Base innovation stagnation combat on 10 global trends

Posted by Isidoros Passas at 6 July 2006 in Innovation

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.

  1. Centres of economic activity are shifting.
  2. The public sector is overburdened.
  3. New consumers are coming.
  4. People lead social lives in a technologically connected world.
  5. Watch for turbulent tides of talent.
  6. The free market has a social cost.
  7. Limited resources, unlimited demand.
  8. New global industry structures are taking hold.
  9. A new science of management will emerge.
  10. A new economics of knowledge will evolve.

Related sources

http://money.cnn.com/2006/06/29/magazines/fortune/pluggedin.fortune

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