Here we highlight selected innovation related articles from around the world on a daily basis. These articles related to innovation and funding for innovative companies, and best practices for innovation based economic development.
Unable to join a youth entrepreneurship conference in Sydney, Australia, this week, I used the saved travel time to engage virtually in the conversations and to take a look at the entrepreneurship ecosystem “Down Under” that has been making a lot of noise up and over the world during the last five years.
Over the history of various annual indices such as the Index of Economic Freedom and the World Bank’s Doing Business ranking, Australia has advanced toward the top. Since the 1980s, successive governments have deregulated financial and labor markets and opened trade avenues.
Innovation has been a major factor in the growth of productivity in the U.S. over the past 50 years, and for businesses and countries the world over it continues to grow in importance.
So says Andrew Taylor, partner and managing director at Boston Consulting Group. Taylor, who heads up the firm’s innovation strategy practice, gave the keynote address late last week at the 2014 Product Development and Management Association-UIC Innovation Doctoral Consortium at the UIC Forum.
Image: Andrew Taylor, partner and managing director of The Boston Consulting Group, Inc. (Courtesy of Andrew Taylor)
The Organization of Economic Cooperation and Development, which brings the world the international testing program of 15-year old students known as PISA, just issued a new report called “Measuring Innovation in Education: A New Perspective, Educational Research and Innovation.”
You've probably heard the figure before: the average full-time working woman earns just 77 cents for every dollar a man earns. This, despite the fact that since 1967, the number of women working in the United States has been steadily rising--from 29% to 46.9% in 2012. Women continue to make strides in workforce participation, yet not all female laborers are treated the same across the country. It turns out, where women live impacts how much they make and how equal their earnings will be to their male counterparts.
Believe it or not this is a woman in full body paint..... Clue: Her left leg pointing down like a tail, right arm is braced on the stump, her other arm is folder over her head. You have to look at it for a while for it to come to you. The bird's eye is in the center of her forehead.
America, seen either from here or from abroad, doesn’t look so good these days. The country that maintained world peace for decades now “leads by behind,” or not at all. You don’t have to have nostalgia for George W. Bush’s foreign policy to wish for someone in the White House who at least belongs in the same room with the likes of Vladimir Putin. Some wags now suggest that President Barack Obama has exceeded Jimmy Carter in foreign policy incompetence – Carter certainly was more effective in the Middle East.
NBA All Star and two-time Olympic gold medalist Carmelo Anthony is getting in the seed investing game in partnership with Stuart Goldfarb, the former executive vice president of NBC and chief executive of Bertelsmann Direct North America.
The pro athlete and the media entrepreneur have formed a fund, M7 Tech Partners, to invest in seed-stage tech startups.
There’s always that moment when you’ve crafted the perfect email, re-read it twice, confirmed your contact’s email address, and find yourself staring at a blank subject line wondering how to proceed. “Nice to meet you”? No. “Kelsey Manning--Met at XYZ Party”? Absolutely not. That subject line just stares back at you, unblinking, daring you to come up with something pithy and brilliant that will stand out in that person’s inbox. It’s not easy. So we brought in some experts.
All countries are not equal – in gender as in much else. Our Annual Country Scorecards show how national culture and legislation impacts companies’ progress on gender balance. Where many European and North American companies have been on a slow but steady gender-balancing journey, big business in much of Asia is (at best) only just waking up to the issue. Here is a short travelogue of corporate gender balancing across a few key countries, based on data from the top 20 Fortune Global 500 companies in each one. You’ll find the more detailed reports here.
Does America's immigration system make sense to anyone?
The recent influx of thousands of migrant children from Central America has highlighted the failure of reform efforts and gripped the nation’s attention. This is a humanitarian crisis that must be resolved. But forgotten in the emotional debates over immigration are the more than one million legal, skilled immigrants who have been held hostage to political wrangling. Many of these doctors, scientists and engineers are getting fed up with being in immigration limbo and are leaving the country. They are in high demand wherever they go. The loser is the United States, because it is limiting its economic growth and creating its own competition.
These days, every business needs to innovate. While many in the past assumed that they could get by running the same old business the same old way, the fact is that 87% of the companies on the Fortune 500 in 1955 no longer exist. So clearly, today’s firms can’t stand still and must pursue a variety of innovation strategies. Some invest heavily in R&D, others use advanced technologies to improve existing products and others create open innovation partnerships to solve tough problems.