Economist Intelligence Unit: Cultivating a Talent for Innovation
Innovation capacity is a key competitive strength for companies. Ontario's innovation capacity makes the province a destination-of-choice for both international companies looking to develop their next breakthrough and international buyers searching for innovative technologies.
Fertile ground: Cultivating a talent for innovation is an Economist Intelligence Unit white paper published in 2009 and supported by the Government of Ontario, Canada. The report was based on a survey of 200 senior executives worldwide, research, and in-depth interviews with 15 senior executives and experts in innovation. The report identified five general factors that contribute to innovation. The first two factors are where government policy can contribute to enhanced innovation, while the other three factors are generally the purview of firms:
Access to talent
A commitment to support an innovative business environment
Encouraging “open” innovation (with customers and other external partners)
Globalizing innovation
Continuing to recognize the importance of face-to-face contact
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Fertile ground: Cultivating a talent for innovation
A report from the Economist Intelligence Unit; Supported by the Government of Ontario, Canada
The following podcast features two interviews focused on the extent to which innovation depends on bringing people together in a favorable environment.
Katherine Dorr Abreu, a Senior Editor at the Economist Intelligence Unit (EIU), interviews Paul Tyrrell the author of the EIU report Fertile Ground: Cultivating a Talent for Innovation, who elaborates on the findings of the report. Then, she interviews Jeffrey Elton, Senior Vice President of Strategy and Global Chief Operating Officer (COO) at the Novartis Institutes for BioMedical Research (NIBR), who describes how a model of open innovation and collaboration has worked in his organization.
(Total Time: 16 minutes 27 seconds)
You can click the Play button to listen to the podcast