Just as necessity is the mother of invention, so hard times are often the catalyst to new products, service and business models. In this issue of Global Viewpoints we have collected the thoughts of eminent executives, academics and writers on how innovation is helping to shape our common future and help us to emerge stronger from the current economic trough.
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Social networks are the biggest driver of innovation we have seen since the birth of the web.
Current poll results
Agree :
43%
Disagree :
25%
Uncertain :
32%
Visitor comments
Zhenyu Chongqing, China
When we discuss about the importance of innovation, we should by all means consider whether such innovation overshoot the customer's needs, and eventually lead to commercial failure.
Raphael Dubai
The West is lagging behind on innovation and China is forging ahead. Unless more investment is put into technology research, Europe and the States will be left behind.
Richard Walker New York
Maybe businesses need to start giving financial rewards to consumers when they come up with good ideas?
Abhijit Mumbai
Companies as we know them are going to become redundant. It will soon be possible to get what you want from a hundred different places, just like file sharing happens for music. That will be the real innovation, so businesses need to watch out!
Rachel Sullivan Gloucestershire
I think the most interesting innovation in recent years in the ability to work remotely, so you can manage your own time and become more of an entrepreneur instead of an employee.
Suzie Barber Milan
Until we get rid of the need for burning hydrocarbons, all the innovation in the world isn't going to save us from devastating climate change.
Dennis Curry London, UK
Innovation Centres are often a critical path to success with respect to driving innovation. However, one must not forget that often it's not just physical presence or collaboration that act as the catalyst for success around innovation, but a more fundamental aspect of convergence,
Convergence relates to bringing the various enterprise or organization assets - resources, people, partners, business needs etc - together to create something of value that is both innovative and applicable. There are many ways to do this, but doing it right creates real magic.
Visitor comments
Zhenyu
Chongqing, China
When we discuss about the importance of innovation, we should by all means consider whether such innovation overshoot the customer's needs, and eventually lead to commercial failure.
Raphael
Dubai
The West is lagging behind on innovation and China is forging ahead. Unless more investment is put into technology research, Europe and the States will be left behind.
Richard Walker
New York
Maybe businesses need to start giving financial rewards to consumers when they come up with good ideas?
Abhijit
Mumbai
Companies as we know them are going to become redundant. It will soon be possible to get what you want from a hundred different places, just like file sharing happens for music. That will be the real innovation, so businesses need to watch out!
Rachel Sullivan
Gloucestershire
I think the most interesting innovation in recent years in the ability to work remotely, so you can manage your own time and become more of an entrepreneur instead of an employee.
Suzie Barber
Milan
Until we get rid of the need for burning hydrocarbons, all the innovation in the world isn't going to save us from devastating climate change.
Dennis Curry
London, UK
Innovation Centres are often a critical path to success with respect to driving innovation. However, one must not forget that often it's not just physical presence or collaboration that act as the catalyst for success around innovation, but a more fundamental aspect of convergence,
Convergence relates to bringing the various enterprise or organization assets - resources, people, partners, business needs etc - together to create something of value that is both innovative and applicable. There are many ways to do this, but doing it right creates real magic.