Apple and how it chooses to use its capital remains a point of serious contention among investors. I've highlighted how I'm supportive of Apple's buyback plan (and even want it ramped back up to 2014 levels), but many investors want to see more money poured into research and development and capital expenditures. "Apple needs to invest in the business" is the line. That desire isn't completely naïve. To some extent, we are all worried about what the future brings for Apple.
Having observed Steve Jobs in his final days, Isaacson was able to condense what made Jobs and his Apple products great. His success -- and Apple’s -- is predicated on what I would call “the Apple Rules.” Under the Apple Rules, products like the iPhone, iPod and Mac just didn’t emerge out of the ether in a flash of inspiration. They had to come from somewhere and were ushered into this world by teams of people.
President Obama awards National Medals of Science and National Medals of Technology and Innovation to 17 scientists, engineers, mathematicians and innovators. The National Medal of Science recognizes individuals who have made outstanding contributions to science, engineering and mathematics. The National Medal of Technology and Innovation recognizes those who have made lasting contributions to America’s competitiveness and quality of life and helped strengthen the Nation’s technological workforce.
Protection of trade secrets in the U.S. semiconductor industry and across many other sectors is about to get stronger, thanks to the Defend Trade Secrets Act, bipartisan legislation recently passed by Congress and signed into law by President Obama. Enactment of this much-needed legislation marks an important step forward in the effort to protect the semiconductor industry’s valuable intellectual property (IP).
Inventors and investors demand a system that affords predictable and durable intellectual property rights in a timely manner. If the system that we implement for granting patent rights does not meet those criteria, inventors will not make use of the system, the public store of knowledge will suffer, and investment in innovative and entrepreneurial domestic enterprises will diminish.
Manufacturing may be facing some headwinds, but it’s undeniably in the midst of a technological renaissance that is transforming the look, systems, and processes of the modern factory. Despite the risks -- and despite recent history -- industrial manufacturing companies cannot afford to ignore these advances. By embracing them now, they can improve productivity in their own plants, compete against rivals, and maintain an edge with customers who are seeking their own gains from innovation.
While Chinese enterprises have a reputation for being world-leaders in copying Western goods, the country's level of innovation is now second only to the US, Consortium News reported. China's industrial development is being matched by an increase in the country's scientific research and innovation, John V. Walsh wrote in Consortium News.
Innovation has become a religion in business today, with "innovate or die" as its mantra. When a company succeeds, people attribute its good fortune to superior innovation. When it fails, people say it lacked the ability to innovate, no matter how many new products it launched. The message is simple: you need to disrupt to survive.
Innovation is a much more complex process than people realize. When a technological advance comes into being, its creators are far from the only ones who deserve credit. Their creation could never have come into being without the herculean efforts of thousands of scientists preforming basic research. These unsung heroes of the modern age are hampered by the long term nature and intrinsic unprofitability of basic research.
A robust and innovative start-up sector is key to sustainable economic growth. For innovation to occur, however, enterprises must have both the incentive and the capacity to invest. Incentives are multi-faceted and heavily reliant on the overall investment climate. Capacity depends on the education level of employees and management, their experience in rapid adaptation of products and processes, and their access to funds for R&D and commercialization.