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Page 1: New GE Global Innovation Barometerfiles.publicaffairs.geblogs.com/files/2014/06/2013_GE... · 2014. 6. 13. · GE Global Innovation Barometer is an International opinion survey of

© Copyright 2012 Daniel J Edelman Inc. 1

GE Global Innovation Barometer 2013 Results – Focus USA

Page 2: New GE Global Innovation Barometerfiles.publicaffairs.geblogs.com/files/2014/06/2013_GE... · 2014. 6. 13. · GE Global Innovation Barometer is an International opinion survey of

2 © Copyright 2012 Daniel J Edelman Inc.

GE global innovation barometer methodology Now in its third edition and spanning across 25 countries, the GE Global Innovation Barometer is an International opinion survey of senior business executives actively engaged in the management of their firm Innovation strategy. The survey is conducted by StrategyOne a consulting and research company and funded by GE. The barometer examines the way business executives around the world appreciate the framework for Innovation their country has developed, it also details the perspective from business on the most efficient policies to support Innovation . Finally it adopts a firm centric approach to better understand the way International businesses adapt their innovation practices and strategies in a challenging economic environment.

8 out of 10 respondents are men (no quota)

Sample covers a diversity of economic sectors

Other Manufacturing

17%

Health 13%

FMCG 11%

Energy 10%

Automotive / Transport /

Logistics 10%

Electronics 10%

Industrial Products

8%

Professional Services

8%

High - tech / IT 6%

Other 5%

Telecom / Internet

2%

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3 © Copyright 2012 Daniel J Edelman Inc.

Australia

Sample and fieldwork details

Australia

Brazil

Canada

China

Germany

India

Ireland

Israel

Japan

Saudi Arabia

Malaysia

Mexico

Nigeria

Poland Russia

South Africa

South Korea

Singapore

Sweden

Turkey

UAE

USA

UK

Vietnam

Netherlands

3100  phone interviews (in local languages)

25 markets (tracking in 20 markets for 2

years and 10 markets for 3 years)

Questionnaire average duration: 38 Minutes

Period: October 22nd to December 5th 2012

All respondents directly involved in the

innovation strategy or process within their

company. (28% C-Level).

Average company size is 1 200 employees

Average age of respondent is 43 years old.

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4 © Copyright 2012 Daniel J Edelman Inc.

USA Executive Summary

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5 © Copyright 2012 Daniel J Edelman Inc.

Innovation is a strategic priority for US businesses (88% of US respondents report innovation is a strategic priority for their business).

Various types of innovation are expected to drive the performance of US businesses in the future, the top 3 avenues identified are: •  the improvement of existing products and services (mentioned by 72% of US respondents) •  the development of entirely new products (mentioned by 65% of respondents) •  the development of new business processes to improve profitability (mentioned by 58% of US

respondents – a result slightly lower than the Global average on this item - 63%)

Additionally 52% of US respondents mention the development of new business models as a promising way to boost future performance, this is 5 points higher than the Global average (48%) on this item

Innovation as a strategic priority for US business

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6 © Copyright 2012 Daniel J Edelman Inc.

To Innovate successfully US respondents identify key abilities their business has to master: •  Understand customers and anticipate market evolutions (85%, 5 points higher than the Global average) •  Attract and retain innovative people (mentioned by 84% of US respondents, 11 points higher than the

Global average on this item) •  Create an environment and a culture conducive to Innovation (78%), a result 14 points higher than the

Global average, confirming the importance granted to management and talent by US respondents •  Finally 73% of US respondents stress the importance of identifying and working collaboratively with the

best business partners (mentioned by 73% of respondents as a crucial Innovation success factor vs. only 66% of the Global sample)

•  Mining data inside and outside the company is as well a capability regarded as crucial to Innovation success with 57% of respondents mentioning it versus 53% of the Global sample

Finally the ability to come up with new business models is regarded as crucial by 43% of respondents vs. 45% of the Global sample, and this item arrives in the bottom of the ranking of the most important abilities

Abilities Business have to master in order to innovate successfully

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7 © Copyright 2012 Daniel J Edelman Inc.

Overall the framework for innovation in the US is perceived as exceptionally innovation conducive for Innovation by business executives from the other markets: 84% of Business executives from the 25 markets regard the US environment for Innovation as strongly Innovation conducive. This puts the country in the second position of the ranking based on this indicator behind Germany. When evaluating their own market 92% of US business executives report that their country has a strongly Innovation conducive environment overall showing quite strong Innovation confidence When asked to evaluate in more detail their environment for Innovation, US business executives provide interesting input. On the negative side, the items connected to Government support for Innovation are more negatively evaluated than the Global average. 34% of US respondent believe their Government is allocating an adequate share of its resources to supporting innovative companies (stable compared to last year, but 11 points below Global average) additionally only 23% of US respondents consider that this support is efficiently organized and coordinated (here in slight improvement compared to last year but still 17 points lower than the Global average) These quite negative perceptions appear paradoxical, US business executives are proudly reporting their country to be “Innovation friendly”, US tops the reputation ranking for Innovation, still US respondents have a below average opinion about the way public support for Innovation is delivered in their country

Evaluation of the US framework for Innovation

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8 © Copyright 2012 Daniel J Edelman Inc.

Support from private investors for businesses in need of Innovation funding is still regarded in a positive manner by 65% of US respondents (7 points higher than the Global average) however this indicator lost 12 points compared to last year’s edition of the barometer On the positive side, 71% of US respondents trust in the ability from their Universities to train tomorrow’s innovative leaders, this is 14 points higher than the Global average and improving compared to last year (+9 points) Other dimensions are evaluated more positively this year, notably the items connected to the appreciation of the value of the Innovation process by US citizens

Evaluation of the US framework for Innovation

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9 © Copyright 2012 Daniel J Edelman Inc.

US business executives make Innovation a strategic priority and rely on it to drive future performance, however they also demonstrate signs of anxiety that it could also set a challenge for business by increasing competition and by accelerating the lifecycle of products and services: in the US, 28% of respondents believe “Innovation has a negative impact on their economy” a result on par with the global average (30%) In this context, US business expect renewed support and Innovation incentives from policymakers, particularly regarding: •  Education and talent pool management: 62% of US respondents believe encouraging even stronger

linkages between education systems and business savvy individuals should be a high priority from decision makers (12 points above Global average), 54% would like student curricula to be better aligned with the needs of business (10 points higher than Global average)

•  The protection of trade secret and business confidentiality, 52% report it should be a high priority (11 points higher than the Global average)

•  Finally, US respondents give evidence of the importance of Venture Capital for Innovation, 43% believe this Industry should be encouraged as a way to foster Innovation (5 points higher than Global average)

Respondent’s policy expectations

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10 © Copyright 2012 Daniel J Edelman Inc.

Growing trends from the barometer indicate that Innovation can start from all kinds of economic actors (87% of US respondents in 2013 believe that SMEs and Individuals can be as innovative as large companies).This validates the perception that collaboration is key to Innovate more successfully. 87% of US respondents report that their firm has been increasingly looking at innovation through the collaborative angle (5 points higher than the Global average). Furthermore, 89% of respondents agree their firm would be more successful at innovation through partnership than if their company went about it alone When reviewing the drivers and barriers to a collaborative Innovation endeavor, the top 3 drivers identified in the US are the opportunity to access new technology (82%, 3 points higher than the Global average), the opportunity to enter new markets (82%, 3 points higher than the Global average), and the opportunity to improve an existing product or service (75%) On the contrary, US business would be reluctant to engage in a collaboration if worried about a lack of protection of confidentiality or IP (first barrier mentioned by 70%, vs. 64% for Global average), and the fear that some key talents might be poached (mentioned by 52% vs. 47% for Global average). Quite interestingly US respondents tend to stress more than the Global average a “lack of time” allocated to identifying partners and to manage the relationship as an important barrier to collaboration, they are also more concerned than the average by the idea of partnering with a foreign company or a company bigger than their own firm

Collaborative Innovation as the way forward

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Innovation is a strategic priority for business globally

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12 © Copyright 2012 Daniel J Edelman Inc.

USA Global Average

A very high strategic priority 36% 44%

A quite high strategic priority 52% 47%

A quite low strategic priority 9% 8%

A very low strategic priority 3% 1%

Innovation on top of business agenda: 88% of respondents would say it is a strategic priority for their company (vs. 91% average) Q1. Would you say that for your company innovation is…:

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13 © Copyright 2012 Daniel J Edelman Inc.

Innovation types and business performance: looking back and looking forward

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14 © Copyright 2012 Daniel J Edelman Inc.

What kind of Innovation drove business performance in the past in the USA? Q2. What kinds of innovation have contributed most to your company’s performance in the past few years? US results vs. 25 markets Global Average

39%

44%

46%

56%

55%

63%

61%

83%

31%

37%

41%

49%

54%

61%

62%

82%

The development of new customer services

The development of new business models

The development of more sustainable and eco-friendly processes, products or services

The development or improvement of products customized to local circumstances or conditions

The development of more affordable new products and services for the customer

The development of entirely new products or services

The development of new business processes to improve profitability

The improvement of existing products or services

USA

Global

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15 © Copyright 2012 Daniel J Edelman Inc.

A future gazing exercise: what will drive future business performance in the USA? Q3: What kinds of innovation do you expect to contribute the most to your company’s performance in the future? US results vs. 25 markets Global Average

42%

48%

56%

52%

53%

63%

66%

79%

28%

38%

41%

47%

51%

58%

65%

72%

The development of new customer services

The development of more sustainable and eco-friendly processes, products or services

The development of more affordable new products and services for the customer

The development of new business models

The development or improvement of products or services customized to local circumstances or conditions

The development of new business processes to improve profitability

The development of entirely new products or services

The improvement of existing products or services

USA

Global

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Key abilities innovative firms master better

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17 © Copyright 2012 Daniel J Edelman Inc.

To Innovate successfully business need to master market insight, technology development, partnerships, talent and culture Q4. How important do you think these abilities are for a company to innovate successfully? (Importance grade on 10 points, % High importance [Top 3 boxes])

34%

45%

51%

52%

53%

54%

54%

59%

60%

64%

66%

66%

73%

81%

Attract investors to fund innovative programs

Come up with new business models

Weed out unpromising innovations at an early stage

Manage an innovation pipeline with a structured business process

Mine data inside and outside the company

Challenge generaly accepted practices and ways of working

Allocate a specific budget for Innovation activities

Invest on long term innovative projects

Manage and take risks

Create an environment anc culture conducive to Innovation

Identify and work collaboratively with the best business partners

Develop new technology

Attract and retain innovative people

Understand customers and anticipate market evolutions 85 (+ 4 pts)

USA %

84 (+ 11 pts)

63 (- 3 pts)

73 (+ 7 pts)

78 (+ 14 pts)

67 (+ 7 pts)

66 (+ 7 pts)

56 (+ 2 pts)

63 (+ 9 pts)

57 (+ 4 pts)

60 (+ 8 pts)

64 (+ 13 pts)

43 (- 2 pts)

33 (- 1 pt)

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Increased competition and protectionist temptation: A global innovation vertigo?

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The net positive impact of Innovation on local economies is challenged by 30% of respondents: a globalization anxiety? Q5-2. By creating more competition among businesses and making some products and services obsolete, innovation has a negative impact on my country's economy (% Agree)

Strongly agree 11%

Somewhat agree 19%

Somewhat disagree 28%

Strongly disagree 38%

Don’t know / Unsure 3%

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The positive impact of Innovation on local economies is challenged : greater competition and shorter business lifecycles Q5-2. By creating more competition among businesses and making some products and services obsolete, innovation has a negative impact on my country's economy

8% 9% 11% 12% 12% 12% 13% 14% 14% 16% 16% 18% 19% 19% 19% 20% 21% 22% 22% 26% 26% 28% 29% 31% 31% 38%

13% 12% 3%

8% 12% 4% 2% 4%

16% 2%

12% 9% 7% 10% 11% 5%

24% 13%

23% 7%

20% 25%

4% 9% 13%

28% Strongly agree

Somewhat agree

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21 © Copyright 2012 Daniel J Edelman Inc.

Opening up the market or national preference, paradoxical tensions seem to exist within global business Q9 . What are the main priorities your country should focus on to efficiently support innovation?

Q9-8. Promote domestic rather than imported technological development via preferences in government procurement

Q9-11. Promote the importation of innovative technologies by opening the market further to foreign trade and investment

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Expectations regarding the policy focus to be adopted are contradictory and vary greatly from one market to another Q9 . What are the main priorities your country should focus on to efficiently support innovation? (%Top 2 grades = very high priority)

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Role of SMEs and need for greater localization: the trend keeps building up globally

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Average 20 markets 2012: 76% Average 20 markets 2013: 84% (+ 8pts)

A growing consensus around the need for innovation to be embracing the specificities of local market needs Q5. 1 - More than ever before, innovation needs to be localized to serve specific market needs

+ 14 pts

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25 © Copyright 2012 Daniel J Edelman Inc.

Innovation can be originated anywhere

Average 20 markets 2012: 79% Average 20 markets 2013: 84% (+5pts)

Q5. 3 - More than ever before, SMEs and individuals can be as innovative as large companies

- 2pts

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A contraction of the Global environment for Innovation

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How do respondents evaluate their country’s Innovation framework? No major change in Global ranking, strong new entries Index on 100 points summarizing the perceptions of respondents regarding 13 dimensions of the Innovation framework of their country.

43 48 48

52 55

51

58 62 61

55 58 54

72 66 67 67

58

71

78 73

38

49 50 52 53 54 54 55 56 57 58 58 58 59 59 61 61 62 63 63 65 67 68 70 70 2012

2013

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28 © Copyright 2012 Daniel J Edelman Inc.

USA % Agree 2013 Change / 2012 Gap / Average 25

markets

Government and public authorities allocate an adequate share of their budget to support innovative companies

34% = - 11 pts

Governmental support for innovation is efficiently organized and coordinated 23% + 5 pts - 17 pts

It is quite easy for companies to partner with universities for their R&D needs 65% - 2 pts =

Local universities and schools provide a strong education model for tomorrow's innovate leaders 71% + 9 pts + 14 pts

Private investors are supportive of companies that need funding to innovate 65% - 12 pts + 7 pts

Public-private partnerships have proved effective in supporting innovation 72% + 1 pt + 7 pts

Society as a whole is accepting of taking risks as part of the innovation process 66% + 9 pts =

Society as a whole is supportive of innovation, there is an appetite for innovation among young generations 83% - 1 pt + 4 pts

The general public is convinced of the value innovation can bring to their day-to-day life 75% + 5 pts =

The protection of the copyright and the patent are effective 56% - 12 pts - 3 pts

The speed at which innovative products are brought to market is adequate 58% + 1 pt - 2 pts

Trade regulations are not preventing firms from being commercially successful 50% + 7 pts - 10 pts

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Detailed results per component & market

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30 © Copyright 2012 Daniel J Edelman Inc.

Q6. 1 - Private investors are supportive of companies that need funds to innovate

Average 20 markets 2013: 57% (-2pts) Average 20 markets 2012: 59%

Private investment stagnation, a positive exception in Germany

38% 45%

50%

56%

70% 75%

45%

66% 63%

54%

27%

89%

67%

31%

45%

73% 69%

77% 75%

67% 72% 71%

67%

56% 52% 54% 54% 56%

62%

75% 80%

48%

66% 62%

52%

23%

85%

62%

24%

37%

62% 58%

67% 63%

52%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2012

2013

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Q6. 2 - The current IP protection system does not present barriers to innovation

Average 20 markets 2012: 64% Average 20 markets 2013: 59% (-5pts)

IP protection a growing concern, including in China

49% 50% 43%

37%

60%

68% 61%

65% 66% 60% 60% 63%

71% 66% 67% 68%

78%

86% 86%

66% 66% 65% 64%

54% 49%

62% 61%

52% 45%

62%

71%

63% 67% 65%

59% 52% 54%

62% 57% 57% 56%

64%

72% 66%

37%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2012

2013

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32 © Copyright 2012 Daniel J Edelman Inc.

Q6. 3 - Universities and schools provide a strong education model for tomorrow’s innovative leaders

Average 20 markets 2012: 61% Average 20 markets 2013: 55% (-6pts)

Contrasted evolution regarding universities’ ability to train talents

60% 62% 56%

44% 35%

70%

60%

32%

66% 70%

54%

74%

84% 83%

69%

52%

33%

60% 60%

90%

78%

64% 60% 60%

49%

77% 70%

64%

51% 42%

72%

62%

31%

64% 66%

47%

66%

77% 73%

59%

41%

20%

45% 45%

33%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2012

2013

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33 © Copyright 2012 Daniel J Edelman Inc.

Q6. 5- Government and public authorities allocate an adequate share of their budget to support innovative companies

Average 20 markets 2012: 47% Average 20 markets 2013: 45% (-2pts)

Lower financial support from Governments overall

70%

15%

40%

23% 26% 21%

31%

55%

21%

57%

34%

66% 59% 56%

64%

36%

78%

43%

78%

61% 64% 55%

46% 39%

29%

81%

24%

49%

31% 32% 25%

35%

59%

23%

58%

37%

64%

54% 48%

55%

26%

66%

30%

62%

44%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

2012

2013

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34 © Copyright 2012 Daniel J Edelman Inc.

Q6. 6 - Governmental support for innovation is efficiently organized and coordinated

Average 20 markets 2012: 43% Average 20 markets 2013: 39% (-4pts)

The organization of government incentive to innovation is criticized

18%

71%

18%

30%

72%

20% 28%

22%

57%

29%

14%

54%

45%

30%

51%

34%

64%

78% 77%

57% 59% 59%

46%

35% 27% 27%

75%

25%

35%

75%

23% 29%

22%

55%

26%

10%

51%

39%

23%

43%

26%

51%

60% 55%

30%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

2012

2013

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35 © Copyright 2012 Daniel J Edelman Inc.

Q6. 8 - Society as a whole is supportive of innovation, there is an appetite for innovation among young generations

Average 20 markets 2012: 76% Average 20 markets 2013: 77% (+1pt)

On the positive side: a growing appetite from young generations

61%

79% 75%

83% 78% 78%

72% 85%

88%

64%

84% 92%

73%

26%

72%

88% 96%

77% 78% 73%

92% 88% 83% 83%

78% 83% 86%

81% 88% 82% 80%

74%

87% 89%

64%

84% 91%

72%

24%

70%

86% 94%

74% 73% 64%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2012

2013

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36 © Copyright 2012 Daniel J Edelman Inc.

Q6. 9 - The general public is convinced of the value innovation can bring to their day-to-day life

Average 20 markets 2012: 68% Average 20 markets 2013: 73% (+5pts)

On the positive side: greater societal support

60% 57% 56%

69% 63% 66%

23%

68% 70% 70% 79%

69% 61%

78% 85%

57%

74%

95%

85% 80%

90% 86% 78% 77% 74%

83% 77%

72%

83% 76% 78%

31%

74% 76% 74%

83%

71%

63%

79% 85%

56%

73%

90%

76% 68%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2012

2013

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37 © Copyright 2012 Daniel J Edelman Inc.

Q6. 10 - Society as a whole accepts that taking risks is part of the innovation process

Average 20 markets 2012: 59% Average 20 markets 2013: 63% (+4pts)

On the positive side: greater tolerance to Innovation related risks

55%

41%

52%

41%

63%

30%

57% 66% 65%

58%

82%

59% 53%

64%

87%

51%

66% 59%

81%

47%

90% 84% 84%

74%

59%

85%

58%

69%

56%

78%

43%

68% 74% 73%

65%

86%

61% 52%

62%

84%

47%

60% 51%

66%

28%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2012

2013

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What policies would support Innovation most efficiently?

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Education, fighting bureaucracy and protecting trade secrets evaluated as the most pressing priorities to support Innovation Q9. What are the main priorities your country should focus on to efficiently support innovation? Grade on 10 points where 10 means it should be a VERY STRONG priority and 1 a VERY LOW one, (% Top 2 grades)

62 % (+ 12 pts)

51% (+ 3 pts)

54% (+ 10 pts)

52% (+ 11 pts)

43% (+ 5 pts)

USA

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Education, fighting bureaucracy and protecting trade secrets evaluated as the most pressing priorities to support Innovation Q9 What are the main priorities your country should focus on to efficiently support innovation? Grade on 10 points where 10 means it should be a VERY STRONG priority and 1 a VERY LOW one, (% Top 2 grades)

37% (+ 1 pt)

29% (- 4 pts)

36% (+ 5 pts)

28% (- 2 pts)

30% (+ 3 pts)

31% (+ 6 pts)

24% (+ 3 pts)

USA

0% 5% 10% 15% 20% 25% 30% 35% 40%

Stimulate innovation through the use of commercially based public procurement

Implement an innovation and entrepreneurship awareness program promoting these values and targeting the general public

Promote the importation of innovative technologies by opening the market further to foreign trade and investment

Introduce results-based incentives for public research programs

Boost funding for public research programs

Promote domestic rather than imported technological development via preferences in government procurement

Create more incubators and facilities for start-ups to develop

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Clustering markets depending on Policy priorities

Encourage a stronger entrepreneurial culture in the education system through stronger linkages between students and

business savvy individuals

2nd 3rd 2nd 3rd 2nd 2nd 1st 1st 1st 1st 1st 1st 1st 1st 1st 1st 1st 1st 1st

Fight bureaucracy and red tape for companies willing to access funds and

incentives allocated to innovation 3rd 2nd 2nd 1st 1st 1st 1st 1st 1st 3rd 3rd 3rd 3rd 3rd 2nd 2nd 3rd

Better align students curricula with the needs of business

3rd 1st 3rd 2nd 2nd 2nd 2nd 2nd 2nd 2nd 2nd 2nd 3rd

Ensure that business confidentiality and trade secrets are adequately protected

2nd 1st 1st 1st 1st 3rd 3rd 3rd 3rd 3rd 3rd 2nd

Create a financial environment that encourages the development of venture

capital 2nd 2nd 3rd 3rd 2nd 2nd 2nd 2nd 3rd

Create more incubators and facilities for start-ups to develop

3rd 3rd 3rd 2nd

Promote domestic rather than imported technological development via

preferences in government procurement 1st 3rd 3rd

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Stronger regulation on talent mobility have had a noticeable impact on Business ability to Innovate Q5-4. Over the last two years, it has become more difficult for companies to hire talented foreign citizens because of stricter visa requirements and it had a negative impact on their ability to innovate

25% 38%

21% 30%

14%

34%

16% 20% 29% 35% 41%

17% 32%

39% 25%

14% 21% 18%

25% 25% 29%

12%

37%

12% 21%

33%

16%

25%

10%

10%

5%

10%

7% 5% 0%

49%

1%

11%

25% 25%

9%

8%

13% 10%

21% 15%

26%

24%

33%

20% 14%

22%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

Strongly agree

Somewhat agree

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What countries are perceived as displaying the most innovation conducive environment?

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EVALUATION OF INNOVATION ENVIRONMENT

USA

Brazil

Canada

Mexico

China

India

Singapore

Australia

Japan

South Korea

Vietnam

Malaysia Russia

Germany

Sweden UK

Poland UAE

Israel

Turkey

Nigeria

South Africa

Ireland

Netherlands

3.5

4.0

4.5

5.0

5.5

6.0

6.5

7.0

7.5

8.0

8.5

9.0

3.5 4.0 4.5 5.0 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0

Glo

bal E

valu

atio

n /1

0

Auto evaluation /10

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How do US business executives evaluate other markets’ Innovation environment? Q8. For each of the following markets, how far would you say that they have developed an Innovation conducive environment? % of respondents that evaluate a market innovation environment positively by giving it a grade between 7 an 10/10 points (Global perception vs. perception measured among US respondents only)

5%

15% 18% 20%

17%

25% 19%

24% 29%

26%

39% 36%

51%

43% 45%

54% 49%

65%

55% 55% 59% 61%

71% 69%

79%

92%

85%

USA GLOBAL

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Collaborative Innovation: review of drivers and barriers, experience and policy framework

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Collaborative Innovation has a Global appeal Q11: Measuring the appetite for collaboration

% Agree Global

87%

82%

73%

% Agree USA

89%

87%

69%

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Partnership is globally seen as an opportunity to succeed Q11 Measuring the appetite for collaboration Q11-2: I am fully convinced that our firm could be more successful with innovation through partnership and collaboration than if we go about it alone

Average: 53%

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Emerging markets leading preparing even more strongly to partner Q11 Measuring the appetite for collaboration Q11-1: Our firm has been changing the way it looks at Innovation to integrate more of the need for collaboration both inside and outside the firm

Average: 38%

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Revenue sharing model: a more difficult question to solve Q11 Measuring the appetite for collaboration Q11-3: I think my firm is open to sharing the revenue stream or the revenue losses that could be generated through a collaborative innovation initiative

Average: 28%

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Reasons for collaborating Q15 Still on collaboration, what are the main reasons why your company would seek to collaborate with entrepreneurs or other companies?

54%

54%

56%

58%

69%

69%

69%

70%

72%

75%

79%

79%

To invent a new business model

To license patents and technology

To share costs

To benefit from a company’s sales force

To scale up

To gain insights and market intelligence

To improve the profitability of an existing offer

To invent a new product

To speed up time to market

To improve an existing product or service

To enter new markets

To access new technology 82% (+ 3 pts)

82% (+ 3 pts)

75% (=)

80% (+ 8 pts)

70% (=)

73% (+ 4 pts)

69% (=)

64% (- 5 pts)

61% (+ 3 pts)

60% (+ 4 pts)

USA

60% (+6 pts)

48% (- 6 pts)

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Barriers to collaboration Q16. Still on collaboration, what are the main reasons why your company would be reluctant to collaborate with entrepreneurs or other companies? (% of respondent that selected the item as a barrier)

70% (+ 6 pts)

USA

16%

18%

22%

22%

28%

28%

31%

36%

39%

45%

47%

64%

The company is foreign

Our culture is too closed

The company is bigger than ours

We don’t have time to allocate to meeting possible partners

I don’t know if my company is ready or able to be working in partnership

We don’t have time to allocate to managing the partnership

We don’t know how to attract potential partners

Fears over unequal revenue splits

Lack of a tested Collaboration Process and Collaboration Tools

Talent / Knowledge poaching

Lack of trust in the partner company

Lack of Protection of confidentiality / IP

52% (+ 5 pts)

44% (-1 pt)

41% (+ 2 pts)

38% (+ 2 pts)

31% (=)

36% (+ 8 pts)

32% (+ 4 pts)

30% (+ 8 pts)

28% (+ 6 pts)

24% (+ 6 pts)

24% (+ 8 pts)

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GE Global Innovation Barometer 2013 Results – Focus USA