You're right in saying companies need to put the horsepower behind a good idea. The lack of investment in time and resources is big stumbling block. Do you have an examples of how Avnet or similar companies have stepped up and helped drive a creative idea through implementation?
Interesting topic - there is an entire area of study and theory around the process of innovation. Many of us have probably had the experience of waking in the middle of the night with a solution to a problem that has been plaquing us! Sometimes I wonder which is the larger roadblock - forming the idea, or bringing it to a tangible state. Few people are recognized for their creativity unless they can carry it through implementation. But that's where the organizations, like Avnet, can put some horsepower behind a good idea.
I know there is always a lag when new policies are put into effect. In this case, it would be because any fiscal modifications would most likely apply for 2011-2012 meaning that no one would benefit until almost another 2 years.
But in cases like these, it might be slow and seem like a non-factor BUT we have to start somewhere to at least get the ball rolling. Who knows, this might lead to some other great ideas being throw into the mix as well.
I agree. Tax incentives could work especially since many cities, states and nations are looking for ways to rebuild their recession-battered local tax bases. And, as we've see in the news recently, some industry heavy hitters, like Intel's CEO Paul Otellini, are asking the U.S. to take such steps. (Here's one recent story on that: http://blogs.pcmag.com/miller/2010/10/intels_otellini_calls_for_more.php)
The problem, though, is it takes years between when tax incentives are offered and when manufacturers earn a profit from plants built with those tax credits. Not sure what the interim solution would be.
It is however true that it is large erodded and like everybody else, i'm wondering why?
Perherps the world around us has gotten too complex, and we have lost the simplicity of life and passion that people of earlier centuries had, and were able to unlease their creative side to the maximum. Or maybe it's the burden of responsibility and survival that has cost us our creativity.
However, it is still our greatest assest. creativity is the answer to the burden of bills, becuase it could bring about results that can solve those problems for good.
I agree with Jeniffer, there has to be a balance somewhere and in addition, there has to be a deliberate set of actions to keep that creativity pool flowing.
the balance of work and rest, activity and quietness must be maintained.
Its funny that our challenges tend to take us away from the one thing that can solve them.
I would be hard pressed to see 'making things' or manufacturing return to onshore locations. The big boys in industry slash so much overhead by sending all of the labor overseas or offshore. Some major tax breaks/incentives would NEED to be instituted to encourage them to bring back the hands-on labor the U.S. of A.
Right, SP. Making living often trumps imagination. Sad, no?
But, I can't help but to think there has to be a balance somewhere. And, the Jeep commercial,"The Things We Make, Make Us," keeps playing in my head. Say what you will about offshoring vs. local manufacturing, but the idea behind this ad - getting back into making things - struck a chord with me.
Living creatively is definitely tough. I guess its paying bills that dictates most of the thing. I guess everyone wants some creativity but gets limited by financial responsibilities.
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Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
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