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The Five Characteristics of Successful Innovators

There is not much agreement about what makes an idea innovative, and what makes an innovative idea valuable. For example, discussions on whether the internet is a better invention than the wheel are more likely to reveal personal preferences than logical argumentation. Likewise, experts disagree on the type and level of innovation that is most beneficial for organizations. Somestudiessuggest that radical innovation (which does sound sexy) confers sustainable competitive advantages, butothersshow that “mild” innovation – think iPhone 5 rather than the original iPhone – is generally more effective, not least because it reduces market uncertainty. There is also inconclusive evidence on whether we should pay attention to consumers’ views, with somestudiesshowing that a customer focus is detrimental for innovation because it equates to playing catch-up, butothersarguing for it. Even Henry Ford’s famous quote on the subject – “if I had asked people what they wanted, they would have said fast…

Assessment of State Implementation of Business Reforms


 A report titled “Assessment of State Implementation of Business Reforms” was released today. This report captures the findings of an assessment of reform implementation by states, led by the Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce & Industry, Government of India, with support of the World Bank Group and KPMG as the knowledge partner, and facilitated by the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI).
This assessment, the first of its kind, has been conducted to take stock of reforms implemented by states in the period January 1 to June 30, 2015 based on the 98-point action plan for business reforms agreed between DIPP and state and Union territory governments on December 29, 2014. 
“What this report does very well is to provide a roadmap for states serious about improving their business environment and creating jobs. This has an inclusive objective as it is the small and medium enterprises which will gain the most from these reforms,” saidOnno Ruhl, World Bank Country Director in India. 
“The World Bank, stands ready to assist state governments in this important agenda,” he added.   

Read the report here.

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