The economy is tough right now. No matter where you are located or what industry you are in, it can be a bit of a gamble when it comes to predicting next month’s profit margins. One thing an economic downturn does create is a slowdown of operations, which can enable you to redirect more manpower and more resources into research and development. It creates an opportunity to expand and diversify your business—something that the current downturn may be telling you […]
Competitive Differentiation We are all beyond aware of the rapidity of innovation today. In less than twenty years we have seen the technological dreams of Sci-Fi favourites come to life. Just this July we watched as the launch of Pokemon GO transformed the business sphere overnight, creating new methods of engaging consumers. As we accelerate our technological capabilities the challenge we face is to balance that technological innovation within human spheres such as workplaces, learning environments and business. In a […]
During the 2016 Australian Financial Review innovation summit this past week, Dr. Alan Finkel Australia’s chief scientist, spoke to the imbalance of government spending on innovation. Business Insider quoted Dr. Finkel saying, “If science turns money into knowledge – then innovation turns knowledge back into money, and generally a lot more money than the taxpayers put in.” While referring to the potential gains of innovation investment from the government, the Doctor proceeded to share a shocking statistic that industry leaders […]
In a proposition to develop the economy away from a reliance on mining, the Australian government launched the National Innovation and Science Agenda (NISA) last December. Now, the Turnbull government has followed through on the agenda’s proposal to offer new grant initiatives aligned with the objectives of the Global Innovation Strategy. In specific, the Minister for Industry, Innovation and Science, the Hon Greg Hunt MP, announced the launch of the $18 million Global Innovation Linkages (GIL) Programme earlier this month. The […]