Whether it’s the progress of technology, the rapid growth of the emerging markets, or the nature of capitalism to destroy and renew industries, the challenges of maturity have tended to be overlooked in recent years. Now, however, with many economies slowing down and the world’s population getting progressively grayer, this may need to change. In this series, we look at what it takes for businesses to navigate their middle years. In part 1, we explore what it takes to lead a mature company.
The China statistics you need to know: from data on growth in R&D spending to flagging automobile sales and China’s precious metal exports.
NYU-Stern professor Kim Corfman on the importance of creativity in business and the role of culture in spurring or constraining creativity. Creativity is important for organizations. Period. It’s a simple correlation: higher creativity leads to greater innovation within the organization and thus, greater success over the long run. Having said that, creativity is also becoming […]
Why do some products and technologies take off while others don’t? Why did iPhones become such a rage overnight, while some much hyped (and technologically sound) releases, such as Sony’s Blu-Ray discs, bombed in the market? The diffusion of innovation, or the likelihood and speed at which innovations and technologies spread, is a tricky science. There […]
Innovation accounts for a sizable portion of economy-wide growth in productivity, especially in high-income countries. According to the 2011 World Intellectual Property Report ‘the Changing Face of Innovation’ recently released by the World Intellectual Property Organization (WIPO), innovation-driven growth is no longer the prerogative of high-income countries alone. Low and middle-income economies including China have […]