Rather than getting to the market as quickly as possible, businesses are taking a more measured approach to innovation in 2018. Comparing to data from 2016, the GE Global Innovation Barometer found that “innovation achievers” are increasingly cautious in their approach to innovation.
Retaining its position for the fifth consecutive year, South Korea is the most innovative country in the world, according to a recent league table published by Bloomberg. The Asian country took the top spot in the 2018 Bloomberg Innovation Index, which used seven criteria to compile the list, including research and development spending and concentration of high-tech companies.
By Joachim von Heimburg, innovation architect and executive advisor
By Langdon Morris, co-founder of InnovationLabs LLC