Issues Of Innnovation

This document discusses issues of innovation on an international scale, including initiatives in the US, Europe, and India. It explains why innovation is important for corporations in creating value and competitive advantage. A key point is that over 70% of a corporation's value comes from intangible assets, of which innovation is a major component. The document also addresses challenges around the increasing amount of knowledge being created, historical success rates of innovation that are low, and how the front-end discovery process determines later success in development and commercialization. It raises questions about issues and barriers to innovation within organizations.