Improving Lives of People is the True Goal of Innovation 225.0

Innovation is broadly defined as bringing something new to market successfully. Thus, by definition, successful innovation – be it from technology or from new ways of organizing work – have people as its subject and object. In turn, successful innovation is the best and sustainable way to create value-added from total factor productivity (TFP) that [...]

Apple Growth Derives from Planned Product Obsolescence 222.0

As shown again by the IPhone 4, Apple’s growth strategy is just planned product obsolescence with a twist. In the olden days of three-to-five year product development cycles, planned product obsolescence, and therefore consumer upgrades, was driven by annual style changes. In the much shorter product cycles of recent years, Apple is the champion of [...]

Learning from the National Innovation Systems of Emerging Japan 1/2

As with China now, emerging market Japan was accused of using an undervalued currency to build an export machine. Indeed, they may have dragged increasing the value of their currency to maximize yen returns until it became untenable for the country. Still, there were other explanations for their success that involved social innovation systems like [...]

Learning from the National Innovation Systems of South Korea 213.0

Filipino progressives would love to emulate the strong state approach of Korea to attain industrialization. Alice Amsden, a heterodox economist, wrote Asia’s Next Giant, South Korea and Late Industrialization in 1989, the same year as the fall of the Berlin wall, and described the successful Korean breakout experience to developed country status. Agreeing with some [...]

Learning National Innovation Systems from Taiwan 204.0

Much can still be learned but for Post-industrial Philippines. Professor Chu Wan-wen was one of the speakers at the 7th Asialics Roundtable session in Taipei. Her talk on Taiwan and “second-mover advantage” made me look up and buy her book, Beyond Late Development, (with Alice Amsden). Today, I just finished reading the book. I am [...]

Learning Innovation Systems from Small Developed Nations 178.0

Hypothesis on systems of innovation for emerging markets from Denmark, Israel and New Zealand Filipinos, in general, are America-centered especially in learning about new things. In one sense, this is correct as America leads the world in many technologies. In another, it is not appropriate because there can be no bigger disparities than between America [...]

SYNTHESiST Surveys on Philippine Financial Problems 168.0

A screening poll for SYNTHESiST readers to know ourselves more I have created a screening survey below (on 2/2 posted on Sidebar, too.) to know how the group’s choices affect innovation, in the long term. Please choose one answer as honestly as you can. Your choice represents an important part of the collective voice of [...]

Learning Interactions Make for National Innovation Systems 154.0

Adapting Professor Bengt Ake Lundvall’s ideas for the Philippines Productivity is the true source of wealth for any nation, in the final analysis. And sustaining productivity requires for that nation to innovate continuously on its productivity base. Nations follow different strategies for innovation. The Philippines has survived through a strategy of trading services – by [...]

Total Factor Productivity in the Philippines 135.0

Cororaton says TFP was negative for 35 years to 2000 Dr Caesar Cororaton, formerly of the Philippine Institute for Development Studies (PIDS), said in his paper that for 35 years through 2000, factor accumulation accounted for all growth and Technical Change (another name for TFP) was negative for most of the same period. From his [...]

William Baumol’s Innovative View of Entrepreneurship 130.0

Corruption and poverty are problems to be solved Professor William J. Baumol gave me an epiphany. His 1990 journal – Entrepreneurship: Productive, Unproductive and Destructive – showed me a link between the two biggest problems of the Philippines, corruption and poverty. His paper also gave a hint at a possible solution to the problems in [...]

Innovation Opportunity from Adjacency – BYD Auto 127.0

BYD goes from rechargeable batteries to electric cars BYD Auto is the prime example of successful innovation and entrepreneurship from the application of ‘adjacency’ strategy. BYD expects to become the largest car company in the world within five years – and with electric cars, at that. It will end up to be the most innovative, [...]

Support our Innovative Entrepreneurs 123.0

Filipino companies and entrepreneurs hardly do any basic science-based research. All the while, I have thought this to be only because of the high cost and uncertainty of doing such research. I have come to realize that they know it is less risky (and more rewarding) to take opportunities from inefficiencies in the local economy [...]

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