Base innovation stagnation combat on 10 global trends
In her latest article Stephanie N. Mehta, FORTUNE senior writer on June 29 2006 is referring to Diana Farrell, director of McKinsey Global Institute, McKinsey & Co,’s economic think tank. Farell says her firm has seen the phenomenon of innovation stagnation all too often. To help business leaders combat innovation stagnation, she’s assembled a list of ten trends that every businessperson needs to think about — and if he’s bright, he’ll figure out innovative ways to capitalize on these trends.
The trends were thought-provoking enough that it was decided to provide you with a crib sheet of all ten ideas. Now get innovating – before some other guy does.
- Centres of economic activity are shifting.
- The public sector is overburdened.
- New consumers are coming.
- People lead social lives in a technologically connected world.
- Watch for turbulent tides of talent.
- The free market has a social cost.
- Limited resources, unlimited demand.
- New global industry structures are taking hold.
- A new science of management will emerge.
- A new economics of knowledge will evolve.