Innovation - definition Joseph Schumpeter - Theorie der Wirtschaftlichen

Entwicklung, 19121. The introduction of a new good — that is one with which

consumers are not yet familiar — or of a new quality of a good.

2. The introduction of a new method of production, which need by no means be founded upon a discovery scientifically new, and can also exist in a new way of handling a commodity commercially.

3. The opening of a new market, that is a market into which the particular branch of manufacture of the country in question has not previously entered, whether or not this market has existed before.

4. The conquest of a new source of supply of raw materials or half-manufactured goods, again irrespective of whether this source already exists or whether it has first to be created.

5. The carrying out of the new organization of any industry, like the creation of a monopoly position (for example through trustification) or the breaking up of a monopoly position

Global Innovation Index - 2009

Most innovative companies in the world -2010

1. Apple2. Google3. Microsoft4. IBM5. Toyota Motor6. Amazon.com7. LG Electronics8. BYD9. General Electric10. Sony

But…for the first time since the rankings began in

2005, the majority of corporations in the Top 25 are based outside the U.S.

15 of the Top 50 are Asian

China – BYD, Lenovo, Haier Electronics, China Mobile and HTC (same number of corporations as Japan)

Financing methods of new innovative corporations in the USA

Own capitalBusiness angels

Google - Andy Bechtolsheim - co-founder of Sun Microsystems – 100 000 USD

Venture capitalGoogle - Kleiner Perkins Caufield & Byers and

Sequoia Capital and other funds – 25 million USD

IPOGoogle - August 19, 2004 - the company offered

19,605,052 shares at a price of $85 per share

Silicon Valley – main innovation cluster

Fortune Global 1000 corporations

Adobe Systems Advanced Micro Devices (AMD) Apple Inc. Cisco Systems eBay Google Hewlett-Packard Intel National Semiconductor Nvidia Oracle Corporation SanDisk Sun Microsystems (acquired by Oracle Corporation) Symantec Yahoo!

Najlepšie univerzity sveta podľa zoznamu Shanghai 500

Ing. Tomáš Dudáš, PhD.

Long Term FundamentalsLong Term Fundamentals• U.S. has healthier

long-term demographics than most competitors

• U.S. only advanced country with large, growing population

• North America second largest energy resource base in world

• Economic system most resilient among advanced countries

Major economic sectors' share of U.S. employment, 1850-2000

0

20

40

60

80

100

1850 1900 1950 2000

Pe

rce

nt

Agriculture Goods production Services

Source: U.S. Bureau of Labor Statistics

Main factors of long term economic changesMain factors of long term economic changes

● Changing consumer tastesChanging consumer tastes

● Increasing globalizationIncreasing globalization

● Changing workforce skillsChanging workforce skills

● Technological improvementsTechnological improvements

15 U.S. industries projected to ADD jobs the fastest through 2014*

* Among industries with more than 100,000 employees* Among industries with more than 100,000 employees

Business servicesBusiness services

3. Management consulting services3. Management consulting services

5. Facilities support services 5. Facilities support services

6. Employment services6. Employment services

7. Office administrative services7. Office administrative services

13. Accounting, tax, & payroll 13. Accounting, tax, & payroll

servicesservices

High-tech servicesHigh-tech services

2. Software publishers2. Software publishers

8. Computer systems design8. Computer systems design

Health and social servicesHealth and social services

1. Home health care services 1. Home health care services

4. Residential care facilities4. Residential care facilities

9. Outpatient & laboratory services9. Outpatient & laboratory services

10. Child day care services10. Child day care services

12. Offices of health practitioners12. Offices of health practitioners

15. Rehabilitation services15. Rehabilitation services

Education servicesEducation services

11. Other educational services11. Other educational services

14. Colleges & universities 14. Colleges & universities

Source: U.S. Bureau of Labor Statistics

15 U.S. industries projected to LOSE jobs the fastest through 2014*

* Among industries with more than 100,000 employees* Among industries with more than 100,000 employees

Nondurable manufacturing

1. Cut and sew apparel mfg.

2. Fabric mills

3. Basic chemical mfg.

6. Rubber product mfg.

8. Synthetic materials mfg.

13. Pulp & paper mills

14. Petroleum & coal mfg.

Durable manufacturing 4. Industry machinery mfg.

5. Electrical equipment mfg.

7. Foundries

10. Computer mfg.

12. Metalworking machinery mfg.

15. Other machinery mfg.

Natural resources 9. Sawmills & wood preservation

11. Crop production

Source: U.S. Bureau of Labor Statistics

Largest Economies in 2050 (JP Morgan)

0

10,000

20,000

30,000

40,000

50,000

60,000GDP (2005 US$bn)

Largest economies in 2050 (Goldman Sachs)The Largest Economies in 2050

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

55,000

2005 US$bn