Dynamic domestic players and focused multinationals are helping China churn out a growing number of innovative products and services. Intensifying competition lies ahead; here’s a road map for navigating it.
China is innovating. Some of its achievements are visible: a doubling of the global percentage of patents granted to Chinese inventors since 2005, for example, and the growing role of Chinese companies in the wind- and solar-power industries. Other developments—such as advances by local companies in domestically oriented consumer electronics, instant messaging, and online gaming—may well be escaping the notice of executives who aren’t on the ground in China.
As innovation gains steam there, the stakes are rising for domestic and multinational companies alike. Prowess in innovation will not only become an increasingly important differentiator inside China but should also yield ideas and products that become serious competitors on the international stage.
Read the rest of this article by Gordon Orr and Erik Roth at http://www.mckinseyquarterly.com/
Ideation, investment, market development, collaboration and business support services for technology companies in Asia Pacific
Sunday, 5 February 2012
Monday, 5 December 2011
Governance, Risk and Compliance gains prominence
The need to comply with government mandated compliance regulations, coupled with the increasing need to safeguard sensitive data is forcing businesses to re-look their data storage, accessibility, security and management policies and needs.
These pressures are compounded with the escalation of a globally interconnected market and supply chain with frequent mergers, acquisitions, and re-structuring that forces organizations to better focus resources to improve both the quality and control mechanisms surrounding their data.
Inherently linked to this challenge is the need to objectively assess and proactively manage the growing number of risks prevalent in the market.
To address these challenges, organizations need tools to help management and employees visualise, explore and communicate complex business information e.g. processes, procedures and regulations, that forms the basis of the organisation.
These pressures are compounded with the escalation of a globally interconnected market and supply chain with frequent mergers, acquisitions, and re-structuring that forces organizations to better focus resources to improve both the quality and control mechanisms surrounding their data.
Inherently linked to this challenge is the need to objectively assess and proactively manage the growing number of risks prevalent in the market.
To address these challenges, organizations need tools to help management and employees visualise, explore and communicate complex business information e.g. processes, procedures and regulations, that forms the basis of the organisation.
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