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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 3


CM invites Wipro to be active partner in e-pragati During the meeting with Wipro Chairman AzimPremji, the Chief Minister invited Wipro to become an active partner in e-pragati, in efforts to make Andhra Pradesh a digitally-progressive state. He said: “I wish to make e-pragatia model for the entire country. Our state's egovernance solutions will expedite development process and empower people with the use of technology in building a brighter, vibrant and a Digital Andhra Pradesh.” AzimPremji, who came along with his son RishabPremji, enquired about other digital initiatives in Andhra Pradesh. The Chief Minister explained about the fibre connectivity and e-pragati. He has also explained the state government’s flagship Smart Andhra Pradesh programme.

CM invites Philips to energy efficiently light up Amaravati

 During a meeting with Ronald de Jong, Board member of Philips, the Chief Minister asked them to come with proposals to energy efficiently light up Amaravati and help set up cost effective smart power grid. Elaborating on the state’s achievements in the power sector, he explained how the government has installed LED bulbs across the state. De Jong has come forward to assist Andhra Pradesh in lighting and health sectors. He said that Philips has. He added that they have started community health centres to promote their initiatives on healthy lifestyle. The Chief Minister asked De Jong to workout the modalities to work with Andhra Pradesh.

AIIB comes forward to fund AP’s projects

Jin Liqun, President designate of Asia Infrastructure Investment Bank(AIIB) said that India and Andhra Pradesh is top on their agenda. He has come forward to finance for projects that are ready to take off. Stating that they want to be innovative, Liquin said he will send a delegation to the state to conduct a study. The Chief Minister elaborated on his vision towards rural development and drought mitigation. He said that Asia Infrastructure Investment Bank can fund project for rural roads and irrigation. “Our first priority to strengthen physical infrastructure,” he said. He further explained the state’s achievements in efficient energy management and rural employment scheme.

Tap AP’s potential as hub for manufacturing: CM

In conversation with Eddy Bruyninckx, CEO of Antwerp Port Authority, the Chief Minister stressed on his ambition of making Andhra Pradesh a hub for manufacturing for export. He said: Andhra Pradesh’s greatest advantage lies in its long coastline. We are working towards port-led development, thereby making the state logistics hub. Eddy Bruyninckx said that they will explore value addition towards cargo handling in Andhra Pradesh’s ports.

Swiss Re to work with Go AP on Reinsurance of tropical cyclone disasters

Later, the Chief Minister invited Reinsurance Company Swiss Re to work with the Government of Andhra Pradesh on the Reinsurance of tropical cyclone disasters. He has also asked them to assist the state team in the recently announced Government of India’s crop insurance scheme. Martyn Parker, MD, Swiss Re said that they will come back with a concrete proposal. 

In other meetings:

  • PavanMunjal of Hero group informed the Chief Minister that a date has to be finalized for the groundbreaking and foundation for the plant in Andhra Pradesh.
  • The Chief Minister invited Gregory Hodkinson, Chairman of Arup to visit Andhra Pradesh in March.
  • VikasSehgal of Rothschild interacted with the Chief Minister on various investment opportunities in Andhra Pradesh.
  • Sandra Wu Wen-hsiu, CEO of Kokusai Kogyo offered their company's assistance in GIS mapping.
  • Charles Edouard, global CEO, Roland Berger came forward to bring in investments in aerospace and defense and sectors. 
  • Hiroyuki Ishige, CMD Jetro, the Chief Minister asked him to suggest how to attract Japanese companies to invest in Andhra Pradesh.
  • Mike Nefkens, Executive Vice-President, Hewlett Packard met the Chief Minister who elaborated on the potential IT sector holds and has invited him to explore opportunities.
  • Rafael Mateo, CEO, Acciona Energy Spain met the Chief Minister.
Government of Andhra Pradesh

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