The frailty of the global economy in the wake of the recession has made innovation an imperative for companies looking to withstand 21st century business challenges. There is no doubt that the ability to innovate in general plays an important role in a country’s ability to sustain its global competitiveness. A major lesson from the 2008/9 recession, as exemplified by some countries –notably those based in Asia –is that innovative countries that strategically prepare for the worst barely flinch in the face of adversity… (more)