The report outlines the approach the UK must take to leverage the potential of its innovation machine.   The 21st century will be a time of rapid technological change… spurred on by the grand challenges we collectively face.  For some time there has been a feeling backed up by evidence that the national innovation system in

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The Telegraph One in five ‘must become an engineer’ http://www.telegraph.co.uk/finance/jobs/9936226/One-in-five-must-become-an-engineer.html This piece in The Telegraph outlines the magnitude of the technological skills gap that needs to be plugged if the UK is to realise its potential in technological innovation. The facts presented are, 1. The UK is 600,000 short of staff, skilled in STEM subjects (Science,

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The latest UK.GOV report into innovation makes for interesting reading for innovation practitioners.  I have summarized the key points in terms of what is happening, in which sectors, and what is stopping firms from becoming more successful.  The report headlines the criticality of innovation – that investment in innovation increases productivity by 50% and is

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The study aims to develop understanding what differentiates top innovators from other companies in different industries. CTO’s expect the revenue share of their company in new business areas (new areas and unmet existing) to double from 20% in 2010 to close to 40% by 2020. Key findings from the report, 1. Use ADL’s Innovation Excellence

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This report commissioned by KPMG examines the perspectives of global industry execs across industry sectors and the globe. It is manufacturing centred recognising that while a period of cost-containment is fine, it is the innovation of products, processes and services drives top and bottom line growth.  In economist terms, Innovation is occurring at both the benefits line and

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If you think innovation matters you might like this first of a series of posts.  Lots of reports and evidence out there cite the key to innovation success – So I’m going to research this area to discover if there is such an “X-factor” in transforming laggards into exceptionally innovative companies. This post reviews and comments on the Boston Consulting Groups

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Commentary – The Economist, 12.03.2013 Three years ago I took the plunge and did the MBA I promised myself, now complete I am happy to report!  Over my career in the international chemicals industry, I’ve seen the good, the bad and the downright ugly of business. Pennies cannot help but fall from my pockets as I

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Focus Article – Sunday Times 10.03.2013 The nation, by all accounts heading towards the triple-dip, as become attracted to the idea of rebalancing the economy as a way of solving its economic woes.  Has the entire nation now got what all the engineers and scientists have been saying for decades? The buzzword is Growth as the national innovation machine

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Commentary on the Cambridge University Institute for Manufacturing’s report on High-Value Manufacturing I’ve spent many years at the front-line of innovating in high-value manufacturing.  High-value is characterised by a combination of high R&D intensity and high growth – as predictors of financial success over the long-term.  High value manufacturing accounted for 35% of all UK exports in

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Highlights and some surprises from the final day from the Technology Strategy Boards Innovation 2013 event. 1. Even amongst “professional” innovation practitioners I see a wide variety of belief what innovation is and the types and scales of it. There are many opinions about what is the similarities and differences are between R&D, innovation, industrialization, entrepreneurship…

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