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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…

Dutch Team Keen on Investing in Andhra Pradesh

VIJAYAWADA: A delegation of Dutch industrialists and businessmen headed by Netherlands Ambassador to India Alfonsus Stoelinga on Thursday called on Chief Minister N Chandrababu Naidu and evinced interest in investing in AP.

The delegation, after discussions with the CM, decided to set up a joint working group to devise a road map. Naidu briefed the delegation on various initiatives his government has taken in 10 sectors to attract investments.

The 10 sectors are: Agro-food processing, life sciences, textiles-apparel, electronics, mineral industry, aerospace, energy, leather, petroleum, chemicals, petro-chemicals and automobiles. The chief minister told the delegation that in AP apart from natural and human resources, there was enough land, power supply and connectivity.

The chief minister praised Netherlands for occupying second position in the world in export of agriculture products. If AP laid focus on mechanisation of agriculture, the state could become unbeatable in the sector. He told the delegation that just as in Netherlands, he was promoting inland water transport. 

He told them that the products being manufactured are proposed to be sold through big names like Amazon, Flipcart, Big Basket and Snapdeal. Philips offered to come up with energy saving devices for major industries, commercial complexes and houses.

The chief minister told the representatives of the company that they could form special purpose vehicles with power utilities in the state and work in this direction.

The Netherlands Ambassador praised Naidu for his commitment to take the state forward, an official press release from the chief minister’s office claimed.