Archive for August, 2009

How to Build a Culture of Innovation

India’s Tata Group has made innovation part of its DNA, setting up a way for handling new ideas and making creative thinking a performance criterion (J. Scanlon, BusinessWeek, August 19, 2009).

It’s not that there had been no innovation inside Tata Group, the 117-year-old Indian powerhouse responsible for that nation’s first steel mill, power plant, and airline, among other achievements. But when India’s long protected economy was opened in 1991, Chairman Ratan Tata decided that for his companies to survive and thrive in a global economy he had to make innovation a priority—and build it into the DNA of the Tata group so that every employee at every company might think and act like an innovator.

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August 31, 2009 at 3:34 pm

IBM Bets on Brazilian Innovation

Big Blue’s new initiative to stimulate development of Brazil’s nascent tech industry is the latest sign of the country’s rising power (S. E. Ante, BusinessWeek, August 17, 2009)

Over the last few years, China and India have emerged as the twin hot spots of emerging tech innovation. Now IBM (IBM) is betting that one of the next big technology stars will be Brazil.

In the latest sign of Brazil’s rising power, Big Blue is announcing on Aug. 18 a new initiative to stimulate the development of the country’s technology sector. To kick off the effort, IBM is hosting its first-ever forum for venture capitalists and entrepreneurs in São Paulo along with FINEP, the Brazilian government agency that finances technology development. The daylong event will bring together more than 100 investors and dozens of new companies looking for investment and business advice.

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August 21, 2009 at 3:09 pm

Turning Corporate Taxes into an Innovation Spur

Countries compete for mobile, high-value-added jobs, and increasingly they use their tax code as a key tool
(R. Atkinson, BusinessWeek, August 17, 2009).

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August 20, 2009 at 12:19 pm

Brand America’s share of global Foreign Direct Investment (FDI) inflow investment is declining

Brand America’s share of global FDI inflow investment has been declining over time. This is an indication that other markets are perceived by capital investors as representing a better potential for return on investment. In an interdependent global economy, this trend will translate into a weakened American economy and a shift in global business competitiveness from Brand America to other trading blocks around the world.

While there are a number of reasons for this negative trend, one of the reasons has been the lack of available data to assess the trend below the national level. As the saying goes, “You get what you measure”. In this case, States have not made improving attractiveness and overall competitiveness for FDI inflow attraction a priority in their economic development plans because there has not been a reliable set of published data to evaluate state level performance.

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Posted by Bill DiGrezio, SCORE Chapter 34

August 19, 2009 at 7:00 am

USITC LAUNCHES NEW INVESTIGATIONS ON POSSIBLE MODIFICATIONS TO THE NAFTA RULES OF ORIGIN

The United States International Trade Commission (USITC) is seeking input for two newly initiated investigations concerning proposed modifications of the North American Free Trade Agreement (NAFTA) rules of origin.

The investigations, Certain Textile Articles Containing Rayon and Other Manmade Fibers: Effect of Modifications of NAFTA Rules of Origin for Goods of Canada and Mexico, and Certain Textile Articles Containing Acrylic and Modacrylic Fibers: Effect of Modifications of NAFTA Rules of Origin for Goods of Canada, result from a request by the U.S. Trade Representative (USTR) in a letter received on July 30, 2009.

As requested, the USITC, an independent, nonpartisan, factfinding federal agency, will provide advice on the probable effect of proposed NAFTA rules of origin modifications on U.S. trade and on domestic producers of the affected yarns and fabrics. Details on the products covered by the investigation can be obtained from the attachment to the request letter, which can be found on the USITC Internet site at http://www.usitc.gov/research_and_analysis/ongoing/certain_textile_nafta_roo.pdf.

The USITC expects to submit its advice to the USTR by November 30, 2009.

Further information on the scope of these investigations, the proposed rules of origin modifications, and the procedures for written submissions is available in the USITC’s notices of investigation, dated August 17, 2009, which can be downloaded from the USITC Internet site (www.usitc.gov) or by contacting the Secretary at the above address.

August 18, 2009 at 1:46 pm

Brazil’s Coming Rebound

Consumers are spending and banks are sound. Is the Latin giant finally growing up?

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August 10, 2009 at 8:00 am

Call to Action in support of Intellectual Property Enforcement

Congress took an important step last year to increase IP enforcement resources by enacting the PRO-IP Act (P.L. 110-403).

This legislation authorized funding for FBI agents and federal prosecutors dedicated to fighting counterfeiting and piracy and established a grant program to help state and local law enforcement authorities combat these crimes.

The House passed FY10 CJS Appropriations bill making it a priority to fund the IP enforcement provisions of the PRO-IP Act.

Write to your Senators asking to support the CJS bill today and send an email notification to dlongo@nkychamber.com

August 7, 2009 at 8:06 am

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Travel with the Northern Kentucky Chamber in 2012

Peru - August 12-20, 2012
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