Innovation
in sentence
3014 examples of Innovation in a sentence
When women are empowered to start their own businesses, they can drive
innovation
and help their countries prosper.
Innovation
is difficult.
By identifying the problems and envisioning the preferred solution, one can define the set of constraints into which technological
innovation
fits, and establish a clear, albeit often difficult, path to its realization.
But, as my experience with entrepreneurial
innovation
has grown, I have realized that the response is rooted in the fact that most people are trapped in a specific doctrine, which obscures the innovative solutions that lie beyond its borders.
By contrast, the
innovation
supply chain (the process by which companies obtain and/or develop future products and improve on their current products) tends to be characterized by inefficiency, ambiguity, and competition.
Most pharmaceutical companies, for example, lack effective
innovation
supply chains.
But only about 15% of the drugs that the US Food and Drug Administration has approved recently were developed by the same company that markets and sells them, meaning that many major pharmaceutical companies depend on the
innovation
ecosystem to advance their products.
Just as individual innovators must challenge conventional wisdom, companies must replace the established approach to the
innovation
supply chain with one that more closely resembles how they create and maintain a manufacturing supply chain.
If market incumbents are willing to share “innovation specifications” (which should not be confused with
innovation
methods), they can develop an effective network of
innovation
suppliers, thereby increasing the reliability of the product-development engine.
An efficient supply chain can transform
innovation
on both the individual and industry levels.
Indeed, a common approach – defining key market needs, coupling them with solution constraints, and pushing the boundaries of current thinking – applies to all kinds of
innovation.
With an
innovation
ecosystem organized along these lines, “obvious” advances could occur significantly faster.
During the 1980's, a wave of leveraged buyouts transformed US corporate culture, evidently making bosses more receptive to technological
innovation.
But, while market forces reward
innovation
and creativity, their impact is substantially weakened in a global economy plagued by slow, uneven growth.
Given this, it is up to governments to stimulate and support the development of critical energy capabilities by rewarding
innovation.
The
innovation
revolutionized nautical and, later, aerial navigation, and served as a boon to British naval and commercial dominance.
Global leaders should follow such examples and provide the needed investment and incentives to support
innovation
in both the public and private sectors.
Modern technology has enabled workers in emerging economies to join a global labor market; in the absence of major policy innovation, this is likely to cause a prolonged drag on rich countries.
And there are few signs of
innovation.
The propensity to use this inconsistent argument reflects a proclivity for the status quo and a bias against policy
innovation.
In terms of GDP growth, employment, or innovation, other EU countries, on average, lag behind the UK (and, to an even greater extent, the United States).
Skilled migrants have been essential to the growth of some of the world’s leading hubs of technology and
innovation
– from Silicon Valley to Ireland, India, and Taiwan.
With improved digital links, Brazil would gain new opportunities to improve productivity and
innovation.
Technological
innovation
and demographics are now a headwind, not a tailwind, for growth, and financial engineering can’t save the day.
For all that central bankers have done to revive economic growth, the forces of demographics and
innovation
have worked against them.
Furthermore, the current wave of technological
innovation
is not lifting all boats.
The first wave of a breakthrough
innovation
chiefly benefits a few entrepreneurs.
The third wave is the widespread diffusion of the
innovation
in ways that lift overall productivity and living standards.
Perhaps, or it may be that we are at an early stage of the Schumpeterian cycle of
innovation
(enriching a few) and destruction (creating anxiety in vulnerable sectors).
Markets for
innovation
and new ideas work poorly and governments can help to address those market failures.
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