The purpose of this paper is to look at the results of three recent innovation studies.
The paper examines three recent innovation studies on the state of innovation within “western” industry.
Three recent innovation studies paint a complex and in some cases worrying picture of the state of innovation within “western” industry. On a positive note they suggest that there remains, despite the global economy having taken a decidedly downward turn, a clear and stated commitment to innovation among the majority of “Western” manufacturers. In addition many are investing more into developing their innovation activities, with a growing focus on creating innovation measures and an increasing demand for tangible tools to boost innovativeness. However, the process remains a major sticking point, with an apparently noticeable disconnect between organizations' desire to innovate and their ability to do so effectively. In particular its appears that while companies may be now more adept at generating innovative ideas, they are still far less effective at turning those ideas into reality, which is clearly a major concern as commercializing an idea is what innovation is all about.
The paper provides an interesting view of the state of innovation within “western” industry.
