IBS

PGPM Sem IV BSII(Batch of 2013)

Contemporary Issues

Competitive Innovation

Prof S V Bidwai

Syllabus
Contemporary Issues

Blue Ocean Strategy CSR as a Strategy Competitive Innovation Bottom of the Pyramid Technology Strategy Global Competitiveness.

Competitive Innovation

Definition
Competitive Innovation is the creation of better or more effective products, processes, services, technologies, or ideas that are accepted by markets, governments, and society. Innovation differs from invention in that innovation refers to the use of a new idea or method, whereas invention refers more directly to the creation of the idea or method itself. The word innovation derives from the Latin word innovatus, which is the noun form of innovare "to renew or change," stemming from in"into" + novus"new". Tarde (1903) defined the innovation-decision process as a series of steps that includes: First knowledge Forming an attitude A decision to adopt or reject Implementation and use Confirmation of the decision

Innovation Index
This international innovation index is part of a large research study that looks at both the business outcomes of innovation and government's ability to encourage and support innovation through public policy. The study comprised a survey of more than 1,000 senior executives from NAM member companies across all industries; in-depth interviews with 30 of the executives; and a comparison of the "innovation friendliness" of 110 countries and all 50 U.S. states. The findings are published in the report, "The Innovation Imperative in Manufacturing: How the United States Can Restore Its Edge."[ The report discusses not only country performance but also what companies are doing and should be doing to spur innovation. It looks at new policy indicators for innovation, including tax incentives and policies for immigration, education and intellectual property.

Top Twenty Countries on Innovation Index

Rank 1 2 3 4 5 6 7 8 9 10 Country South Korea United States Japan Sweden Netherlands Canada United Kingdom Germany France Australia Overall 2.26 1.80 1.79 1.64 1.55 1.42 1.42 1.12 1.12 1.02 Innovation Inputs 1.75 1.28 1.16 1.25 1.40 1.39 1.33 1.05 1.17 0.89 Innovation Performance 2.55 2.16 2.25 1.88 1.55 1.32 1.37 1.09 0.96 1.05

Top Twenty Countries on Innovation Index

Rank 11 12 13 14 15 16 Country Spain Belgium China Italy India Russia Overall 0.93 0.86 0.73 0.21 0.06 0.09 Innovation Inputs 0.83 0.85 0.07 0.16 0.14 0.02 Innovation Performance 0.95 0.79 1.32 0.24 0.02 0.16

17 18
19 20

Mexico Turkey
Indonesia Brazil

0.16 0.21
0.57 0.59

0.11 0.15
0.63 0.62

0.42 0.55
0.46 0.51