Thought Garage

Apple CEO Steve Jobs is among the greatest innovators of our time. And yet his genius for understanding business is rarely explained in any public way. Rarer still is to hear the advice he would give to the CEO of another hugely successful company: Nike. But that's exactly what you'll learn from this video, in which Nike president and CEO Mark Parker tells about the advice that Jobs gave him shortly after the release of the Nike+ product line. It's a simple bit of wisdom that any entrepreneur can relate to: "Get rid of the crappy stuff." Easy to say, hard to do."I expected a little laugh," Parker says of the exchange. "But there was a pause and no laugh at the end." The setting here is Fast Company's Innovation Uncensored conference on April 21, 2010, in New York City.

As per a Feb 2009 Report, “ The Atlantic Century : Benchmarking EU & U.S. Innovation and Competitiveness ”  from The Information Technology & Innovation Foundation (ITIF) , China stands at 33 with 36.0 points while India finishes the last in the list of 40 countries in the world with 21.6 points. What is the basis for these Rankings? To create a holistic understanding of how a country is performing in terms of global competitiveness and whether or not that performance is expected to continue, decline, or increase in the future, ITIF used the following 16 indicators to evaluate the global competitiveness of the United States and other countries: 1. Human capital: higher education attainment in the population ages 25–34; and the number of science and technology researchers per 1,000 employed. 2. Innovation capacity: corporate investment in research and development (R&D); government investment in R&D; and share of the ...