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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…

Andhra Pradesh Chief Minister tour to Davos – Day 2

Tata Sons proposes iconic investment in AP Andhra Pradesh Chief Minister Sri N. Chandrababu Naidu on Wednesday met with Cyrus Mistry, Chairman, TataSons, who proposed to make an iconic investment in the State.The Chief Minister had a series of meetings and interactions on Day 2 of Davos Summit. The Sri Lankan Prime Minister, Sri RanilWickramasinghe, during his meeting, invited the Chief Minister for dinner during his stay in Davos to have a detailed meeting. Naidu and Mistry discussed possible areas of collaboration in the state. During their interaction, Cyrus Mistry proposed to make an iconic investment in Andhra Pradesh. During the interaction, the Tata Sons Chairman recollected his association with the state and talked about his love for Andhra food and culture.

Meeting 1:
CM asks for best practices in urban development and living

Andhra Pradesh Chief Minister Sri N. Chandrababu Naidu began his day with a session on “Future of Urban Development and Services.”He was among the main contributors on the session discussion. Elaborating on the state bifurcation and struggles that followed, the Chief Minister said that he aims to build a world class city of Amaravati. He invited the delegates to present best practices in urban development and living and be partners in building a People’s Capital. “The person or organization whose best
practice is accepted and implemented will be forever remembered and their name will be engraved there in the city,” he added. Meanwhile, the delegates appreciated the Chief Minister’s approach to adopt land pooling for the capital. He further explained how the state government has managed to satisfy land owners by creating a win-win situation.

Meeting 2: 
KPMG Global to partner with AP for coastal development

Jurgen van Breukelen, Chairman, KPMG Netherlands and Richard Rekhy, KPMG India Head held discussions with the Chief Minister on incorporating Netherlands’ experience of coastal development in AP. During the meeting it has been suggested that an idea bank needs to be created so that every society can implement the best ideas that are incubated. The Chief Minister also enquired into effective waysto make Andhra Pradesh an export oriented hub of manufacturing. In this regard, the Andhra Pradesh government and KPMG global will work out a mechanism to achieve desired results in these sectors.

Meeting 3:
NUS to help AP become a knowledge/education hub

The Chief Minister held a meeting with Prof Kishore Mehbubani of the National University of Singapore (NUS), who assured the university’s assistance in transforming Andhra Pradesh into a knowledge/education hub.“We are looking at partnerships and collaborations with top 20 universities in the world,” the CM added.

The meeting also discussed how the NUS can provide inputs to Andhra Pradesh on public policy, ease of doing business, competitiveness advantage. Given that Andhra Pradesh aims to be one of the best states in the world, the Chief Minister said, the state needs advice and guidance at policy level.

Meeting 4:
CM meets Sri Lanka PM, invites CM to dinner

Later, the Chief Minister participated in the session 'A New Climate for Doing Business'. During the session, he met Srilanka Prime Minister, Sri RanilWickramasingheand Finance Minister Ravi Karunanayake. The Prime Minister expressed his interest in exploring tourism opportunities in Andhra Pradesh and invited the Chief Minister for dinner during his stay in Davos to have a detailed meeting. Nestle CEO Paul Bulke met the Chief Minister and evinced interest on investing in the dairy and food processing sector. He spoke about the possibilities of exploring Araku coffee and cocoa plantations. The Chief Minister briefed Bulke the agrarian profile of the state and various opportunities in the field of agriculture, food processing and milk production. Princess Astrid of Belgium greeted the Chief Minister. The Chief Minister also interacted with students from Stanford University.

Meeting 6:
Cambridge to partner with AP to study areas of mutual cooperation
Prof Sir LeszekBorysiewicz, Vice chancellor of Cambridge University called on the Chief Minister. He informed the Chief Minster that he has identified 18 scholars from Cambridge University who will perform a quick study to identify

the areas of mutual cooperation between Andhra Pradesh and Cambridge University. The Chief Minister said that the state government wants to partner with Cambridge University in its effort to become a knowledge state and education hub. Explaining on the abundance of resources and skilled power the state has, he said Andhra Pradesh is the best suited destination for innovation and entrepreneurship.

Meeting 7:
CM asks Srei Intl to present plan to create equipment banks


In a meeting with Hamanth Kanoria, MD of Srei International, that Chief Minister asked Kanoria to develop a plan for creating an equipment bank for infrastructure and manufacturing sectors.
Government of Andhra Pradesh

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