April 28, 2013

NEPIRC and Information Technology & Innovation Foundation Lead Global Landscapes Forum Discussion on Manufacturing Innovation

NEPIRC and the Innovation Technology & Innovation Foundation (ITIF) provided an international audience of over 100 professionals, educators and business students at the King’s College Global Landscapes Conference on April 17, 2013.

Eric Joseph Esoda, NEPIRC’s Executive Director and CEO, provided an update on best practices in innovation management within the manufacturing sector. He also presented the results of various academic and industry studies confirming that manufacturers with a systematic approach to innovation, as opposed to sporadic or one-time approaches, achieve higher levels of profitability, outperform their peer group in terms of total return on assets and are better able to withstand the loss of their largest customers.

Stephen Ezell, an ITIF Senior Analyst and co-author of Innovation Economics – The Race for Global Advantage, provided both the historical perspective and current status of America’s global competitiveness as a world leader in manufacturing innovation and provided the audience with various public policy approaches that may enhance the country’s ability to regain its global innovation advantage. Mr. Ezell also shared several additional writings with the audience and engaged in a robust discussion regarding the ways in which patent infringement, outsourcing and loose international trade laws are impinging America’s ability to innovative through multinational collaboration and technology sharing.