Monday, April 20, 2009

Tiffany Browne: Innovation

During the last class of the semester we discussed innovation as a value added. We talked about Innovation and Technology combined. The Eight Pillars of Innovation was something new that I learned. They included things such as Institution and Policies, Infrastructure, Human Capacity, and Technological Sophistication. Five input pillars represent aspects that enhance the capacity of a nation to generate ideas and leverage them for innovative products and services.
Three output pillars define the benefits of successful innovation to the citizens and organizations of the country. I found a very good article that was in World Business that goes into depth about the eight pillars of innovation http://www.innovendo.net/pdf/Global%20innovation%20index%202007%20-%20subranking.pdf

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