Foreign-born Inventors and Entrepreneurs: Making Significant Contributions to the Development of Their Second Home Country
Picture this: a young inventor from a small village in India has a breakthrough idea that could change the way we think about energy consumption. She packs her bags and moves to the United States to pursue her dream. There, she is welcomed by a community of like-minded individuals and institutions who support her vision and help her navigate the complex world of entrepreneurship. With … Continue reading Foreign-born Inventors and Entrepreneurs: Making Significant Contributions to the Development of Their Second Home Country
Glocalism: A Game-Changing Approach to Regional Innovation and Economic Prosperity
Glocalism, A Game-Changer? In a world that is increasingly interconnected, it is more important than ever for businesses and communities to be able to adapt to the needs and demands of both their local surroundings and the wider world. This is where the concept of “glocalism” comes in. Glocalism is a term that refers to the process of thinking globally while acting locally. It emphasizes the … Continue reading Glocalism: A Game-Changing Approach to Regional Innovation and Economic Prosperity
“Just Born, Not Made Society” : Promoting Equal Social Opportunities and Regional Innovation and Development in South Korea
Introduction: While South Korea has achieved impressive economic growth and now ranks 10th in the world for GDP and GNI in 2021, the country still struggles with significant issues related to social welfare and mobility. According to the 2020 Social Mobility Report by the World Economic Forum, South Korea was ranked 25th among major countries worldwide in terms of its social mobility. Even though its … Continue reading “Just Born, Not Made Society” : Promoting Equal Social Opportunities and Regional Innovation and Development in South Korea
Testbed and Cluster Strategies for Enhancing Innovation Ecosystems in Small-Sized Domestic Market Regions and Countries
Small-sized domestic market regions and countries face the challenge of competing in a global marketplace where innovation is crucial. To remain competitive, these regions and countries must develop new technologies, products, and services more quickly and efficiently than their rivals. Testbeds and industrial clusters are effective strategies for fostering emerging industries, promoting economic growth, and addressing sustainability challenges as building an innovation ecosystem. This article … Continue reading Testbed and Cluster Strategies for Enhancing Innovation Ecosystems in Small-Sized Domestic Market Regions and Countries
Key Basic Elements for Innovation Ecosystem: Freedom, Relationships, and Fairness
Innovation is crucial for progress, but it must be sustainable. Sustainable innovation involves creating and implementing new ideas that not only benefit us in the present but also protect and sustain our future. To achieve this, we need to understand and prioritize the key basic elements that drive sustainable innovation: freedom, relationships, and fairness. Freedom includes economic, time, and physical freedom. This enables people to think … Continue reading Key Basic Elements for Innovation Ecosystem: Freedom, Relationships, and Fairness
The Paradox of Seeking Safety: Lessons from Silicon Valley Bank
Silicon Valley Bank closed in the second-largest bank failure in U.S. history. The recent collapse of Silicon Valley Bank highlights the intricate paradox of seeking safety in the financial industry. Banks, by nature, rely heavily on investor confidence to succeed. Yet, to maintain this confidence, banks must take risks to generate returns for their investors. The case of Silicon Valley Bank exemplifies how pursuing safety in … Continue reading The Paradox of Seeking Safety: Lessons from Silicon Valley Bank
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