2018 Azbee Awards of Excellence
Category
Online > Web Feature Article > Northeast
Awarded to
Barry Jaruzelski, Author; Volker Staack, Author; Robert Chwalik, Author
Entry details
Will Stronger Borders Weaken Innovation?
Issue date (if applicable): 11/28/2017
Publication name: strategy+business
Publishing company: PwC
Website home page: www.strategy-business.com
Please describe the publication's mission and readership:
The mission of strategy+business (s+b) is to provide business executives and thought leaders in government, academia and the private sector with commentary, research, and practical ideas that bridge the gap between management theory and practice. Alone among major business publications, s+b draws on a combination of journalists, academics, consultants, and corporate strategists to contribute articles that set the agenda for global industry and commerce.
strategy+business has a global audience of more than 1,300,000 readers, including print and digital subscribers as well as website registrants. More than 165,000 people receive s+b’s twice-weekly e-newsletters, over 500,000 subscribe to s+b’s digital edition and apps, and more than 300,000 interact with s+b on social media channels. According to a recent study analyzing s+b’s circulation, 34 percent of s+b print readers are C-suite executives ranked vice president or higher. Our audience includes decision makers at small firms, managers rising within large companies, prominent academics, and others with an interest in understanding the business and management systems, practices, and ideas that define our world.
Please describe the enterprising work that went into this entry and its significance or impact on readers:
We’ve been publishing the Global Innovation 1000, an annual report on corporate R&D spending conducted by Strategy&, PwC’s strategy consulting business, since 2005. Every year, the innovation landscape has grown more and more open, with talent, information, and technical skill owing across national borders. Until now. In this year’s report, “Will Stronger Borders Weaken Innovation?”, the tension between national interests (which can be characterized by suspicion of outsiders and protective of their home enterprises) and innovation (which has always been a boundary-crossing phenomenon) takes center stage.
As authors Barry Jaruzelski, Volker Staack, and Robert Chwalik put it, “Companies are likely to lose eciency, create redundancies, and take on higher costs,” especially if they divide their research and development footprints into more autonomous regional hubs. To be sure, global innovation flows have also had unintended consequences, particularly for companies that have invested in emerging markets only to have their technological knowledge coopted, stolen, or used against them. The strengthening of national barriers will make innovation tougher. But it may also create breathing room for some companies to become stronger and ready to compete when the barriers fall again, as they inevitably will. When that happens, we’ll all need better models of open innovation.
Links to entry URLs
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Entry URL(s), if applicable:
https://www.strategy-business.com/feature/Will-Stronger-Borders-Weaken-Innovation?gko=848b0
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Will Stronger Borders Weaken Innovation?
Category
Online > Web Feature Article > Northeast
Description
Publication name:
strategy+business
Company:
PwC
Winner Status
- National Gold Award
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