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In the wake of Barack Obama's re-election on November 7, 2012, this analysis explores the potential implications for global economies, especially regarding the US-EU and US-Asia dynamics. It discusses the influence of Democratic policies on state spending, debt management, and healthcare transformation. The article also presents a strategic framework for assessing innovations, covering market potential, investment profitability, and the risks of internal competition. Additionally, it highlights networking as a vital resource for idea generation and capital acquisition.
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What has happened in the last 7 days? • Obama was elected a President of USA, againwhat it means: US-EU vs US-Asia, US Middle East- power of democrats, power of masses good/bad- which businesses will grow? (state spending, state control, debts manageent, hope for healthcare transform, …- how can Europe and SK learn from it?
Innovation assessment questions • New to the world (Consumers are not familiar with benefits of my innovation) • New to us (How big technology shift this is for my company?) • Size of the idea (Market potential. Try to calculate, guess or buy buy data. E.g. all EU University daily students, 3 occassions per year, 3 EUR = 9270x3x3) • Profitability (assess investment cost and then calculate that as % of Market Potential) • Internal Cannibalism (important if your innovation replaces your current product.)
What shall I prepare for the next class? • Project plan; Goal, Team, Budgets. Building the case • The power of networking! Using resources 2.0. Use networks for ideas, talents and capital searches. Portfolio of ideas or services. Peter Skarzynski - Innovation to the core 2008, pages 113, 118-122 Innovation to the core 2008, pages 161-178