Thursday, May 7, 2026
Village Voice News
ADVERTISEMENT
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us
No Result
View All Result
Village Voice News
No Result
View All Result
Home Columns

Why Innovation In Both Wealthy and Less Wealthy Countries Is Hard Work

Staff Reporter by Staff Reporter
January 17, 2021
in Columns, Tech Savvy
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter


It is hard work to Build and maintain the capacity to innovate in public and private institutions in wealthier countries.  Even in these often well-funded environments, innovation initiatives frequently fail and when organizations create a breakthrough, they often have a hard time sustaining a high level of performance.  The Harvard Business Review attributes this to a lack of innovation systems within these institutions.

While many organizations often engage in innovation encouraging activities like developing internal entrepreneurial ventures, setting up venture-capital arms, pursuing external alliances, encouraging innovation, crowd collaboration with customers and implementing rapid prototyping; these same organizations often lack innovation systems— a coherent set of interdependent processes and structures that dictates how the organization identifies and prioritizes the search for novel problems and solutions and a set of processes that can synthesize ideas into business concepts and production design.

READ ALSO

GPSU Says Labour Rights Are Constitutional, Not Political Favours

Steamed Fish Recipe (Jamaican Style)

Companies like Apple, Google, Tesla and others have mastered innovation. Due to the structures of innovation within these companies, many now claim a systemic culture of innovation responsible for generating endless breakthroughs and product improvement ideas—allowing these companies to grow market-share and reap tremendous profits.

Achieving innovation in organizations in less wealthy countries is more difficult for many reasons beyond those discussed above.  Developing countries often lack a solid technological base of trained Scientists and world-class research universities from which to incubate a culture of innovation. Additionally, Companies often serve customers with low disposable incomes and often survive on very low margins; Managers are often required to innovate on a shoestring budget and companies often have to operate in environments where there is a high cost and scarcity of capital which often precludes spending on R&D.

These factors force many organizations to become risk averse with very little focus on innovation systems because fundamentally, the cost of ‘breaking things’ is too high.  Even in situations where employees are encouraged to take risks and ‘break things’, the culture of fear of failure, punishment and criticism in companies where many employees matured, often reinforce risk-averse behaviors which are simply not conducive to innovation.

Creating a culture of innovation in developing countries will require a complete shift in thinking.  Innovation doesn’t happen when leaders attempt to pick winners and losers; friends, family and cheerleaders.  For the critical thinking, creativity, boldness and design thinking required for innovation to be achieved on a massive scale, national innovation systems must be implemented by stakeholders at the public, private, and community levels of leadership.

These systems must include how citizens  love, educate and empower the nation’s children in both homes and schools. Thought must be given to how nations value those who work with children, a nation’s most valuable assets.  Thought must be given to creating environments where good ideas are encouraged and implemented whatever the source and all this must be done just to lay the foundation for innovation.  Upon that foundation, work must be done across public and private sector agencies to encourage the development of Technology, Arts, Sports, Civics and other programmes which foster the development of the well-rounded child. Developing nations will need a large supply of these well-rounded children in order to successfully compete globally.

From homes, to schools, to communities, to the workplace—public and private leaders in developing countries will have to play a major role in the attainment of infrastructural innovation.  Systems that are inclusive and open, that prioritize having a global perspective, and that—more importantly—provide fertile ground for new ideas from energetic individuals, will empower their citizens to access the global community for resources, ideas and opportunities to solve major problems in the world. These citizens are the ones who will reap future rewards.

ShareTweetSendShareSend

Related Posts

The Voice of Labour

GPSU Says Labour Rights Are Constitutional, Not Political Favours

by Admin
May 3, 2026

The names “International Workers' Day”, “Labour Day” or “May Day”, are preferential names given to the day allocated for the...

Read moreDetails
Steamed Fish Recipe (Jamaican Style)
Recipe

Steamed Fish Recipe (Jamaican Style)

by Admin
May 3, 2026

Ingredients 2 whole snapper fish 1.5-2 pounds, cleaned and scored 1 lime juiced (for cleaning and seasoning the fish) 2 Tablespoons fish seasoning separated 2 Tablespoons olive oil 1 medium yellow...

Read moreDetails
Rooibos tea (Google photo)
Herbal Section

5 Health Benefits of Rooibos Tea (Plus Side Effects)

by Admin
May 3, 2026

Rooibos tea is a type of herbal tea that is rich in antioxidants. It is thought to be associated with...

Read moreDetails
Next Post
Ronald Austin Jr

IS THIS THE DEMOCRACY YOU WANT? YES. IT IS AND WILL ALWAYS BE


EDITOR'S PICK

PNCR Chairman, Volda Lawrence has been charged already by police

Volda Lawrence summoned by police again

October 10, 2020
Minister of Health, Dr. Frank Anthony

HPV vaccines now available to women up to age 45 – Dr Anthony

October 20, 2022
Omaiah Hall

Omaiah Hall Named 2025 Road March Champion

March 13, 2025
Former Suriname President, Desi Bouterse (Associated Press/Edward Troon, file)

Former Suriname President Bouterse, missing after failing to turn himself in to prison

January 13, 2024

© 2024 Village Voice

No Result
View All Result
  • Home
  • News
  • Sports
  • Editorial
  • Letters
  • Global
  • Columns
    • Eye On Guyana
    • Hindsight
    • Lincoln Lewis Speaks
    • Future Notes
    • Blackout
    • From The Desk of Roysdale Forde SC
    • Diplomatic Speak
    • Mark’s Take
    • In the village
    • Mind Your Business
    • Bad & Bold
    • The Voice of Labour
    • The Herbal Section
    • Politics 101 with Dr. David Hinds
    • Talking Dollars & Making Sense
    • Book Review 
  • Education & Technology
  • E-Paper
  • Contact Us

© 2024 Village Voice