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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…

Boeing, Tata Group announces aerospace JV in India

 TASL
US aviation major Boeing and Tata Advanced Systems today announced a joint venture that will manufacture aero structures for AH-64 Apache attack choppers, recently ordered by India, and collaborate on integrated systems development opportunities in India.

The joint venture will initially create a manufacturing centre of excellence to produce aero structures for the AH-64 Apache helicopter and compete for additional manufacturing work packages across Boeing platforms, both commercial and defence.

“Boeing and Tata Advanced Systems intend to grow the JV partnership in the future with a focus on opportunities to collaborate on development and selling of integrated systems,” a statement by Boeing said.

Boeing had recently received an order for 22 AH-64E Apache attack helicopters and 15 CH-47F Chinook heavy-lift helicopters. Both are the newest models of these aircraft.

“This partnership will capitalise on India’s industrial capability, innovation and talent to contribute to Boeing’s long—term competitiveness and position us for future growth in the global marketplace,” said Chris Chadwick, president and CEO of Boeing Defence, Space & Security.

Boeing India President Pratyush Kumar said that over the last 12 months, the company has doubled its sourcing from India. “We are committed to continue that journey,” he said.
Boeing and Tata group companies have established partnerships in India to manufacture aerostructures for Boeing’s commercial and military aircraft.

Tata Advanced Materials has delivered composite panels for the power and mission equipment cabinets and auxiliary power unit door fairings for the P—8I long—range maritime surveillance and anti—submarine warfare aircraft.

TAL Manufacturing Solutions is manufacturing complex floor beams out of composite materials for the Boeing 787—9. It also provides ground support equipment for the C—17 Globemaster III strategic airlifter.

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