Key Findings
This year's GE Global Innovation Barometer identified key insights on the state of innovation. We've highlighted the results that stood out around the Context of Innovation, the Challenges of Innovation and the Drivers of Innovation.
Context of Innovation
In the next 10 years, how succesfully could innovation improve people's lives in the following fields?
Nearly 9 in 10 executives believe innovation is about partnerships, not individual success
80% agree companies in the 21st century will innovate in a totally different way
84% agree 21st century innovations will be those that bring value to society as a whole and not only to individual consumers or citizens
92% agree that innovation is the main lever to create a more competitive economy
76% agree that great innovation is about addressing human needs more than profit
Drivers of Innovation
What are the drivers of innovation at your company?
73% of executive's agree innovation is driven more by creativity than scientific research
8 in 10 executives believe SMEs and individuals can be as innovative as big corporations.
74% agree innovation needs to be localized
Challenges of Innovation
65% agree access to private funding has become more difficult.
A third of executives believe that intellectual property laws in their country are not enabling innovation
68% agree businesses are taking fewer risks