Companies all over the world are becoming increasingly worried about their ability to innovate and compete in the fast-changing technology world. That’s according to GE’s third annual “Global Innovation Barometer” released Jan 17.
The survey of 3,100 senior business executives in 25 countries showed the anxiety that these executives feel about innovation and how confused they are about global competitiveness. One in three said the increased competition and accelerated pace of technological advancement is having a negative impact on their local economy. And while 71 percent said they favor the opening of their markets to foreign trade, investment, and technology imports, an equal percentage want protectionist government procurement policies that favor domestic technological development. There was a 53 percent overlap in the people who expressed these two opposing views. Executives from the U.S. were only a little less divided than Indian executives on this issue.
To read the original article: What companies must do to survive the decade | VentureBeat
