Fast Company has an infographic that provides a speedy snapshot of how efficiently different countries around the world innovate and the U.S. isn’t looking too hot. Each country is represented by a ratio of how many patents it granted and the total wad it blew on R & D. The post writes that, “even though we grant more patents than any other country in the world, we also seem to simply throw money at the problem of innovation–and in the long run, that can’t be good for our own economic competitiveness.” For that we not only need to spend our money more wisely but direct more of it to products we can export rather than pharmaceuticals and war toys that change hands domestically. Here’s how you can partner with your customers to improve your R & D.
Shaun has helped hundreds of people around the globe grow their business. His passion is helping small- and medium-sized companies expand their brand online.
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Great post! You have a knack for finding intriguing sites… Cheers!