By Andrew Nusca
Posting in Aerospace
GE's new Global Innovation Barometer indicates that global executives believe the U.S. leads the world in innovation. Behind it? Germany, Japan and China.
According to a new "Global Innovation Barometer" report from GE, which polled 1,000 senior execs from 12 countries, the U.S. is the clear "innovation champion" in the world, followed by Germany, Japan and China.
The top 10, along with the percentage of agreement, below:
- U.S.A. (67 percent)
- Germany (44 percent)
- Japan (43 percent)
- China (35 percent)
- Korea (15 percent)
- India (12 percent)
- Sweden (8 percent)
- U.K. (7 percent)
- Israel (6 percent)
- France (4 percent)
But is perception everything?
According to the report, a strong majority believe that innovation will take on forms not yet seen in history, will be localized to specific markets and driven more by creativity than by scientific research alone.
A similar majority believe younger generations have an "appetite" for innovation. Simple majorities believe that copyright laws, the speed of bringing products to market and existing trade regulations are adequate to foster innovation.
More interesting data points from the report:
- 95 percent of respondents believe innovation "is the main lever for a more competitive national economy"
- 88 percent believe innovation is "the best way to create jobs" in their country
- 77 percent believe the greatest innovations will be those that address human needs, not just generate the most profit
- Innovation seen to benefit communications, healthcare, environment, economy, transportation, energy security and education the most.
- The countries that believe the most in innovation ("optimists"): Saudi Arabia, UAE, Brazil, India
- The countries that believe the least in it ("pessimists"): Japan, South Korea, China
Reading between the lines, though, the battles will be over just what constitutes "innovation" -- and how it will be achieved. A solid 40 percent believe it takes a combination of individuals, government and universities, while 27 percent believe small and medium companies will drive it.
Just 19 percent believe large companies will drive innovation.
For "optimist" countries to achieve innovation, GE says financial support and R&D partnerships with universities is key. For "pessimist" nations, GE says IP protection, long-term private investment and partners are key.
If you're interested, here's the full report:
Related on SmartPlanet:
- Obama offers call to arms on innovation; says 'the rules have changed'
- The state of innovation 2010: aerospace, agriculture surge; computing leads
- Top 10 innovative countries: Denmark leads world in 2010; Sweden, U.S. follow
- Innovation requires immigration, top U.S. executives say
Jan 25, 2011
What is it with the STEM and bidness media polling people who are ignorant about the topic on which they're being polled?! Let's see, I could poll a bunch of engineers and inventors and scientists, but, no, instead I'll poll some B-school bozos who don't have a clue. I could poll a few thousand consumers about the quality of the products they're seeing on the shelves, about new (innovative) products and product improvements they'd like to see, or I could just ask the clueless frat-boy B- school bozos. Maybe you should include a couple questions about the schedule of "socials", FCOL!
No, that's incorrect. Executives from 12 countries were polled, but all nations were included. If you read the full report -- the link's at the bottom -- you'll see an infographic with the top 25 countries. (...as perceived by executives from 12 countries.)
The top 10... out of only 12 countries surveyed? Countries that are known to be top in the area of innovation are missing. Denmark was ranked first as a country leading in innovation in 2010, by other surveys of course. How can that be missing from this survey? Canada and so many other countries are also proven innovation leaders. This survey says nothing. Posts like these make me wonder about the quality of the content on this site!
Unfortunately, at the K-12 level, achievement in Science and achievement in math track one another, and for math instruction, nothing beats out "practice, practice, practice". All the hand- wringing about K-12 instructional deficiencies in the US seems to ignore this basic point. USA scores in math AND science will not improve unless students are required to diligently PRACTICE. This isn't sexy, or sleek, or new, but it has to be done, and it is why students in asian countries routinely outclass their peers in the USA.
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I hope this is true. If it is we have a chance to overcome our educational system. Education creates our tomorrows and at 27th in the world it is killing our tomorrows. I for one believe that our K-12 educational system is the greatest threat to our national security and it must change or be changed very quickly.
But... but... last night, the President said we were lagging behind other countries in innovation... and we need to fix it by putting money into research, education, efficient cars, high-speed rail, green energy and other initiatives, to "redouble these efforts", while at the same time we need to "freeze annual domestic spending for the next five years." But it's OK, now, because GE CEO J. Immelt is now on a Presidential advisor.