Guest post: the innovation wave in emerging markets | beyondbrics

Guest post: the innovation wave in emerging markets | beyondbrics:

"By Rich Lesser of the Boston Consulting Group

Once the province of technology and pharmaceutical companies, innovation is rapidly moving up the agenda of CEOs throughout the global economy. “Meeting the Innovation Imperative” is the key theme at the World Economic Forum’s annual meeting in the Chinese seaport city of Dalian. Here, at the Dalian Convention centre – whose sleek design and smart use of new technology make an appropriate setting – more than 1,600 top executives from 90 countries have been thinking through the implications. With global competition fiercer than ever, leaders of countries and companies have no option but to employ an innovation-driven strategy: to harness technological, economic and social shifts and create an environment conducive to entrepreneurship and innovation.

Innovation, almost by definition, has the potential to ignite growth and boost performance. It is sought – and celebrated – for good reason. But in turbulent times, when R&D budgets are vulnerable and growth is more elusive, the stakes are even higher. The right idea, launched at the right time, can push a company far ahead of its peers."

'via Blog this'