Saturday, October 23, 2010

New Statistics on Business Innovation

A new report from the National Science Foundation states:
The new data indicate that in the period 2006–08 about 22% of the manufacturing companies introduced product innovations (one or more new or significantly improved good or service) and about 22% introduced process innovations (one or more new or significantly improved method for manufacturing or production; logistics, delivery, or distribution; support activities). In comparison, about 8% of companies in the nonmanufacturing sector were product innovators and 8% were process innovators. Nonetheless, much higher innovation incidences are observed in the manufacturing subsectors of chemicals, computer/electronic products, and electrical equipment/appliances/components, and in some parts of the nonmanufacturing sectors of information and professional/scientific/technical services. Further, the BRDIS data indicate that companies that perform and/or fund R&D have a far higher incidence of innovation than do companies without any R&D activity.

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