Globalization of R&D can be illustrated by multinational corporations, which are decentralizing their R&D organizations across advanced and emerging economies. This strategy optimizes the balance of cost and capability access and provides synergy with commercial development of a wider range of local markets.
Watch: Innovation
Booz & Company’ s annual study of the world’ s biggest R&D spenders shows why highly innovative companies are able to consistently outperform. The study, now in its sixth year, has consistently demonstrated that the success of these companies is not a matter of how much these companies spend on research and development, but rather how they spend it.
The Economist magazine writes about U.S.A. and Britain governments’ measures on funding social innovation efforts. The magazine also, gives a background of social innovation and social entrepreneurship.
The report, published by NESTA, proposes a framework for innovation that can be used by both arts funders and arts organisations. It describes the rich ways that arts and cultural organisations innovate in audience reach, push out artistic frontiers and create economic and cultural value.
The event, Innovation: Fresh thinking for the ideas economy, held at the University of California, Berkeley on March 23 and 24, was a multi-part, multimedia forum designed to fuse creativity with action. The event, organised by The Economist, expanded thinking about what innovation is, where it comes from, and how to make it work.