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Innovation & Institutions, Will it Blend?
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3 snapshots of Chinese innovation: GM, Semiconductors, AstraZeneca | McKinsey

3 snapshots of Chinese innovation: GM, Semiconductors, AstraZeneca | McKinsey | Innovation & Institutions, Will it Blend? | Scoop.it
Chinese innovation is evolving in diverse ways and at an uneven pace across a range of different industries.


1) GM China president Kevin Wale explains the importance of team-based innovation efforts in China and describes GM’s rapidly growing Advanced Technical Center in Shanghai. He also observes that innovation in China’s auto industry is more about commercialization models than technical achievements.


What China does better than any place else in the world is to innovate by commercialization, as opposed to constant research and perfecting the theory, like the West.


When the Chinese get an idea, they test it in the marketplace. They’re happy to do three to four rounds of commercialization to get an idea right, whereas in the West companies spend the same amount of time on research, testing, and validation before trying to take products to market.


2) The semiconductor industry is a powerful example of the tension surrounding China’s potential for innovation.  For two decades they have sought to create a more potent domestic semiconductor industry—with mixed results.


3) AstraZeneca's R&D focuses on unique disease mechanisms in China.  Certain diseases have high prevalence and, in many cases, could have different populations or different disease etiologies, presenting a white space on which R&D innovation can focus.

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America Falling Behind in Space Race & Innovation |

America Falling Behind in Space Race & Innovation | | Innovation & Institutions, Will it Blend? | Scoop.it
Fear is growing among some Americans that China may take ownership of the moon.

 

China is racing ahead to build its first space station: a potential jumping off point for deeper space missions and a center for scientific research.

 

Meanwhile Americans are dependent on other countries for access to the international space station.


Fear is growing among some Americans that China may take ownership of the moon.

 

... with America’s space program in shambles while other nations build their programs up, America may lag behind in the race to dominate space and technology.

 

The space program may seem trivial to some, but it goes hand in hand with being an economic leader.  It brings with it unparalleled innovation in high tech fields, and if we invest in that and ensure our domestic industries are protected, we can begin to rebuild our economic strength.

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