Australian Innovation with Asia
- Australian Institute of Company Directors
- Publication Type:
- Conference Proceeding
- Highlights 2013, Australian Institute of Company Directors Annual Conference, 2014
- Issue Date:
Enterprise Innovation requires the creation of better and more effective products, services, technologies or ideas that are accepted by markets, governments and generate outputs. For this to occur, an innovation culture to deal with radical incremental and transformational innovation is required. In addition new skills of partner and symmetrical collaboration will be required. The latest INSEAD innovation outputs and inputs that Australia is 13th on inputs but 31st on outputs for higher-income countries. Examples of opportunities with greater focus on collaboration with Asia include higher education with the emphasis on symmetrical collaboration attracting more R&D centres with global MNCs and a case study of partnership requirements with China. The presentation concluded with seven prerequisites for success.
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