How are emerging market entrepreneurs leveraging technology and changing development paradigms? Why are the rewards of funding innovative new ventures in emerging economies worth the risks, and what makes these investments succeed? How can investors, policy makers, and the private sector in general help find and groom transformative high-growth enterprises?
In geometry, three points define a plane. In journalism, three events establish a trend. In public policy, three strategy forums might not conclusively confirm a consensus – but a recent think-tank trifecta suggests that a dramatic change is taking shape in the policy community’s thinking about economic competitiveness. Read moreTags: Innovation, policy, strategy, growth, Competitiveness Consensus
In the wake of the first global recession since World War II, governments around the world are looking for ways to boost growth and competitiveness. Given the fragility of the business and economic climate—and strained public coffers—the responsibility to get policy right is acute. But can public policy makers improve on their hit and miss record of intervention in the past? I would pick out three useful lessons that we have learned, often the hard way: Read moreTags: jobs, growth, climate-and, governments
How can we spur competitive industries? Tune in Saturday, October 13 at 10:30 JST to hear from Ngozi Okonjo-Iweala , Minister of Finance, Nigeria; Hideto Nakahara, Senior Executive Vice President, Mitsubishi Corp.; Byron Auguste, Social Sector Practice Global Leader, McKinsey & Co. and others.
With the global economy struggling to rebound from the prolonged financial crisis, the world’s policymakers are now assembling in Tokyo for crucial policy discussions at the annual meetings of the World Bank and the International Monetary Fund. Yet the chronic crisis may lead to new opportunities, if it provokes policymakers to re-think and recalibrate how they approach the challenge of competitiveness, growth and job creation.
The 1980s and 1990s was an unprecedented period of economic expansion in the United States. America doubled down on a strategy of suburbs, automobiles, housing, and the debt-fueled trappings of a consumer economy, which worked like gangbusters, boosting GDP for the nation, creating millions of jobs, and swelling corporate profits left and right. Not surprisingly, thousands of business books by American authors were translated into dozens of languages so that business students around the world could learn from what came to be known as “best practices.” Read moreTags: consumer economy, growth
What are the main trends in innovation? Mark Turrell, CEO of Imaginatik, shares his 10 predictions.
1. Innovation involves more than just R&D (seriously!) – Companies like Wrigley may have pioneered this, but it is clear that the best companies realized a while ago that R&D is only one aspect of innovation, not the be all and end all, and often not even the driving force. Growth often comes from innovation in new channels, new packaging, business models and so on – and it makes no sense to treat innovation as a single-function business activity, hidden away with the scientists in R&D. Read moreTags: time, problems, growth, change, mark