Innovation is the practical implementation of ideas that result in the introduction of new goods or services or improvement in offering goods or services.
As the sun traverses the heavens ever higher with each and every day, winter has finally been forced to release us from its frigid embrace. With every passing day, the mud gives way to green grass, the trees burst with the youthfulness of light green leaves, fruit trees are in full blossom and abuzz with…
Reuters reports that Portuguese export firms are buzzing with activity despite three years of economic crisis at home. In the words of one footwear designer, Luis Onofre, “It’s a one-way trip. If we stop growing exports, we dig our own grave.” During the depths of Portugal’s crisis in 2012, his firm raised its foreign sales by…
Breaking Down Mass Spectrometry For many of you reading this article, the words mass spectrometry will probably mean nothing. However, in the growing field of healthcare and clinical diagnostics, it is an ever increasing term used in the medical lexicon. Mass Spectrometry is an analytical chemistry technique that has been around commercially since the 1950’s,…
I’ve been on numerous plants tours over the past few decades. Eventually the tour winds up in either the warehouse or stockroom or both. At some point, I’ll ask whether they’re tight on space and inevitably the answer will be something like “always”, or “we never have enough”, or the real killer “yes, but we…
The Economist takes an in-depth look at the future of cars. While some mean the motor industry’s fortunes are increasingly divided, in the right markets and with the right technologies, they look surprisingly bright. With that said, the Economist means that while consumers will be in heaven, an investment in the motor industry has to…
The Economist reports on a new book that points out the big role governments play in creating innovative businesses. Economists have long recognised that the state has a role in promoting innovation, in any case. At its best, the newly coined entrepreneurial state is nothing less than the ultimate Schumpeterian innovator – generating the gales of…
