consultancy: an outcry against paying by the hour and paying premium rates for consultants just out of business school. Let me be straight out: I am worried but excited! Worried because I foresee a market shift that will erode and potentially eradicate the business model of management consultancy as we know it today. Exited because we (the readers), through InnovationManagement, have the chance to innovate the business model!
The New Nature of Innovation Revealed
The paradigm of innovation as driven primarily by technology and science is passé. A new paradigm is emerging, with the publication of success stories of companies innovating through other ways. The Danish and Finnish governments jointly funded a study into the new nature of innovation, as a contribution to the OECD’s work on innovation strategy. Innovationmanagement.se asked the FORA team behind the report to present the highlights. FORA is a research and analysis division under the Danish Authority for Enterprise and Construction