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Just as Edison's incremental innovation to the lightbulb led to the centralized power system, today's initiatives may lead to innovations highly useful to the 21st century.
In such an environment, innovation is increasingly critical.
So why has the Ministry of Research and Innovation been giving the North only a quarter of what is spent in the south?
Taking a closer look at our area of interest, the automotive industry accounted for 18% of the total R & D spend represented by the Global Innovation 1000, making auto the third-largest-spending industry out of the ten broad sectors in the study, after Computing & Electronics (1), and Health (2).
There is a simple, important principle at the core of the disruptive innovation theory: companies innovate faster than customers' lives change.
True innovation leadership is about more than just the numbers of patents granted.
The Construction Innovation Forum is a non-profit, international organization founded in 1987 to encourage and recognize innovations that have improved the quality or reduce the cost of construction.
An innovation can be a new idea, technique, practice, procedure, or anything that is deemed new by the adopter.
Solid Innovation CEO Craig Fisher states, "Distribution companies with route accounting requirements want a reliable, easy-to-use mobile sales system that allows their customers to pay for product at time of delivery, so they don't have to bill their customers and have outstanding A/R.
FTI is a restructuring specialist that has worked with Enron, World-Com and others guilty of innovation hype.
Then someone comes along with a disruptive innovation that knocks the pegs out from under it.
The challenge we face here is to foster what I call a 'Culture of Innovation.
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