Apple

Why R&D Spending has Almost No Correlation to Innovation

Why R&D Spending has Almost No Correlation to Innovation

A newly released infographic by Visual Capitalist shows that while the US leads in the amount of dollars spent on research and development ($463 billion), it only came in fourth place with the percentage of GDP spent on R&D (2.79 percent), just over half of the GDP percentage invested by South Korea. Beyond Korea, the US is trailing Japan and Germany.

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Does the new need to be new?

Does every innovation need new technology, or a new manufacturing process, or a new patent? Does it need to be new for the sake of it? Not if you understand exactly what you have before you start, and how it can be exploited further to meet new demands in the marketplace.

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Can You Prevent Your Idea from being Rejected?

When you have come up with great ideas the question is how to make them reality. In practice, I have learned that if they don’t fit your organizational goals, your idea will be rejected and nothing will materialize in the end. It is essential to check this fit as early as possible in your innovation journey. Fending off  ‘No’ The ...

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