Why is it so hard to stimulate innovation inside big corporations, while at the same time VCs are awash in innovative business plans and people?
Jeffrey Bussgang, a partner at venture firm Flybridge Capital Partners in Boston and one of our guest bloggers, put that question to readers in our Staying Entrepreneurial blog. Here's how one reader responded:
There are two main obstacles to innovation within the enterprise. The first is fear: If I try something new and fail, will I lose my job? Companies need to send a clear message that it is far better to try and fail than fail to try.
China and India are catching up quickly with Western nations in providing homegrown talent as well as heavy investment in R&D
Most people in the U.S. and elsewhere in the West think of China and India largely as sources for inexpensive products and services. Few know that China, India, and other developing countries are taking center stage in the global war for innovation and talent.
