Economies and societies throughout the world, and in particular those of the Caribbean, face many pressures for change; particularly developing economies that rely heavily on agriculture, tourism and mineral wealth for sustenance, are vulnerable. These pressures mainly are the result of globalisation, technological advancement as well as fundamental changes in tastes and tendencies in end-user markets. These pressures represent threats, but also major opportunities for societies and economies willing to make innovation a key element within their development agenda.
However, transitioning traditionally less-developed economies and societies into ones based on knowledge and innovation – rather than traditional commodity exports or mark-up trading – will entail the adoption of more efficient business arrangements, more highly skilled people, better information, improved technology infrastructure, more advanced research institutions and the incorporation of ICT into the core processes of Business and Government, among other things
We posit that the growth of business-level productivity and competitiveness (whether that of the government or commercial sector) will be driven, to a large extent, by the adoption of innovation strategies and activity into the core processes of organisations and governments. This is our most passionate area.