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Archive for October 2012

Innovation on Demand- the facts

Innovation on Demand- the facts
  • The Australian Innovation System Report 2012 reveals that compared with firms that do not innovate, innovative Australian firms are:
    • 42% more likely to increase profitability;
    • 3 times more likely to export;
    • 4 times more likely to increase the range of goods or services offered;
    • more than twice as likely to create new jobs; and
    • more than three times more likely to increase training opportunities for their employees.

And - The Australian Government’s gross expenditure on R&D has risen to 0.77% of GDP, the seventh highest in the OECD.  See: http://www.innovation.gov.au/Innovation/Policy/Pages/AustralianInnovationSystemReport.aspx

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( Posted in: Ceo's Corner | 0 Responses )