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Wednesday, March 09, 2005
Asian Century : The Rise of Innovation in Asia
Jeff Nolan points out to the HBSworking article on Rising asian innovation prowess.We recently covered John Hagel & John Seely Brown's detailed writeup here and here stating,"Far from being easy targets for exploitation, emerging markets are generating a wave of disruptive product and process innovations that are helping established companies and a new generation of entrepreneurs to achieve new price-performance levels for a range of globally traded goods and services". David Kirkpatrick writes,"After my trip to India last month,my worldview has been changing" -" Now I'm aware of how quickly the divide between the developed countries and developing ones is closing. Seeing what’s happening in India helps make it clear that the U.S. can no longer count on remaining the world's technological leader". To stay competitive with India—and other emerging economies—it must do more to train young Americans in the sciences and technology. David adds, "Jeff Immelt, CEO of General Electric, explicitly drew the link in a reent discussion - "In India and China," he said, "30% of the students get science and engineering degrees. In the U.S., it’s 4%." In India, it is every parent’s dream that his child become either an engineer or a doctor. In the U.S., engineering is considered uncool. Citizens in other nations— India, China, and elsewhere—show a more tenacious work ethic and a greater willingness to tackle tough subjects like engineering". Also add the fact that India has the maximum number of young people in the world today and also the maximum number of english speaking young people.The Economist captures this succintly when it wrote,"A broader view of innovation that values the role of incremental change communicates the power of bootstrapping.Companies that start out with limited capabilities—such as those in many developing economies—can rapidly build them over time through a series of modest process and product innovations. Ultimately, individual innovations may matter less than the institutional capacity to sustain a rapid series of improvements and the pace at which they are developed and disseminated through the network. The principles and examples are very illuminative, but Asia( nay india) may need to do more to change the rules of game decisively across all shades of the spectrum. We also covered recently about the Heightened interest about India.
|Sadagopan's Weblog on Emerging Technologies, Trends,Thoughts, Ideas & Cyberworld