Living in a globally connected world of Innovation

Innovation is a globally connected worldAs we think through innovation, do we every consider the broader global effects and what is helping us to accelerate or seemingly holding us back in our innovating impact?

For policy makers around the global all working to design the most optimum innovation conditions, they might not be considering enough about the true effects their individual policy-decisions mean, they might actually be undermining the very thing they are attempting to achieve for themselves

One report I have attempted to absorb is the one released in January 2016 by the Information Technology & Innovation Foundation (ITIF).  “Contributors and Detractors: Ranking Countries’ Impact on Global Innovation”.

This report offers a number of alternatives to give fresh perspective, a new slant to thinking through innovation and sometimes the “knock-on effect” of isolated thinking can have about innovation in a globally connected world. The search for an “altruistic effect” in our global world offers some interesting fresh perspective for appreciating innovation policy design.

This report assesses 56 countries on how their economic and trade policies contribute to and detract from innovation globally. It can alter thinking in my opinion in a globally connected world where innovation can have such impact if coordinated well.

The report is found here: Continue reading

A Need for a Ministry of Innovation

I am presently busy preparing for a visit to Singapore. I balance my time between Switzerland and Singapore as my business base and as they are ranked 1 & 3 in the WEF’s Global Competitive Index, it is sometimes hard to get an even deeper attention to innovation as this sort of ranking gives a certain belief, yet I often wonder why. I think countries often get blindsided in the pursuit of what they know and ignore what they seemingly can’t capture.

Let me be perfectly clear both countries I operate between, take competitiveness seriously; they both have a real need to maintain their attraction to foreign investment for their prosperity, as they have limited resources to call upon if you compare them to the USA, China, India or Germany for example, and do set about creating the right environment for this but they have their blind sides it seems to me still. Continue reading