People's Daily Online -- Ten percent of enterprise revenue made through innovation in China
This is an interesting article with lots of stats and a survey of 1600 senior managers who generally believe that income generated by innovation will increase in the future. From a survey by the National Statistics Bureau 70% of China’s enterprise revenue comes existing products and services, 20% from improvements to these products and services and 10% from innovation. Private enterprises profit most from innovation at 13% whilst state owned companies’ revenue from innovation is below the national average.
The group of senior managers surveyed generally believes that income generated by innovation will increase in the future. To achieve this 87% are looking to investment in increasing human resources in the next 3 years, 73% in better equipment and 15% plan to spend more on patent purchasing.
Wednesday, October 25, 2006
Wednesday, October 04, 2006
End of Day One....
So – more interesting stories – this time from people like Jeneanne Rae and Sirius' Mary Pat Ryan – but the same themes still – Passion the vital ingredient for innovation; ideas are nothing without execution; innovation happening at the combination of different worlds and viewpoints (a point I'm sure will be hammered in tomorrow when Frans Johansson takes the stage). Clay Rockefeller and Josh Kopell also presented interesting stories.
All the stories today have been pretty interesting – hell, innovation's an interesting topic – and many share common traits that betray the truths of working in an innovative environment and taking innovation into reality. As such, I guess this conference has been a success (and I won't waste space here going over what so many other of my fellow Corante bloggers (http://innovation.corante.com) are covering in such a great way already) – but I have to remark on what a shame that questions haven't been allowed – for one of the greatest truths of the knowledge management era (and let's face it – that's what this essentially is – an exercise in knowledge transfer through storytelling) – is that people never know the full depth of what they know until they need to use it. Allowing questions might've released some of the more hidden knowledge nuggets the innovators here had to share – something very valuable indeed....
So – more interesting stories – this time from people like Jeneanne Rae and Sirius' Mary Pat Ryan – but the same themes still – Passion the vital ingredient for innovation; ideas are nothing without execution; innovation happening at the combination of different worlds and viewpoints (a point I'm sure will be hammered in tomorrow when Frans Johansson takes the stage). Clay Rockefeller and Josh Kopell also presented interesting stories.
All the stories today have been pretty interesting – hell, innovation's an interesting topic – and many share common traits that betray the truths of working in an innovative environment and taking innovation into reality. As such, I guess this conference has been a success (and I won't waste space here going over what so many other of my fellow Corante bloggers (http://innovation.corante.com) are covering in such a great way already) – but I have to remark on what a shame that questions haven't been allowed – for one of the greatest truths of the knowledge management era (and let's face it – that's what this essentially is – an exercise in knowledge transfer through storytelling) – is that people never know the full depth of what they know until they need to use it. Allowing questions might've released some of the more hidden knowledge nuggets the innovators here had to share – something very valuable indeed....
Lunchtime...
So the talks themselves have so far been the predicted mix between intellectually fun with the odd practical tidbit thrown in – hardly setting the innovation world on fire. So the focus instead has been on looking at the underlying themes behind the stories that people are sharing. The big one from my perspective, has been the constant mentions of the need for “passion” in the innovation that people are trying to make a reality. True, not exactly a breakthrough thought (I mean, if you're passionate about something, you're more likely to work harder to make something work and therefore the more likely you are to make something work) – but still something that is frequently forgotten/ignored in big corporates. In fact, the more I think about it – it's funny how people always say that the difference between big companies and small competitors is the small company's ability to be more “flexible”, and more “reactive” to changing demands when compared to the big lumbering machine that a big company can be. However the real issue is that people in a small company are more likely to be engaged and passionate about the business – they just work harder as a company overall because everyone is more committed to making that company's vision a reality. The trick for big companies is figuring out how to instill that entrepreneurial passion in a corporate environment that doesn't always reward it – but desperately needs it if projects are to be as successful as they should be. Enough rambling – back to the conference....
Oh if you want Larry Keely's pretty pictures:
http://clientweb.doblin.com
username BIF
password: innovation
I believe access is only good for two weeks – so go get them now.
So the talks themselves have so far been the predicted mix between intellectually fun with the odd practical tidbit thrown in – hardly setting the innovation world on fire. So the focus instead has been on looking at the underlying themes behind the stories that people are sharing. The big one from my perspective, has been the constant mentions of the need for “passion” in the innovation that people are trying to make a reality. True, not exactly a breakthrough thought (I mean, if you're passionate about something, you're more likely to work harder to make something work and therefore the more likely you are to make something work) – but still something that is frequently forgotten/ignored in big corporates. In fact, the more I think about it – it's funny how people always say that the difference between big companies and small competitors is the small company's ability to be more “flexible”, and more “reactive” to changing demands when compared to the big lumbering machine that a big company can be. However the real issue is that people in a small company are more likely to be engaged and passionate about the business – they just work harder as a company overall because everyone is more committed to making that company's vision a reality. The trick for big companies is figuring out how to instill that entrepreneurial passion in a corporate environment that doesn't always reward it – but desperately needs it if projects are to be as successful as they should be. Enough rambling – back to the conference....
Oh if you want Larry Keely's pretty pictures:
http://clientweb.doblin.com
username BIF
password: innovation
I believe access is only good for two weeks – so go get them now.
BIF – Day One
Morning...
So am at BIF today – an innovation conference run by a local no-profit organization in Rhode Island with a bit of a twist: Rather than focusing on “gurus” regurgitating books and practitioners giving case studies, instead this conference focuses on the personal stories around innovation – presumably leading to a Steven Demming approved notion that the stories will aid the absorption of the lessons behind the stories. But does a day (or two if you stay for both days) of listening to innovators talk about their personal experiences really end up giving you something new and practical to take home to your company to use – or will it just be fodder for intellectual amusement. Realistically I'm hoping a mixture of both – but nevertheless, this intrigued me enough to make the 1 ½ hour commute, battling rush hour on both ends, from Boston to Providence to see the results. I'll try and post the odd blog entry over the time I'll be here which will also be the first time I think we've actually posted directly from a conference on a conference (I've posted from conferences tons of times in the past – but usually because I find my own intellectual creativity stimulated in the lulls created by duller speakers ;) ) - So let's see what happens...
Morning...
So am at BIF today – an innovation conference run by a local no-profit organization in Rhode Island with a bit of a twist: Rather than focusing on “gurus” regurgitating books and practitioners giving case studies, instead this conference focuses on the personal stories around innovation – presumably leading to a Steven Demming approved notion that the stories will aid the absorption of the lessons behind the stories. But does a day (or two if you stay for both days) of listening to innovators talk about their personal experiences really end up giving you something new and practical to take home to your company to use – or will it just be fodder for intellectual amusement. Realistically I'm hoping a mixture of both – but nevertheless, this intrigued me enough to make the 1 ½ hour commute, battling rush hour on both ends, from Boston to Providence to see the results. I'll try and post the odd blog entry over the time I'll be here which will also be the first time I think we've actually posted directly from a conference on a conference (I've posted from conferences tons of times in the past – but usually because I find my own intellectual creativity stimulated in the lulls created by duller speakers ;) ) - So let's see what happens...
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