Innovation 2010: Boston Consulting Group
Posted by Isidoros Passas at 22 April 2010 in Innovation
One of the latest reports published by Boston Consulting Group (BCG) is the “Innovation 2010: A return to Prominence – and the emergence of a new world order”.
According to the executive summary of the report, some of the key findings are:
- After a pause in 2009 that reflected companies’ growing concerns about the economy innovation is once again a top priority for most companies.
- Companies’ willingness to spend on innovation, and their satisfaction with the return on innovation spending, are inching higher.
- Caution remains in the air, however, and companies are adjusting their strategies and tactics.
- Executives consider a risk-averse corporate culture, lengthy product development times, and inadequate measurement practices to be key areas of weakness.
- The organizations that top BCG list of the most innovative companies remain unchallenged – but a longer –term change seems to be underway.
Source: The Boston Consulting Group
Source
Slide Share Documents from Mr. Fred Zimny.
Dear Dr. Rao,
Thanks for starting the discussion: How to plan new Innovation universities?
I have been working for 5 years at University of Twente, An Entreprenerial University, and recently conducted a feasibility study to launch a new Master on Innovative Entrepreneurship.
My view is that Innovation Universities can not be planned, as the process is emergent. At best an entrepreneurial/innovation-centric learning environment can be created. As for all Universities for innovation to happen, we need
a. Good people (faculty, management etc.)
b. Funds
c. Freedom
d. Ideas
and a co-ordinating agent be it a MSME-Innovation cluster or a consulting (network) like BCG or ourselves. I will raise this as a discussion question at my upcoming talk at Greenwich University on 28th May, outline is more or less as follow:
Intro:
1. This is India’s century and more specifically India’s decade of Innovation.
2. EuroAsian is a movement to support India’s development agenda on Inclusive Growth by supporting (inter)national initiatives that have India’s development to their heart, in vision and action.
3. India-UK relations in Higher Education, Research and Innovation are the focus for Eurasian’s UK agenda
Body:
3. India needs support for institutional development and capacity building in Entrepreneurship & Innovation Management which UK institutions and (training) companies can offer.
4. UK and India need fresh thinking, and entrepreneurial inputs which British and Indian youth when properly educated and trained (read- employable) can provide to make the world a better place, be it our planet, our people or to make profit and share that so the root causes of conflict in our highly networked-world can be addressed.
5. Structured networking as an educational methodology for creating learning environments is the way to go when it comes to nurturing the entrepreneurial spirit and igniting the innovator’s mind (will explain this concept that we have pioneered and tested in our network events across Europe and India in the last 2 decades).
6. Radical new insights where vision (like India 2020) can be converted into reality through action is only possible when there is an open dialogue between the various stakeholders, for instance for Innovation & Entrepreneurship, it would mean faculty, innovators, investors and government, and Centre of Indian Business at University of Greenwich is a good platform and tool to make this happen, and will have our support.
Conclusion
7. This is not the end but the beginning of our discussion, and, to together learn, unlearn and re-learn from each other, and I hope that my initial remarks can work as a trigger.
Wish the Indian Business Centre all the success, and congratulate the team to put together such a nice event!
Regards,
Vivek