Saudi Arabia’s lauded response to the COVID-19 pandemic is just one tangible result of the Kingdom’s embrace of innovation. Now comes another: new research from GE showing the Kingdom’s global reputation for innovation is on the rise.
As businesses across the UAE look ahead to 2021, the GE Global Innovation Barometer has good news for the pace of innovation in the country, even in the wake of COVID-19.
What are some of the more surprising findings included in the 2018 GE Global Innovation Barometer? The United States and Germany lost some of their sheen as innovation champions – though the U.S. still towers head and shoulders above the rest — while Japan and China rose. Globally, business executives also see multinational companies as the leaders of innovation, more so than entrepreneurs, startups, and small and medium-size companies.
GE recently launched its fifth edition of their Global Innovation Barometer. The Barometer explores how the perception of innovation is changing in a complex, globalized environment, and how markets appreciate the framework for innovation their respective nations have developed.
It’s not enough to simply “get” the startup mentality. Executives who want to use lean startup principles to compete in today’s fast-paced economy must do the hard work needed to transform their companies.
Every company seems to be a startup these days — or at least they try to act more like one.