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Some excellent insights into the power of quality connections and the network effect with respect to R&D, innovation and open borders
Hard times call for new solutions and we are starting to take a good hard look at how innovation really works and what we can do to improve performance. Recent reports from theOECD on national innovation strategy represent a big shift from the old linear models that start with R&D and end in successful products. One of the major points from a study of innovation indicators is that the measurement of R&D is a poor indicator of innovation. Even in Australia where there are tax benefits for R&D spend, the product innovation difference between firms that report R&D and those that don’t is minimal
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