It’s when we give ourselves, and the people around us, the knowledge of how they innovate naturally and permission to flex their innovation muscles their way that you’ll get that sought-after culture of innovation that creates measurable results.
Some of the world's most celebrated businesspeople - think Elon Musk and Jeff Bezos - are being positioned in the media as prophets. And they may well be. They anticipate the future, they create for that future. In doing so, they end up deciding our destinies as well.
The editor of China’s Science and Technology Daily caused a stir last month when he described “the large gap in science and technology between China and developed countries in the West, including the US” and spoke of the obstacles China faces in catching up with more technologically advanced nations. It goes against the narrative of technological achievement trumpeted by Beijing, but he was right about how far China lags behind the US.
How can a seemingly rigid, rank oriented and historically bound institution like the U.S. military produce incredible innovation, nearly all from the lower ranks, while corporate America with high compensation, less hierarchy, and far better conditions struggles with creating effective internal innovation? The secret resides in four aspects -- the lack of fear, an action mindset, a combination of insight and initiative, and a duty to the historical legacy of success.
Western media has been quite critical of the Chinese miracle. The usual argument is that China has significant technology gaps, and that it has a long way to go before it can catch up with the West. But DJI is testament to China’s transformation from copycat to high tech innovation.
Patents--rights that governments grant to inventors for new inventions--pervade the modern world. The US alone grants about 300,000 of them annually, mostly for components of, or methods relating to, larger end products. Your smartphone, for example, contains thousands of patented features; but even many seemingly simpler items, such as cosmetics, often contain one or more.
With the goals of fostering technological innovation and boosting bilateral academic research and exchange opportunities, the presidents of U.S. universities and colleges are visiting Israel this week with AJC (American Jewish Committee) Project Interchange. Meeting with their Israeli counterparts, the delegation will exchange ideas on innovation and learning and explore opportunities for bilateral academic collaboration.
In 1957, the Soviet Union launched Sputnik 1, and the U.S. government freaked out. The Sputnik crisis, as it was called, launched the international space race, and the U.S. threw billions of government dollars into aerospace and military projects to keep up with the Soviet Union. A new report by the Atlantic Council claims that now, in 2018, we should be in the middle of another Sputnik crisis, but this time over the possibility that Chinese companies might soon out-tech Silicon Valley and the entire U.S. technology sector.
The Senate voted through a $145 billion spending bill on a margin of 86-5 on Monday, with provisions to fund the Energy Department in the 2019 budget year. The legislation keeps spending level or slightly increases funds for programs offered through the Office of Energy Efficiency and Renewable Energy, as well as the Energy Information Agency. The Advanced Research Projects Agency-Energy received $375 million, the most since its creation.
The Trump administration’s massive deregulation effort and the enactment of the Tax Cuts and Jobs Act passed by the Republican-controlled Congress have done wonders for the U.S. economy. There are now more open jobs than there are unemployed people in America. Wages are increasing, and consumer and business confidence is rising with them.